fbpx
Connect with us

News

Breaking:Inflation in Nigeria Hits 20-Year High at 28.2% in November.

Published

on

President Bola Ahmad Tinubu

 

Nigeria’s headline inflation has risen to a 20-year high of 28.2 percent in November, the National Bureau of Statistics NBS, has disclosed.

The NBS in a report released on Friday said the headline inflation rate increased to 28.20 percent relative to October 2023 headline inflation rate which was 27.33 percent.

Reports indicate that the figure is the highest record from data obtained on the website of the Central Bank of Nigeria, CBN.

The bank’s data started from 2023.

The NBS said Food inflation rate also increased to 32.84 percent on a year-on-year basis, which was 8.72 percent points higher compared to the rate recorded in November 2022 (24.13 percent).

#

“The rise in food inflation on a year-on-year basis was caused by increases in prices of bread and cereals, oil and fat, potatoes, yam and other tubers, fish, fruit, meat, vegetables and coffee, tea and cocoa,” it said.

On a month-on-month basis, the food inflation rate in November 2023 was 2.42 percent, 0.51 percent higher compared to the rate recorded in October 2023 (1.91 percent).

said the rise was caused by the increase in the average prices of bread and cereals, oil and fat, meat, coffee, tea and cocoa, potatoes, yam & other tubers.

Also, the “all items less farm produces and energy” or core inflation, which excludes the prices of volatile agricultural produces and energy stood at 22.38 percent on a year-on year basis.

“This is up by 4.39 percent when compared to the 17.99 percent recorded in November 2022. The highest increases were recorded in prices of passenger transport by road, medical services, passenger transport by air, actual and imputed rentals for housing, pharmaceutical products, accommodation service etc,” the report added.

Daily Trust

News

Arewa APC Merger Group Hails President Tinubu for Release of Detained minors

Published

on

 

The Arewa APC Merger Group has thanked President Bola Tinubu for his swift and compassionate response in ordering the release of detained minors involved in the #EndBadGovernance protests.

In a statement signed by National Coordinator Hon. Musa Mujahid Zaitawa in Abuja, the group expressed gratitude for the President’s decisive action, which has brought renewed hope to many Nigerians.

The group commended President Tinubu for showing strong leadership on the issue, noting that his actions demonstrate a commitment to justice and the well-being of Nigeria’s youth.

They emphasized that this move reassures citizens of the President’s dedication to fairness and the protection of human rights under his administration.

The release order from President Tinubu came after the Arewa APC Merger Group took substantial steps to advocate for the detained children.

In response to reports of mistreatment, including allegations of malnutrition and poor conditions, the group provided essential food and support to the minors both at the Federal High Court in Abuja and while in custody.

This effort underscored the group’s commitment to the welfare of young Nigerians and their resolve to seek justice.

Hon. Musa Mujahid Zaitawa stated that the group is encouraged by the President’s response and considers it a positive signal of his administration’s commitment to addressing national issues with compassion and responsibility.

The Arewa APC Merger Group remains hopeful that this action will set a precedent for prioritizing the rights and well-being of Nigeria’s youth across the country.

President Tinubu’s decision to release the children reflects his administration’s acknowledgment of the calls from various stakeholders to uphold justice and safeguard the future of young Nigerians.

The Arewa APC Merger Group expressed their appreciation for this significant step, which they believe will strengthen public confidence in the government’s dedication to the rights of all citizens.

#
Continue Reading

News

Breaking: Court Drops Charges Against Minors

Published

on

 

 

The Federal High Court in Abuja on Tuesday struck out the charges brought against a total of 119 #EndBadGovernance protesters.

All 119 protesters were arraigned on Friday, November 1 on charges bordering on Treason felony, inciting to mutiny, among others.

#

The defendants were arraigned in two batches at the previous proceeding.

The first batch comprised a total of 76 protesters which included 32 minors and the second batch a total of 43 protesters.

The trial judge, Justice Obiora Egwuatu, struck out the suit following an application by the counsel to the Attorney General of the Federation, M. D Abubakar, to take over and discontinue the matter.

Punch

 

 

 

Continue Reading

News

NNPP Crisis: Assembly Members Deny Factional Differences

Published

on

 

By Salisu Baso

As the crisis erupted within Kano’s ruling party NNPP, with some members calling for the governor to stand independently, the Kano State House of Assembly has denied knowledge of any of its members being involved in the rifts.

The Majority Leader of the House, Hon. Lawan Hussain, representing Dala Constituency, revealed this to newsmen in an interview with journalists over the publication of an online newspaper, Daily Nigeria, stating that some members of the NNPP in the House have joined the factional crisis.

He described the news as a fabricated and mischievous story from unpatriotic elements planning to destroy the peace reigning within the party. He said that as far as the members of the House are concerned, there are no conflicts between the governor and the leader of the Kwankwasiyya Movement, Senator Engr. Rabiu Musa Kwankwaso.

The Majority Leader therefore assured the party parliament members of their solid support for the leader of the Kwankwasiyya and state governor, Engr. Abba Kabir Yusuf, adding that the governor considers Senator Kwankwaso his mentor.

On the issue of some party members calling for the governor to be independent (Tsaya da Kafar Ka), Hon. Dala said the governor is operating independently without interference from any person. He therefore accused some opposition politicians from the Federal Capital Territory, Abuja, of sponsoring unpatriotic people to ignite a crisis in the state with a view to disrupting the government’s development initiatives.

 

#

Continue Reading

Trending