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Tag: United Kingdom

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UK inflation rises to 2.3% in October

In a surprise move, United Kingdom inflation accelerated to 2.3 per cent in October, exceeding market expectations and potentially halting the Bank of England’s plans for a December interest rate cut. According to data released by the British Office for National Statistics on Wednesday, the sharp increase from September’s 1.7% rate surpassed the 2.2% forecast […]

UK regulator investigates MoneyGram's data breach
News

UK regulator investigates MoneyGram’s data breach

The UK’s data protection authority is investigating MoneyGram following a report of a data breach from the U.S.-based money transfer company. The Information Commissioner’s Office confirmed to TechCrunch on Friday that it had received a breach report from MoneyGram, which is required to notify authorities of data incidents within 72 hours of discovery. “We have […]

News

UK approved about 430,000 Nigerian visa applications in 2024 – NIDCOM

The British High Commissioner to Nigeria, Dr. Richard Montgomery, has stated that almost 430,000 Nigerian visa applications have been granted so far this year. This was disclosed in a press statement by the Nigerians in Diaspora Commission, according to Nairametrics. According to the release, Dr. Montgomery made this comment in a meeting with the Chairman/CEO, […]

UK, South Korea warn against cyberattacks from North Korea
News Tech

UK, South Korea warn against cyberattacks from North Korea

The United Kingdom and South Korea have issued warnings over the increasing sophistication and volume of cyberattacks by groups tied to the North Korean state. The cyber security and intelligence agencies of the two countries have released a new joint warning in which they call on firms to strengthen their security protocols in order to […]

UK pledges $10m to an African SDG results fund
Business

UK pledges $10m to an African SDG results fund

As an anchor investor alongside the US International Development Finance Corporation, British International Investment, a development finance institution, and impact investor from the UK, has committed $10 million to the SDG Outcomes Fund. Vanguard reported that the DFIs will help launch the first fund for development impact bonds in low- and middle-income nations worldwide, including South […]

UK modifies trading laws for Nigeria, 65 others
News

UK modifies trading laws for Nigeria, 65 others

The government of the United Kingdom has drastically streamlined trade regulations for Nigeria and 65 other African countries. Vanguard reported that the UK will eliminate taxes on products including tomatoes, chocolate, and other items under the new regulations. The move will help the country’s firms and consumers save millions of British Pounds each year under its […]

Nigerians in the UK face job loss over sponsorship eligibility
Economy

UK’s inflation drops to lowest first tine in one year

Britain’s inflation rate dropped its lowest level in more than a year in the month of April 2023 as the effects of the surge in energy prices in 2022 started to ease.   Britain’s Office for National Statistics, on Wednesday, reported that consumer prices in Britain rose 8.7 per cent from a year earlier, the […]

Minister of Economy, Trade and Industry of Japan
Business featured

G7 to finance climate action in developing countries 

Japan’s economy and trade minister, Yasutoshi Nishimura, on Saturday stated that members of the G7 must take action to help emerging countries reduce emissions, including financing decarbonisation in “hard-to-abate” industries. Reuters reported that the G7 ministers are meeting in Sapporo on Saturday and Sunday for climate and energy talks. Meanwhile, Nishimura emphasized that it is […]

NAFDAC cuts licensing fees by 65%
Business

NAFDAC, UK negotiate bilateral agreement for Nigerian products

The National Agency for Food and Drug Administration and Control revealed that it is working on a bilateral deal with the UK Government which would enable easier exports of Nigerian processed products registered with NAFDAC. To take full advantage of the opportunity, business owners who intend to enter the processed food export industry are invited […]

A picture of someone holding European currency
Business

Demand for banknotes lowest in 20 years –  De La Rue

A British security printing and papermaking company, De La Rue, has said that there has been a significant decrease in global demand for banknotes, the lowest in the last 20 years. De La Rue who is responsible for designing one-third of the world’s banknotes and operational in 140 counties has observed a decline in cash […]

Flag of United Kingdom
Business

UK plans to ease visa access over labour shortages

United Kingdom has said on Thursday that it was planning to ease the policies on visa approval to help address labour shortages, which was caused by tighter immigration rules after it moved from the European Union. Following post-Brexit, the government made use of a points-based immigration model. According to The Punch, a government spokesperson said, […]

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