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Nigeria’s inflation drops to 17.93 percent

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 ...

Omashola: How I fought gun-wielding men who tried to rob me

Former BBNaija housemate, Omashola, has narrated how he fought two suspected gunmen who tried to rob him some weeks back. In an Instagram post on Monday, the reality TV star stated that the incident happened when he was about driving home after attending an event. Omashola, who is also a model, stated that in the process, the two men had stopped him abruptly and tried to take away his valuables. According to him, sensing that he was seemingly helpless, he mustered the courage to engage his attackers in a fight. Although, the reality TV star did not disclose how it ended, he stated that his phone got damaged during the face-off. He further disclosed that he regretted his decision at the time because one of the two men was holding a gun. He wrote: “Weeks back I was about to enter my car and ...

TUC opposes sale of Port Harcourt refinery

File Photo The Trade Union Congress (TUC) is opposed to the sale of the Port Harcourt Refinery as canvassed by many Nigerians, its secretary-general, Musa Lawan, has said. The Federal Executive Council last week approved $1.5 billion (about N600 billion) for the rehabilitation of the 210,000 barrels per day refinery. The FEC approved the amount at its virtual meeting presided by President Muhammadu Buhari. The approval came amidst a controversial price increase in the pump price of petrol that was later reversed. Although Nigeria has four refineries, all government-owned, it currently imports virtually all its refined petroleum products. The approval for the Port Harcourt Refinery was greeted with mixed feelings as the country in the past spent billions of dollars on refinery maintenance w...

Eko DisCo explains outage in Badagry

The management of Eko Electricity Distribution Company (EKEDC) has attributed the outage in Badagry and its environs to early downpour, which destroyed over 20 electric poles along Agbara-Badagry expressway. The General Manager, Corporate Communications, EKEDC, Mr Godwin Idemudia, said on Thursday in Lagos that the March 8 morning rainfall caused serious damage, which damaged the company’s installation in the area. Idemudia said fallen poles had been removed and the company’s technical team was already working hard resolve the problem. The general manager assured residents that electricity supply would be restored to the affected communities after the repair. According to him, the affected areas in Badagry town, Ajara communities, Vrekete, Cele Keta, Poshukor, Zogbakame, Finayon, Vetho, Iy...

Lagos panel okays Lekki toll gate reopening

The Judicial Panel of Inquiry set up by the Lagos State government to investigate the October 2020 Lekki shooting incident has approved the reopening of the Lekki Tollgate. The nine-man panel returned the control of the tollgate to the Lekki Concession Company, the operators, on Saturday. The company, through its counsel, had been praying the panel to allow it to take over the plaza for repair and insurance claims since December 2020. But the panel said the toll plaza could not be handed over as a forensic expert has been paid by the Lagos state government to examine the toll gate with respect of the October 20 shooting incident. The prayer of the LCC was answered on Thursday when the panel gave the company access to reopen the toll gate. The report of the forensic examination, which was m...

Dangote completes Nigeria’s longest concrete road

Makamba Online The Dangote Group has completed Nigeria’s longest rigid pavement located in Kogi State. It is the first of its kind, top engineers say. The 43KM Obajana-Kabba road constructed by Dangote Industries Limited (DIL), has been described by motorists as the country’s most strategic highway that is aiding travellers between the North and the South. Olatunbosun Kalejaiye, the Project Director, said he was excited that the Corporate Social Responsibility Project is being delivered for use by Nigerians, adding that while the rigid pavement has been completed, the company was dressing the shoulders. Site Engineer Samuel Obosi assured that the dual carriage way will be durable and less susceptible to potholes and repairs like asphalt road, adding that it would crash the rate of road acc...

Osun mechanic to die by hanging for armed robbery

An Osun State High Court sitting in Ilesa, on Thursday, sentenced a 29-year-old mechanic, Sola Emorua, to death by hanging for armed robbery. The defendant was first arraigned before Justice Isiaka Adeleke on January 29, 2018, on two counts of conspiracy and armed robbery. Justice Adeleke, in his judgment after a trial that lasted almost three years, said the prosecution had proved its case beyond reasonable doubt and subsequently sentenced Emorua to death. The lead prosecution counsel from the Ministry of Justice, Motolani Sokefun, had told the court that the convict and others at large, on May 7, 2015 around 5.30pm in Osu, on the Ilesa-Akure Expressway, while armed with weapons, robbed a tanker loaded with 33,000 litres of kerosene belonging to one Ismaila Azeez. The counsel further expl...

Nigeria loses 250,000 babies to preventable, treatable causes annually – experts

Despite the global efforts to end preventable newborn deaths by 2030, through the Sustainable Development Goal 3.2, experts have raised the alarm that Nigeria loses over 250,000 babies yearly due to preventable and treatable causes, even as the country ranks second highest globally in infant deaths. According to a Professor of Paediatrics at the College of Medicine University of Lagos, and Clinical Lead, Newborn Essential Solution and Technologies, NEST360, Professor Chinyere Ezeaka, with current slow progress, it may take Nigerian 100 years to meet the goal. Ezeaka identified causes of newborn deaths in Nigeria to include prematurity, infections, birth asphyxia, congenital abnormalities among others, she said these would be reduced with the wide-scale adoption of comprehensive newborn car...

Maritime workers to begin warning strike Monday

File Photo The Maritime Workers Union of Nigeria (MWUN) is to embark on a three-day warning strike from Dec. 7, to protest the deplorable state of access roads to seaports in Lagos State. In a communique it issued on Saturday in Lagos, MWUN said that the situation was no longer tolerable. The communique was signed by the President-General of the union, Mr Adewale Adeyanju, and the Secretary General, Mr Felix Akingboye. It was issued after MWUN’s National Executive Council (NEC) meeting in Lagos. According to the communique, the union had at various occasions drawn the attention of the relevant authorities to the bad roads. It said that the poor state of the access roads had made articulated vehicles to block them, putting other road users through pains of losing man-hours and facing risks ...