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 ...
File Photo The Chairman of the Peoples Democratic Party (PDP) in Anambra, Ndubuisi Nwobu, said the party remains focused to take over the state in the upcoming governorship poll. Nwobu said this in an interview with newsmen in Awka on Tuesday, adding that he would not be distracted by those trying to destabilise the party in the state. He lauded the National Executive Committee of the party for organising successful ward congresses in the state which he said was a sure step to the party’s free, fair and credible primary election. “We want to conduct our primary election, where party people will freely vote and produce a candidate that will be acceptable to Anambra people at the November 6 poll. “This is not (the) time for distractions. We are focused on taking over the government from the ...
President Muhammadu Buhari has said the hard choices made by his administration to tackle the coronavirus pandemic ravaging the world have yielded successful impacts. The president, who addressed Nigerians in a nationwide broadcast on Saturday to mark the 2021 Democracy Day, was referring to some measures, including travel restrictions across the states of the federation and beyond, compulsory use of nose masks, hand washing protocols and other relevant protocols instituted to limit spread of the virus. Mr Buhari said; “Our response to the pandemic involved making hard choices in balancing livelihoods and public health concerns. “You are all living witnesses to how successful this has been due to a number of proactive measures put in place. Our response to COVID-19 is globally acclaimed. “...
A bill seeking to prohibit bank employees from operating foreign accounts has passed second reading at the house of representatives. The bank employees’ declaration of assets act amendment bill also seeks to mandate the bankers to declare assets of their spouses and children less than 18 years old. The Economic and Financial Crimes Commission (EFCC) had in March ordered those in the banking sector to declare their assets in accordance with the act, raising questions as to the legality of such directive. Newsmen reported that the bank employees’ declaration of assets act requires bank board members, managing director, general managers, clerks, cashiers, messengers, cleaners, drivers, and any other category of workers — whether part‐time, casual or temporary — to declare their assets. Leadin...
The Nigerian Army has redeployed some of its senior officers in a major shakeup. Outgoing Army spokesperson, Mohammed Yerima, a brigadier general, made this known in a statement on Thursday. Notable amongst the new appointments was that of C.G. Musa, a major general, who was named the new Theatre Commander of Operation Hadin Kai, the counter insurgency operation in the North-east region. Also, Onyema Nwachukwu, a brigadier general, has now been appointed as the army spokesperson. Another brigadier general, A.M. Umar, was named the chief of staff to the COAS. The reshuffle, considered normal when there is a new leadership in the force, was expected when the Chief of Army Staff (COAS), Faruk Yahaya, a major general, was appointed on May 27. He replaced the late COAS, Ibrahim Attahiru, who di...
Manchester United are willing to listen to offers for goalkeeper Dean Henderson amid concerns over his attitude, Football Insider claims. The England international started last season as the back-up goalkeeper behind David de Gea, but he became a regular during the back end of the campaign. Despite this, he was ignored for the Europa League final against Villarreal. The club lost via a penalty shoot-out, with De Gea failing to save any of the 11 spot-kicks. Ahead of next season, the club are planning a radical overhaul of the goalkeeping department, and they have already released Sergio Romero and Joel Pereira. The club are also open to offers for Henderson and De Gea but acknowledge that they may struggle to offload the latter due to his hefty £350,000-a-week wages. Henderson is said to b...
Morocco’s foreign minister on Wednesday accused Spain of trying to turn a political crisis between the two countries into an EU problem by focusing on migration and ignoring the root causes. The row blew up in April after Spain admitted the leader of the Western Sahara independence movement, Brahim Ghali, for medical treatment without informing Rabat, which regards the disputed territory as its own. Morocco then appeared to relax border controls with Spain’s North African enclave of Ceuta on May 17, leading to an influx of at least 8,000 migrants. Since then Spain and Morocco have traded accusations of violating good neighbourliness, with Spain saying Morocco used the migrants while Rabat says Spain acted in connivance with “adversaries” of its territorial integrity. “Spain tries to Europe...