The Consumer Price Index (CPI) which measures inflation dropped to 17.93 per cent (year-on-year) in May compared to 18.12 per cent in the preceding month, according to the National Bureau of Statistics (NBS). The 0.19 per cent decline in the headline index, makes it the second consecutive month that the rate had sustained its downward trajectory after 18 months of inflationary pressures on the economy. According to the CPI figures for May which was released by the statistical agency Tuesday, food inflation dropped to 22.28 per cent from 22.72 per cent in April. Price moderation was recorded in bread, cereals, milk, cheese, eggs, fish, soft drinks, coffee, tea and cocoa, fruits, meat, oils and fats and vegetables. On month-on-month basis, the food sub-index declined to 1.05 per cent in May ...
The Ekiti State Police Command has dispelled reports that armed Fulani bandits had stormed Ado Ekiti, the state capital. The state’s Commissioner of Police, Tunde Mobayo, said it is important to allay the fear that engulfed residents of the town when the news made the rounds on Wednesday. A report had trended online on Wednesday that a truck loaded with Hausa-Fulani men, all armed with AK-47 rifles and other weapons, had arrived at the Shasha market, along Ikere Road in Ado Ekiti. Mobayo, in a statement signed by the Command’s spokesman, ASP Sunday Abutu, and made available to reporters on Wednesday night, explained that the report was concocted by purveyors of fake news, and should be disregarded by residents of the town. The statement, entitled “No Armed Hausa/Fulani Invaded Shasha Marke...
The South-East Governor’s Forum on Sunday reiterated its support for the establishment of state police in view of the current security challenges in parts of the country. The chairperson of the forum, Governor Dave Umahi of Ebonyi, disclosed this in a communique issued at the end of their security meeting with opinion leaders in the zone in Enugu. The governor said the forum had set up a committee to work out acceptable modalities for the workability of state policing and would submit the same to the National Economic Council (NEC). “The meeting is in support of restructuring, the setting up of state police and other national issues as discussed at the last NEC meeting. “A committee has been set up to work out acceptable modalities and submit the same to NEC in its next meeting,” he said. ...
The Nigeria Governors’ Forum (NGF) has condemned the attack on Governor Hope Uzodinma of Imo state’s residence, saying all hands must be on deck to fish out perpetrators of the crime. Gunmen had on Saturday attacked and killed many people, including three security personnel, and set the country home of the governor at Omuma, Oru East Local Government Area of the state ablaze. Chairman of the NGF and Ekiti State governor, Kayode Fayemi, in a statement on Sunday, sympathised with Governor Uzodinma and all those who had been injured, maimed or had someone close killed during the attack. “The Forum calls on all good citizens to cooperate with the nation’s security forces and the government in trying to build a civil, safe and secure environment for our citizens. “For those behind these crimes,...
YouTube The Economic and Financial Crimes Commission (EFCC), has restituted the sum of N67,523,000 to one Mr. Emmanuel Onyekachukwu Onah, a trader based in Onitsha, Anambra State. EFCC spokesperson, Wilson Uwujaren, said Onah’s ordeal started sometime in 2019 when he transferred the sum of N75,760,540.00 to the duo of Tega Esinone and Obiajulu Umeagukwu for onward transmission to his business partner, Crecedor Industrial Co. Ltd in Hong Kong. The suspects converted the money to their own use. After efforts to recover his money from the suspects failed, Onah petitioned the EFCC. The commission in the course of investigating the scam, initiated a non-conviction based forfeiture process which culminated in a December 1, 2020 ruling by Justice I.N Buba of the Federal High Court, Enugu, orderin...
Eight people have been killed in a night attack by unidentified assailants at a mining site in Kuru, Jos South Local Government Area of Plateau. The incident was said to have occurred on Friday night. Governor Simon Lalong has directed security agencies in the state to fish out the perpetrators of the act. He said the attack was another desperate attempt by criminals to destabilize the state and create fear among the people. While commiserating with the families of those killed and those who sustained injuries, Lalong reiterated his charge to security agencies to resolve such attacks as excuses of “unknown gunmen” will no longer be tolerated. Governor Lalong also advised the citizens to assist law enforcement agencies with useful intelligence, leveraging on structures such as the tradition...
Governor Samuel Ortom Monday cautioned against anyone politicizing last Saturday’s attempt on his life by gunmen at Tyo-Mu community in the outskirts of Makurdi town along Makurdi-Gboko road. He stressed that the level of insecurity in the country was a clear indication that Nigeria was sitting on a gun powder and everyone must be conscious to avert an implosion. The Governor who spoke at the end of an emergency State Security Council meeting held in Makurdi, appealed to Benue people to be calm and await the outcome of the investigation being carried out by the Police as directed by the Inspector General of Police, IGP. The Governor who said he was still in shock, lauded the Presidency, the Inspector -General of Police, IGP, as well as the array of groups including Nigeria Govenors’ Forum,...
The consumer price index, which measures the rate of increase in the price of goods and services, increased to 17.33 percent in February. This is the highest point since April 2017. According to the CPI/Inflation report released by the National Bureau of Statistics (NBS) on Tuesday, the food inflation stood at 21.79 percent, the highest point since the 2009 data series began. According to the NBS, food inflation also grew by 21.79 percent year-on-year compared to 20.57 percent recorded in January. The headline inflation for month-on-month also increased to 1.89 percent from 1.83 percentage points. It explained that the upward movement in food inflation was caused by increases in the prices of bread, cereals, fish, potatoes, yam and other tubers, vegetables, meat, oils and fats, fruits and ...
The Osun Government has condemned the killings of six family members at Wasinmi in Irewole Local Government Area of the state by unknown gunmen. Newsmen report that the Police Command in the state had confirmed the killings which took place on Saturday night. Mr Benedict Alabi, the state Deputy Governor, who paid a condolence visit to the bereaved family on Sunday, described the killings as disheartening and unfortunate. Alabi, who was received by scores of family members of the deceased and some leaders in the community, described the incident as a case of brutal assassination. The deputy governor assured the community that the perpetrators would be brought to book in no distant time. He added that the state government had ordered the security agencies in the state to fish out the perpetr...