•A girl and a boy carry a piece of furniture after visiting their house that was destroyed by floods The number of people who have lost their lives in floods in Kenya has risen to 188, the interior ministry said today, as the country continues to battle heavy rains. Many parts of the East […]
•Boat mishap The death toll from the sinking of a makeshift ferry boat off the north coast of Mozambique has risen to 96, local authorities said today. The converted fishing boat, carrying about 130 people, ran into trouble on Sunday as it was trying to reach an island off Nampula province, officials said. “Five more […]
•A Lagos market The inflation rate has moved to 31.70 per cent in February, according to the latest data by the National Bureau of Statistics (NBS). The Bureau released the figure today, with the latest data showing a rise from the 29.90 per cent recorded in January 2024. According to the ‘Consumer Price Index and […]
•Cooking gas cylinders A newly released report by the Nigerian Bureau of Statistics (NBS) has said the price of the Liquefied Petroleum Gas (LPG) otherwise known as cooking gas increased by 12 per cent from N4,589 in one year. The report titled ‘Liquefied Petroleum Gas (Cooking Gas) Price Watch (January 2024)’, said while the price […]...
•Inflation rate Inflation closed 2023 at a 21-year high of 28.92 per cent, the National Bureau of Statistics has disclosed. In December 2023, Nigeria’s headline inflation rate rose to 28.92 per cent from 28.20 per cent in November 2023. This signified a 0.72 percentage point increase when compared to November 2023. According to inflation data ...
•Local rice The increasingly high cost of production, transportation and other factors have caused the price of one kilogramme of local rice to jump by 73.2 per cent in one year, according to findings. This happened despite a multi-billion naira funding support of the Central Bank of Nigeria for the nation’s rice value chain aimed […]...
The National Bureau of Statistics (NBS) today Tuesday, December 26, said that average airfare paid by passengers rose by 61.27% in 12 months. Its report titled: “Transport Fare Watch for November 2023,” which made the disclosure yesterday noted that “On a year-on-year basis, the fare rose by 61.27% from N3,848.48 in November 2022.” The NBS [&h...
The total domestic debt stock may have risen by 133.95 per cent to N51.96tn as of the end of 2023. This is based on new revelations by the Director-General of the Debt Management Office, Patience Oniha. While speaking to CNBC Africa on the sidelines of the discussions for the establishment of the African Debt Managers […]
The National Bureau of Statistics (NBS) today Friday, December 15, said the inflation rate rose from 27.33% in October 2023 to 28.20% in November 2023. This was contained in its document tagged: “CPI and Inflation Report November 2023.” The report said: “In November 2023, the headline inflation rate increased to 28.20% relative to October 2023...
•CBN governor, Yemi Cardoso The manufacturing sector suffered a 400 percent increase in net foreign exchange loss to N466 billion in nine months ending September, reflecting the severe impact of the foreign exchange (Forex) market regime. Sector operators said the current forex situation has compounded the pressures emanating from the removal ...