Business
Financial Analyst Tasks CBN On Inflation Rate
A financial analyst, Mr Henry Boyo, yesterday in Lagos charged the Central Bank of Nigeria (CBN) to promote lower inflation rate in the country.
Boyo, in an interview with The Tide source said that the current 8.2 per cent inflation rate was too high for any economy to grow.
“No economy can prosper under the current inflation rate of 8.3 per cent.
“The average inflation rate in developed economies of the world is not higher than two per cent,” he said.
The analyst said that despite the reduced inflation rate in recent months, the price of consumer products were still high.
“The drop from the peak of 12 per cent to 8.2 per cent cannot be linked to a fall in the price of consumer goods,” he said.
Boyo said that the fall in inflation had not matched increased employment opportunities or structural development in the country.
Reports show that the current inflation rates stand at 8.2 per cent from the peak of 12.3 per cent, the lowest since Sept. 2012.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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