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Public Funding for Royals Triples Since 2012 Due to Palace Renovations
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Official data reveals that public funding for the Royal Household has increased threefold in real value since 2012, primarily due to repair and construction activities at Buckingham Palace. The Sovereign Grant, which offers financial backing from taxpayers for the monarchy, was initiated in 2012 with an annual amount of £31 million. According to information…
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EAC Central Bankers Forecast Regional Economy to Expand by 5.8% in International Edition (English)
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Addis Ababa, May 10, 2025 (ENA) — The central bank governors of the East African Community (EAC) anticipate that the regional economy will manage to endure current global challenges and achieve a more robust economic expansion of 5.8% this year. Head of the EAC Monetary Affairs Committee G The Governor of the Central Bank…
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Gold Drops as Optimism Over US-China Trade Softens Safe-Haven Appeal
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Lagos — Gold prices slipped on Wednesday as reports of upcoming trade talks between US and Chinese officials lifted market sentiment and reduced safe-haven demand. The prospect of negotiations between Washington and Beijing has fueled optimism, even as broader trade uncertainties persist. Investor focus is also directed at the Federal Reserve’s policy decision later…
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Luxury Car Owners Turn Taxis Amid Hunger for Income: An International Edition Exclusive
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Amidst the escalating economic downturn, many Nigerians struggling against mounting inflation, skyrocketing fuel costs, and growing joblessness are resorting to unconventional means for survival. They are taking to the roads with their high-end cars, converting them into cabs to generate immediate income. In this piece, CHIJIOKE IREMEKA delves into how these mobile side gigs…
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Gold Price Plummets by Rs4,200 Per Tola in Pakistan
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On Thursday, gold prices in Pakistan experienced a significant decline. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the cost of one tola of 24-carat gold dropped by Rs4,200, setting the new price at Rs352,700. Likewise, the cost of 10 grams of gold decreased by Rs3,601, currently priced at Rs302,383. This decline…
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BAN Urges Organizations to Boost Profitability Through Enhanced Viability
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On Friday, May 9th, the Booksellers Association of Nigeria (BAN) conducted their BAN training session during the 24th Nigeria International Book Fair scheduled for 2025. Themed ‘Assessing Organizational Strengths for Enhanced Financial Performance,’ this gathering occurred at the Balmoral Convention Center within the Sheraton Hotel located in Ikeja, Lagos. Attendees included numerous publishers, writers,…
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UK Inflation Rate: See How Fast Prices Are Soaring
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In the year leading up to March, prices in the UK increased by 2.6%, which is lower than the prior month’s rise yet remains higher than what the Bank of England aims for. The Bank of England adjusts interest rates to aim for a 2% inflation target, and in 2025, it reduced them twice,…
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Dollar Inches Up Against Dong – International Edition
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On Thursday morning, the U.S. dollar saw a slight increase against the Vietnamese dong but declined when compared to most significant currencies. Vietcombank sold its dollars at a rate of 0.07% higher, equating to VND26,150 per dollar. The State Bank of Vietnam reduced its reference rate by 0.01% to VND24,927. In the black market,…
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Dangote Unveils $40M Five-Year Blueprint to Transform Kano University
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The president of the Dangote Group, Aliko Dangote, has initiated a N15 billion, five-year development program for the Aliko Dangote University of Science and Technology (ADUSTech) located in Wudil, Kano State. Dangote made this statement during the 2nd chancellorship investiture and the fifth joint convocation ceremony awards for bachelor’s, master’s, and honorary degrees on…