Connect with us

Nigerian Newspapers

Nigerian inflation rises to 11.85% in November

Published

on

By Emmanuel Elebeke

The consumer price index, which measures inflation increased by 11.85 per cent in November 2019. The figure is 0.24 per cent points higher than (11.61) per cent, the rate recorded in October 2019.

According to the National Bureau of Statistics report published on its website on Tuesday, increases were recorded in all Classification of Individual Consumption by Purpose (COICOP) divisions that yielded the Headline index.

According to the report, the Headline index increased by 1.02 per cent in November 2019, On a month-on-month basis, indicating 0.05 per cent rate lower than the rate recorded in October 2019 (1.07) per cent.

The percentage change in the average composite CPI for the twelve months period ending November 2019 over the average of the CPI for the previous twelve months period was 11.35 per cent, representing a 0.05 per cent point from 11.30 per cent recorded in October 2019.

Also, the urban inflation rate increased within the month under review by 12.47 per cent (year-on-year) in November 2019 from 12.20 per cent recorded in October 2019, while the rural inflation rate increased by 11.30 per cent in November 2019 from 11.07 per cent in October 2019.

On a month-on-month basis, the urban index rose by 1.07 per cent in November 2019, down by 0.08 from 1.15 per cent recorded in October 2019, while the rural index also rose by 0.98 0 per cent in November 2019, down by 0.01 from the rate recorded in October 2019 (0.99) per cent.

The bureau noted that the corresponding twelve-month year-on-year average percentage change for the urban index is 11.75 per cent in November 2019. This is higher than 11.68 per cent reported in October 2019, while the corresponding rural inflation rate in November 2019 is 10.98 per cent compared to 10.95 per cent recorded in October 2019.

The composite food index rose by 14.48 per cent in November 2019 compared to 14.09 per cent in October 2019. This rise in the food index, NBS said was caused by increases in prices of Bread, Cereals, Oils and fats, Meat, Potatoes, yam and other tubers, and Fish.

On a month-on-month basis, the food sub-index increased by 1.25 per cent in November 2019, down by 0.08 per cent points from 1.33 per cent recorded in October 2019. However, the average annual rate of change of the Food sub-index for the twelve-month period ending November 2019 over the previous twelve-month average was 13.65 per cent, 0.11 per cent points from the average annual rate of change recorded in October 2019 (13.54) per cent.

Sourced From: Vanguard News

0 0 vote
Article Rating

Corona Virus

NIgeria Records 87 New Cases Of COVID-19, Total Infections Now 1,182

Published

on

By Abujah Racheal

Nigeria has recorded 87 new cases of the COVID-19, bringing the total infections to 1,182 , according to the Nigeria Centre for Disease Control (NCDC).

The NCDC, in a tweet via its official handle, said 33 of the new infections were recorded in Lagos, 18 in Borno, 12 in Osun, nine in Katsina, four each in Kano and Ekiti, three each in Edo and Bauchi and one in Imo.

“As at 11:55 pm April 25, there are 1,182 confirmed cases of COVID-19 reported in Nigeria.  The country’s total deaths from the virus now stand at 35, while 222  have been treated and discharged,” it said.

The centre said as at 11:55 pm, April 25, Lagos has 689, FCT-138, Kano-77, Ogun-35, Osun-32, Gombe-30, Katsina-30, Borno-30, Edo-22, Oyo-18, Kwara-11, Akwa Ibom-11, Bauchi-11, Kaduna-10, Ekiti-8 and Ondo-4.

Others are Delta-six, Rivers-three, Jigawa-two, Enugu-two, Niger-two, Abia-two, Zamfara-two,  Sokoto-two, Benue-one, Anambra-one, Adamawa-one, Plateau-one and Imo-one.

Sourced From: News Agency of Nigeria

0 0 vote
Article Rating
Continue Reading

Daily Trust

2 Women Crushed To Death On Lagos – Ibadan Expressway

Published

on

Two women were crushed to death in a road crash involving a Mack truck and a motorcycle around Lotto, beside NNPC filling station on the Lagos – Ibadan expressway.

The accident occurred around 8:02am on Saturday when the truck marked FST 984 XX lost its brakes and hit the moving motorcycle, killing the women.

The spokesperson of Traffic Compliance and Enforcement Corps, Babatunde Akinbiyi,  confirmed the incident to newsmen in Abeokuta.

”The truck and the motorcycle were both on the outbound lane from Lagos when the crash happened due to break failure on the  part of the truck driver.

“The vehicle and the motorcycle are with the police at the Redeemed Police Station, along with the driver of the truck,” he said.  Akinbiyi explained that the rider of the motorcycle was nowhere to be found after the accident.

He disclosed that  the remains of the deceased had been deposited at the morgue of Olabisi Onabanjo University Teaching Hospital, Sagamu.

Sourced From: Daily Trust

0 0 vote
Article Rating
Continue Reading

Tribune

Mentally-Challenged Man Axes 70-Year-Old Father To Death

Published

on

A 37-year-old man said to be mentally-challenged has used an axe to kill his father, aged 70 in Unuchiana Village, Aguata Local Government Area of Anambra State.

Tribune Online learnt that the suspect allegedly axed his father to death in their compound.

Confirming the incident in a statement, the Anambra State police command’s public relations officer, SP Haruna Mohammed, said one Timothy Ezeofor reported that his elder brother, 70-year-old Godwin Ezeofor, was allegedly murdered by his son, Chigorom Ezeofor using an axe.

According to Mohammed, at about 9:45am on Friday, one Mr Timothy Ezeofor of Umuezegoro Kindred, Unuchiana Village, reported at Aguata Police Station that at about 8:00am of same day, his elder brother, Godwin Ezeofor of the same address was murdered by his son, one Chigorom Ezeofor, of the same address using an axe.

He said the complainant alleged that the suspect had been mentally ill for the past eight years.

The police spokesman said following the report, police operatives attached to Aguata Division led by the DPO, CSP Ayeni Oluwadare, mobilised to scene and rushed the victim to the hospital where he was pronounced dead by a medical doctor and the corpse has been deposited at a hospital mortuary for autopsy.

He also said the suspect who “looks insane” had been arrested and taken to the station for investigation to ascertain circumstances surrounding the incident.

Sourced From: Tribune Online

0 0 vote
Article Rating
Continue Reading

This Day

COVID-19: Police Arrest Bishop For Defying Lockdown To Protest At Chinese Embassy In Lagos

Published

on

By Chiemelie Ezeobi.

The Lagos State Police Command has arrested the General Overseer of Resurrection Praise Ministries for Africa alias Jehovah Sharp Sharp, Archbishop Samson Benjamin, for defying the lockdown order to protest at the Chinese Embassy in Lagos.

Benjamin, the police alleged, led about 100 persons to the Chinese Embassy in Victoria Island to protest the maltreatment of Nigerians in China.

According to the cleric, the Chinese were operating freely in Nigeria despite that COVID-19 started in their country but have chosen to maltreat Nigerians and other blacks in China.

It was gathered that officials of the embassy sent a video clip of the alleged invasion to the police which prompted operatives from Victoria Island Division to move to the scene to effect the arrest.

A police source who spoke on anonymity said the cleric was being detained at the State Criminal Investigation and Intelligence Department, (SCIID), Yaba and may be arraigned in court on Wednesday.

In the video, the bishop denied going to the embassy with 100 persons, insisting that he was there by himself to register his displeasure over the ill-treatment of Nigerians in China.

Efforts to reach the spokesman for the state police command, DSP Bala Elkana, proved abortive as he didn’t return the message sent to him as at press time.

 

Sourced From: THISDAYLIVE

0 0 vote
Article Rating
Continue Reading

Politics

Popular Posts