Economy

Nigeria’s Annual Inflation Rises To 12.26% Y/Y In March

Nigeria’s annual inflation in March rose for a seventh straight month, the statistics office said on Tuesday, as border closures continued to push prices higher. Inflation rose to 12.26% year on year, up from 12.20% in February and the highest since April 2018, when it stood at 12.48%. Food inflation grew to 14.98% year on year, up from 14.90% in February, the figures showed. The increases were driven primarily by a land border closure that began in August 2019, shutting out all trade in goods in an effort to stamp out smuggling of banned items such as rice coming in…
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I see revolution if FG refuse to restrategise over lockdown effects – Kalu

A PDP Chieftain and Director General, Atikulated Agenda Worldwide and Global Initiative for Good Governance, Chief Dr Emeka Kalu has continued to sound alarm to possible aftermath of the poorly managed approach of the Federal Government towards the real effects of the lockdown Nigerians have continued to experience close to a month running. Yesterday, he made revelations on the insincerity of the government officials and security personnel who have turned the lockdown situation into business by converting themselves to commuters who ferry people from one destination to another to beat lockdown, but fail to remind themselves that even them could…
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COVID-19: ‘Hunger may kill Nigerians’ – Nnamdi Kanu reacts to lock down

COVID-19: ‘Hunger may kill Nigerians’ – Nnamdi Kanu reacts to lock down

Nnamdi Kanu, leader of the Indigenous People of Biafra, IPOB, has reacted to the lock down in a bid to tackle the spread of Coronavirus. Kanu lamented that hunger may kill poor Nigerians as a result of the lock down. In a post on his Facebook page, the IPOB leader stated that government should be more particular about the welfare of Nigerians. Recall that President Muhammadu Buhari and some state governors had ordered a lockdown as a measure to curb the spread of COVID-19 across the country. However, Kanu in a post wrote: “There must be something wrong with the brain of…
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COVID-19: UBA Foundation donates N28.5m to Abia State.

COVID-19: UBA Foundation donates N28.5m to Abia State.

TheAbiaInfo. In recognition of the stringent effort and measures so far taken by the Governor Okezie led administration to ensure that Abia State is secured against the globally ravaging corona virus (COVID 19), the United Bank of Africa Foundation, has donated a N28.5m (Twenty-Eight Million Five Hundred Thousand Naira) only to the state. Though Abia State is among states within the federation that has no record case of COVID-19, the UBA Foundation in a letter addressed to the State Governor, Dr. Okezie Ikpeazu, by the MD/CEO of the foundation, Bola Atta, recalled that the virus presents a serious risk to…
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Physical Bio-metric Verification of Pensioners begins today in Abia.

Physical Bio-metric Verification of Pensioners begins today in Abia.

Pension Bio-metric Verification Exercise in the State that will enable and sustain the efforts of government in payment of pensions through the production of a credible database on pensioners in the State has kick started. The team is expected to cover the entire State on or before 27th of March 2020. All pensioners will be captured in their respective branches across the 3 Senatorial zones starting with Aba today, followed by Ohanze, Osisioma, Okpuala Ngwa to other areas. The team is abreast of information on pensioners, what is expected of them. The exercise will harmonize those pensioners in diaspora and…
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