Adaora Umeoji Highlights Zenith Bank’s Robust Financial Metrics Says financial institution poised to cross N1tn mark in profit in 2024 Dike Onwuamaeze
Zenith Bank Plc, Nigeria’s leading
financial institution, held its Capital Markets Day last week to showcase the bank’s inherent values as it em-
barks on its recapitalisation journey. The event, which brought together key market players, focused on the
bank’s growth trajectory, strategic objectives, market performance, and consistent robust dividend payout
over the years. It also provided an opportunity for the bank to inform capital market
stakeholders about its robust risk Continued on page 12
NEITI: Nigeria Lost 619.7m Barrels of Oil Valued at N16.25tn to Theft in 12 Years... Page 5 Tuesday 16 July, 2024 Vol 29. No 10688. Price: N400
www.thisdaylive.com TR
UT H
& RE A S O
N
Anyaoku, Akpabio, Mbah Hail Obaigbena on Media Mogul’s 65th Birthday... Page 12
Inflation Soars to 34.19% Amid Higher Energy, Food Prices Severe in Bauchi, Kogi, Oyo, others
James Emejo in Abuja The Consumer Price Index (CPI), which measures the rate of change in prices of goods and services,
further rose to 34.19 per cent in June, compared to 33.95 per cent in May, the National Bureau of Statistics (NBS) stated yesterday. Year-on-year, headline inflation was
11.40 per cent higher than 22.79 per cent recorded in June 2023. Food inflation increased by 15.62 per cent year-on-year to 40.87 per cent, compared to 25.25 per cent in
Food index hits 40.87%
June 2023. Month-on-month, the food index also increased to 0.26 per cent to 2.55 per cent, compared to 2.28 per cent in May.
Similarly, all items, less farm produce and energy or core inflation, which excludes the prices of volatile agricultural produces and energy, increased to 27.40 per cent
year-on-year in June, which was up by 7.34 per cent, compared to 20.06 per cent in June 2023. Continued on page 12
Nigeria's Economy Will Recover Soon, NNPCL, CBN, Minister Assure Nigerians Kyari says PH refinery will start production in August FG distributes 740 trucks of rice to states, FCT to address food shortage Govt to amend 2024 budget to accommodate new minimum wage, Idris discloses
Story on page 12
Lagos Signs New Partnership with CIG Motors...
L-R: Jubril Arogundade, executive director, CIG Motors; Tobi Lawal, managing director, Ibile Holdings; Yan Yuqing, consul general of the Chinese Consulate General in Lagos; Dr. Kadri Obafemi Hazmat, deputy governor of Lagos State; Babajide Sanwo-olu, governor of Lagos State; Chief Diana Chen, chairman CIG Motors Company Limited and members of Ibile Holdings; Honourable Oluwaseun Osiyemi, commissioner for transportation, Lagos State, during the official signing of new Lagride partnership with CIG Motors, at the Lagos House, Ikeja... yesterday
Classified Documents: US Judge Dismisses Criminal Case against Trump... Page 12