Despite fall in inflation, food prices remained high in December – NBS
The National Bureau of Statistics (NBS) on Friday said the prices of some food items in Nigeria increased in December. In December 2022, the headline inflation rate eased to 21.34 per cent compared to November 2022 headline inflation rate which was 21.47 per cent. In terms of trend, December 2022 inflation rate showed a decline of 0.13 per cent when compared to November 2022 inflation rate, NBS said in its inflation report. “On a month-on-month basis, the average price of this item increased by 1.07 per cent in December 2022,” the statistics office added. Cross-rivers recorded the highest average price of 1kg onion bulb at N1,013.96, while the lowest was reported in Kogi at N198.12.
Source:The Guardian
January 28, 2023 01:03 UTC
Nigeria loses $6.681bn during 2022 flood – World Bank Grade report
The report of the newly deployed World Bank Global Rapid Post Disaster Assessment Damage Estimation technology on the 2022 flood that ravaged the 36 States of the Federation and Federal Capital Territory (FCT) indicated that Nigeria lost the estimated sum of $6.681 billion as direct damages recorded between June and November 2022. According to the report, the flood affected residential buildings, non-Residential buildings, agriculture, and Infrastructure across the six geopolitical zones of the Federation. Hence the resolve to opt for Global Rapid Post Disaster Assessment Damage Estimation Report. He noted that the World Bank delivered the report in November 2022 while the Ministry, through NEMA, has started implementing some of the urgent findings and recommendations and embarked on consultations. He confirmed that the World Bank graciously acceded to the Ministry’s request.
Source:Nigerian Tribune
January 28, 2023 00:39 UTC
Redesigned naira policy not targeted at anyone — CBN replies Tinubu
Presidential candidate of the All Progressives Congress (APC) Bola Tinubu had on Wednesday during his campaign rally in Abeokuta, Ogun alleged that the new naira notes policy was an act of sabotage against his ambition. The last time that Nigeria redesigned notes was more than nine years ago and this is something that we normally do in a period of between five and seven years; so, nobody is being targeted. We have mandated all banks and we have given all banks enough redesigned notes to put into their ATMs. “Tuesday next week is the last day for the old notes. “This policy is for the masses, we want the masses to get the redesigned notes as and when they require.
Source:Nigerian Tribune
January 27, 2023 22:35 UTC
Sports - ‘I’m disappointed we couldn’t achieve more together’, Frank Lampard breaks silence after Everton sack - Punch Newspapers
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Source:Punch
January 27, 2023 19:37 UTC
EU, India pledge support to drive FDI to Lagos Free Zone | The Guardian Nigeria News - Nigeria and World News
The Indian High Commissioner to Nigeria, Shri G. Balasubramanian, and the European Union Ambassador to Nigeria and the ECOWAS, Ms. Samuela Isopi, have pledged their support to drive Foreign Direct Investment (FDI) to the Lagos Free Zone (LFZ). Balasubramanian, during an official visit to Lagos Free Zone, expressed satisfaction with the quality of infrastructure and investments in the Zone. “The Zone offers investors a unique opportunity, especially in tax benefits and exemptions. Also, during the visit, European Union Ambassador to Nigeria and the ECOWAS, Ms. Samuela Isopi, commended Tolaram – the promoters of Lagos Free Zone, for the achievements recorded so far. The Chief Executive Officer of Lagos Free Zone, Dinesh Rathi, described the Zone as the best investment destination in Nigeria for foreign direct investment.
Source:The Guardian
January 27, 2023 03:29 UTC
UN warns against hate speech ahead elections
The United Nations has advised Nigerians to abstain from hate speech, adding that the consequences are severe as electioneering campaigns for the general elections intensify. He stressed, “In Nigeria, with national elections imminent, we must be watchful for any upsurge in hate speech and disinformation, particularly if tensions were to rise between political, regional, or ethnic groups. From historical experience, we know that atrocities have been preceded by hate speech. “Hate speech is a threat to our cherished values, to the cohesion of our societies, and the lives of our most vulnerable, especially women and girls. The alarm bells were ringing from the very beginning; hate speech and disinformation; contempt for human rights and the rule of law; the glorification of violence and tales of racial supremacy; disdain for democracy and diversity.”
Source:Punch
January 27, 2023 02:51 UTC
Indian High Commissioner, EU Ambassador pledge support to drive FDI to Lagos Free Zone
They both made this know during an official visit to Lagos Free Zone in Lagos on Friday, January 20, 2023. Also, during the visit, European Union Ambassador to Nigeria and the ECOWAS, Ms Samuela Isopi, commended Tolaram -the promoters of Lagos Free Zone, for the incredible achievements recorded so far. We are glad that foreign investors can now find a one-stop shop where all they need in the processing, energy autonomy, and skill sets are available. In his welcome remarks during the visit, the Chief Executive Officer of Lagos Free Zone, Dinesh Rathi, described the Zone as the best investment destination in Nigeria for foreign direct investment. “Lagos Free Zone offers many competitive advantages and incentives for investors interested in locating their businesses in the Zone; these include single-window clearance for regulators, enabling infrastructure, the opportunity to live-work-play, and access to global markets.
Source:Nigerian Tribune
January 26, 2023 20:58 UTC
2023 Presidency: With or without fuel hike, I’ll win — Tinubu
“You may change the ink of naira notes. He also said there is a plot by some saboteurs to stop the 2023 general elections from holding. You may change the ink of naira notes. ALSO READ: Fuel scarcity: Fish out oil marketers, economic saboteurs – Reps tell security agencies“They said petrol will rise to N200/litre and N500/litre, let your mind be at rest. “They thought they could cause trouble; they sabotaged fuel but with or without fuel, with or without motorcycles and tricycles, we will vote and win.
Source:Nigerian Tribune
January 26, 2023 12:43 UTC
Worsening fuel crisis
Across the country, most filling stations have been shut, and long queues at stations where fuel is available at all are impeding traffic flow even as desperate fuel seekers get into fisticuffs. Largely because December fuel crisis has not often extended to the last days of January, the situation across the country right now is one of agony, if not chaos. It is quite disappointing and regrettable that the fuel crisis that the country has been experiencing months before the end of 2022 is still biting today, well into the new year. Nigerians are in pains, having to bear the agonies of a fuel crisis alongside pervasive insecurity and a fast deteriorating economy. There is no visible sign that it has been doing this at any level and it would be important for it to resume its governing responsibilities by ending the persisiting fuel crisis.
Source:Nigerian Tribune
January 26, 2023 10:30 UTC
Voting for Atiku will be mistake, says whistleblower
A whistleblower, Michael Achimugu, has said he exposed the corruption allegation against the presidential candidate of the Peoples Democratic Party, Atiku Abubakar, to prevent Nigerians from making a great mistake by voting for him. Atiku had admitted in a recorded phone call that he was involved in taking advantage of federal contracting expenditures. Atiku could be heard saying, “You see, what happened was when we came into the office, I advised the president against open corruption. Second, it is to warn Nigerians and educate them before the elections to prevent them from making the greatest mistake ever. “If Nigerians think that they have seen corruption before, let them wait until they make the mistake of voting the Atiku family into office.
Source:Punch
January 26, 2023 10:05 UTC
Eight schoolchildren die in Ghana boat accident
Eight schoolchildren in Ghana’s Bono East Region were killed after the boat taking them to school capsized on the Volta Lake, officials confirmed. National Disaster Management Organization told newsmen that the eight, five boys and three girls aged five to 12, were among 20 pupils who were on their way to school in Wayokope, a community across the lake. The coordinator of NADMO, Ibrahim Wudonyim, said the Marine Police Unit of Ghana Police Service, assisted by some locals, has recovered the bodies of the deceased. Investigations are underway to find out the cause of the accident.
Source:Punch
January 26, 2023 08:31 UTC
ILO, maritime body adopt guidelines to improve seafarers’ welfare
New measures to improve conditions for seafarers, including those who have been abandoned, have been adopted at a meeting involving governments, maritime workers and employers’ organisations. The guidelines aim to improve coordination among countries, including flag states, port states, states in which seafarers are national or resident, and states in which recruitment and placement services operate, to resolve abandonment cases more quickly, including getting seafarers paid and repatriated home to their families. Under the MLC, 2006, flag States – countries where ships are registered and/or whose flag the ships are flying – must ensure a financial security system is in place for ships under those flags. The new guidelines encourage flag states to verify, at least yearly, the validity of financial security. The stakeholders include the relevant national seafarers’ welfare boards, shipping agencies, seafarers’ and shipowners’ organisations, seafarer welfare organisations, seafarer recruitment and placement services and others.
Source:The Guardian
January 26, 2023 03:51 UTC
Moldovan Vladislav Gradinari makes snooker history at age of 14
Moldovan teenager Vladislav Gradinari went from a country with just “three or four” snooker tables to becoming the youngest player to win a televised match. The 14-year-old beat three-time women’s world champion Ng On-yee in the first round of the one-frame BetVictor Snooker Shootout in Leicester. The momentous victory sees Gradinari, who lives in Leeds, advance into the next round at the Morningside Arena as he explained snooker is not the most accessible sport in his homeland. “It is not really popular, we have three or four tables in the whole country,” the reigning England under-14 champion told World Snooker Tour. Iran’s Hossein Vafaei beat Williams last year but will not retain his title after losing to former world champion Shaun Murphy.
Source:The Guardian
January 25, 2023 22:26 UTC
Old naira notes: Emefiele says January 31 deadline stays, NASS wants July 31 new date
“We believe 100 days are adequate for people to turn in their old naira notes. This time, the Senate specifically asked the CBN to extend the deadline for withdrawal of old naira notes from circulation to July 31, 2023. It said the six months ex- tension would especially allow those in rural areas more time to change their old notes. The Senate also urged the CBN to compel commercial banks to open naira exchange windows for those without bank accounts to exchange their old naira notes. In fact, we will penalise you if you give out old notes.
Source:Nigerian Tribune
January 25, 2023 17:38 UTC
Attempted Assassination: You talk too much, Apostle Suleman replies Regha
Founder and president of Omega Fire Ministries, Apostle Johnson Suleman has described social media commentator, Daniel Regha, following refusal to make public names of those behind his assassination attempt. Suleman, in a video clip posted on his verified Twitter handle, said seven people, including three police officers, were killed in the attack. You talk too https://t.co/EuzOKQAA0R shades.. pic.twitter.com/qJn7tcn7F0 — Apst Johnson Suleman (@APOSTLESULEMAN) January 22, 2023Meanwhile, Nollywood actress, Halima Abubakar has finally spoken out about her relationship with the founder of the Omega Fire Ministry, Apostle Johnson Suleman. According to her, she had received a phone call from Apostle Suleman asking her to be his friend. After four months of communication, he (Apostle Suleman) allegedly sent her 500,000 to indicate that he was serious about their relationship.
Source:Nigerian Tribune
January 24, 2023 18:37 UTC