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Trending News: WE’RE NOT OFFERING N25,000 CHRISTMAS GIFT – ABIA GOVT20 FEARED DEAD IN ANAMBRA COMMUNITY AS RICE DISTRIBUTION CAUSES STAMPEDEPETER OBI OFFERS TO MEET DELE FAROTIMI’S BAIL CONDITIONSWE’VE ACHIEVED 80% SUCCESS AGAINST KIDNAPPING – RIBADUTHERE’RE HONEST POLICE OFFICERS IN NIGERIAPH REFINERY SHUTS DOWN AGAIN AFTER $1.5BN REHABILITATIONNIGERIA’S MOBILE SUBSCRIPTIONS HIT 157.3 MILLION IN OCTOBER, MTN AIRTEL GAINJUBILATION AS FORMER KOGI GOV, YAHAYA BELLO, ACCUSED OF STEALING N110.4BN GOVT MONEY IS RELEASED ON BAILEKITI MAGISTRATE COURT CLAIMED RULING ON DELE FAROTIMI’S BAIL APPLICATION MISSINGSOARING COSTS, SHRINKING INCOME DAMPEN YULETIDE CELEBRATIONSWE BUDGETED N213BN FOR ROAD NOT N55BN – ENUGU GOVTHOW TINUBU’S N1B OFFER TO NASS MEMBERS AVERTED TAX REFORM BILLS SHOWDOWN DURING BUDGET PRESENTATIONNORTH IMPOVERISHED BY ITS POLITICAL LEADERS FOR OVER 40 YEARS – DOGARACOURT RESTORES SUSPENDED EDO LG CHAIRMENAPPEAL COURT FINES MTN N15 MILLION OVER UNSOLICITED MESSAGESCUSTOMS HAS NO RIGHT TO CONFISCATE FOREIGN RICE IN OPEN MARKET – COURT OF APPEALAT LAST, DELE FAROTIMI IS GRANTED BAILTINUBU REDEPLOYS 11 PERMANENT SECRETARIESHOW NIGERIAN SOLDIERS INVADED, DESTROYED MY RESIDENCE AT 2.30 AM, UCHE ANYA, ENUGU AGENCY BOSSENUGU GOVT MAPS OUT N146BN FOR EQUIPPING ITS SMART SCHOOLS IN 2025MARKETERS EXPECT CHEAPER PETROL AS DANGOTE CUTS PRICE TO N899.50/LITREDSS DIDN’T INVITE STATISTICIAN-GENERAL – NBSFG PLANS TO SLASH INFLATION FROM 34% TO 15% IN 2025KEMI BADENOCH AND THE NIGERIAN POLICEREVOKED ABUJA LAND DOESN’T BELONG TO ME – BUHARIGOVERNORS LACK POWER TO REMOVE LG CHAIRMEN – FGPEOPLE CURSE ME, MY FAMILY OVER TAX REFORM BILLS – OYEDELETAX REFORM BILLS DIVIDE FEDERAL LAWMAKERSNORTH-WEST HIGHEST IN CRIME INCIDENTS, SOUTH-EAST LOWESTABUJA DEMOLITION, SOLDIERS ATTACK WIKE’S MEN CART AWAY VEHICLEWE’RE INVESTIGATING IBADAN CARNIVAL STAMPEDE WHERE 32 CHILDREN DIED – POLICEPOLICE DETAIN PRINCIPAL OVER IBADAN CHILDREN CARNIVALS STAMPEDEINVESTIGATION SHOWS SEVEN REASONS BVAS MAY NOT WORK IN NIGERIADANGOTE REDUCES PETROL PRICE TO N899 PER LITREWIKE REVOKES PLOTS BELONGING TO BUHARI, ONNOGHEN, ABBAS, AKUME, OTHERSNO TO RENAMING OF UNIABUJA AFTER GOWON – ABUJA INDIGENOUS STUDENTSWHO RAISES CONCERN OVER RISING DIABETES IN NIGERIAKEMI BADENOCH WAS RIGHT, NIGERIAN POLICE STOLE MY PHONE IN 2019, BY ELIAS OZIKPUFG TO LAUNCH CONTACTLESS PASSPORT APPLICATION IN FOUR STATES NEXT MONTH – TUNJITINUBU RECONSTITUTES 12 RIVER BASINS, NAMES 72 APPOINTEESBUHARI, FRIEND OF THE POOR, DIDN’T REMOVE FUEL SUBSIDY – FEMI ADESINATINUBU WILL USE ARTIFICIAL INTELLIGENCE TO FIGHT TERRORISTS IN 2025 – SENATOR JIMOH IBRAHIMDANGOTE REFINERY, NNPCL RESUME FIGHT OVER $1B DOLLAR LOANNIGERIA’S NATIONAL BUREAU OF STATISTICS WEBSITE HACKEDOVER HALF OF NIGERIANS WANT TO LEAVE THE COUNTYYOU’RE ALL REELECTED, BUHARI TELLS LAWMAKERS, AFTER ADDRESSING THEM AS 11TH ASSEMBLYMANY CHILDREN FEARED DEAD IN IBADAN CARNIVAL STAMPEDETINUBU PRESENTS N47.96TRN 2025 BUDGET TO NATIONAL ASSEMBLYFORM ALLIANCE AGAINST TINUBU – LUKMAN TELLS OBJ, IBB, GEJ, BUHARI, GOWONDRAMA AS LAWMAKERS STOP RENDITION OF TINUBU’S ANTHEM DURING BUDGET PRESENTATIONFG APPROVES N30BN MECHANISED FARMING FOR 30 AGRIC UNIVERSITIESMTN PAYS N200BN MONTHLY IN VAT – TAX COMMITTEEWHY NNAMDI KANU’S RELEASE MAY NOT END INSECURITY IN SOUTH EAST – SOLUDOBIZZARE! WOMAN WHO SLEPT WITH 100 MEN IN A DAY EYES WORLD RECORDFOOD PRICES RISE TO 60.88% UNDER TINUBU614,937 NIGERIANS KILLED, 2.2M ABDUCTED IN ONE YEAR – NBSHOW I KILLED 76 WOMEN FOR FORTIFICATION – MYSTERIOUS IBADAN MANNO SUFFICIENT REASON FOR CONTINUED DETENTION OF NNAMDI KANU – OHANAEZESENATE MOVES TO BAN USE OF DOLLAR, OTHER FOREIGN CURRENCIES IN NIGERIAIGP BANS POLICE FORM PHONE CHECKS, ARBITRARY ARRESTSDESPITE LOCAL REFINERIES, NIGERIA SPENDS N9.1 TRILLION ON PETROLEUM IMPORTATIONNIGERIANS PAID N2.23 TRILLION RANSOM TO KIDNAPPERS IN 12 MONTHS – NBSCBN SET DAILY WITHDRAWAL LIMIT MONEY ON POS TO N100K PER CUSTOMEREDO ASSEMBLY SUSPENDS LG CHAIRMEN OVER GOVERNOR’S PETITIONLAGOS GOVT SEALS THE LORD’S CHOSEN, CELESTIAL CHURCH, HOTELS OVER NOISE POLLUTIONUNIZIK LECTURER, DR CHINEDU, SHOT DEAD BY CAR-SNATCHING SYNDICATENYSC MEMBER SLUMPS, DIES AT KEBBI ORIENTATION CAMPUNIABUJA, UNILAG, FUTA, OTHER RENAMED UNIVERSITIES THAT GENERATED CONTROVERSYNIGERIA LEADS WORLDWIDE IN CRYPTO OWNERSHIPRESIDENT NON-INDIGENES DECLARE 15 ANAMBRA LGAS INSECURENNPCL SUPPORTED DANGOTE REFINERY ESTABLISHMENT WITH $1 BILLION LOAN – OFFICIALEFCC ARRESTS 193 FOREIGNERS, 599 SUSPECTED NIGERIAN CRYPTO FRAUDSTERSCONFUSION AT CCT AS TWO MEN PARADE SELVES AS TRIBUNAL CHAIRMANBENIN REPUBLIC ELECTORAL COMMISSION IN NIGERIA TO UNDERSTUDY INECTOUGH FESTIVE SEASON AWAITS NIGERIANS AMID UNTAMED INFLATION SPIKETINUBU ASKS NIGERIAN MEDIA TO SUPPORT TAX REFORMS, LISTS BENEFITSENUGU SEEKS UNESCO HERITAGE STATUS FOR MILLIKEN HILL, IVA VALLEY, OTHER SITESTINUBU APPOINTS EIGHT NEW PERMANENT SECRETARIES FOR FEDERAL CIVIL SERVICEPURGE YOURSELF OF BAD EGGS, ADVICE TO JUDICIARYENUGU GOVERNOR, PETER MBAH, UNVEILS STATE GEOGRAPHIC INFORMATION SYSTEMFEC APPROVES N47.96 TRILLION BUDGET FOR 2025ADEMOLA LOOKMAN CROWNED 2024 CAF PLAYER OF THE YEARGOVERNORS AWARE OF ROADBLOCKS WE MOUNT – POLICEDEFENCE CHIEF ORDERS INVESTIGATION INTO DEATH OF OKUAMA LEADERS IN MILITARY CUSTODYNORTH GROSSLY UNDERDEVELOPED -SANUSIBUHARI WAS USED, DUMPED, MADE STRANGER IN HIS GOVT – EX-MINISTER DALUNGTINUBU’S POLICIES, PATHWAY TO POVERTY – GOVNIGERIA’S INFLATION RATE SPIKES TO 34.60 PERCENT IN NOVEMBER AMID HARDSHIPSUPREME COURT IMPOSES N5M ON EX-PRESIDENT CANDIDATE FOR HARASSING TINUBU WITH FRIVOLOUS SUITSEX-GOVERNOR BONI HARUNA DENIES BRIBERY ALLEGATION OF 2004 ADAMAWA GUBER ELECTION PETITIONWIKE’S AIDE CARPETS WOMAN OVER ABUJA LAND, SAYS SHE WANTS TO INHERIT LAND THAT DIDN’T BELONG TO HER HUSBANDFG OVERSHOOTS 2024 BORROWING TARGET BY N4 TRILLIONDELE FAROTIMI DID NOT SEND ME TO PETER OBI TO BEG AFE BABALOLA – LAWYERTHIRTY-TWO STATE GOVERNORS PROPOSE N21.9TRN BUDGET FOR 2025GALE OF DEFLECTIONS: LABOUR PARTY SUFFERS HUGE SET BACK AHEAD OF 2027COUNCIL CHAIRMEN ALLEGEDLY HALT CONSTRUCTION OF FG’S N40B METHANOL PLANT PROJECT IN ENUGUECOWAS APPROVES EXIT OF NIGER, MALI, BURKINA FASOKEMI BADENOCH: LIKE DAUGHTER, LIKE FATHERX-RAYING PETER MBAH’S TOWN HALL MEETING, BY DONS EZENIGERIA CLEARS N85BN, $54M ECOWAS LEVY AFTER 19 YEARS

NIGERIA’S INFLATION RATE SPIKES TO 34.60 PERCENT IN NOVEMBER AMID HARDSHIP

Dons Eze
Business
December 16, 2024
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NIGERIA’S INFLATION RATE SPIKES TO 34.60 PERCENT IN NOVEMBER AMID HARDSHIP

Nigeria’s inflation rate for the month of November 2024 rose to 34.60 percent from 33.88 percent in October, indicating worsening hardship for Nigerians.

This is according to the National Bureau of Statistics’ latest Consumer Price Index and Inflation for November.

The report showed that the country’s headline or all-items inflation increased by 0.72 percent on a month-on-month basis.

Also, Nigeria’s inflation increased by 6.40 percent compared to 28.20 percent recorded in November 2023.

The rise in prices of food items pushed food inflation to 39.93 percent in November from 39.19 percent in October.

The report also showed that urban and rural inflation stood at 37.10 percent and 32.27 percent, respectively.

The increase in Nigeria’s inflation comes amid the Central Bank of Nigeria’s monetary policy interventions.

The apex bank, led by Olayemi Cardoso, consistently had a hike in interest rates with rising inflation as justification.

The latest hike was in November when the CBN 297th Monetary Policy Committee decided to raise the country’s interest rate to 27.50 percent from 27.25 percent.

Despite CBN’s monetary interventions, the prices of goods and services have remained elevated, impacting the cost of living for the majority of Nigerians.

Meanwhile, in July and August 2024, Nigeria witnessed declining inflation rates.

Dons Eze

DONS EZE, PhD, Political Philosopher and Journalist of over four decades standing, worked in several newspaper houses across the country, and rose to the positions of Editor and General Manager. A UNESCO Fellow in Journalism, Dr. Dons Eze, a prolific writer and author of many books, attended several courses on Journalism and Communication in both Nigeria and overseas, including a Postgraduate Course on Journalism at Warsaw, Poland; Strategic Communication and Practical Communication Approach at RIPA International, London, the United Kingdom, among others.

Dons Eze
Business
December 21, 2024
39 views

NIGERIA’S MOBILE SUBSCRIPTIONS HIT 157.3 MILLION IN OCTOBER, MTN AIRTEL GAIN

NIGERIA’S MOBILE SUBSCRIPTIONS HIT 157.3 MILLION IN OCTOBER, MTN, AIRTEL GAIN Nigeria’s mobile subscription base increased to 157.3 million in October 2024 from 154.6 million in September, signaling the beginning of recovery after months of decline. The growth was driven by two network operators, MTN, and Airtel, that recorded an increase in their subscriber base in the month under review. This followed an extensive audit conducted by the Nigerian Communications Commission (NCC), and the implementation of the NIN-Sim linkage exercise, which plunged the country’s subscriptions database by 64.3 million lines between March and September. With the growth in actively connected lines recorded by the operators, the country’s teledensity, which measures the number of active telephone connections per 100 inhabitants living within an area, also rose to 72.7% from 71.46% recorded in September. According to NCC, the teledensity is calculated based on a population estimate of 216 million. How the operators fared The NCC’s statistics show that MTN, which is the largest operator by subscriber number, boosted the total industry database with a 2.2 million increase in its subscriptions. This brought its total active subscriptions to 80.3 million from 78 million it recorded in September 2024. What you should know Aside from the NIN-SIM linkage exercise which ensured that all SIMs not linked with the users’ NIN were disconnected from the networks, the NCC said it also carried out an audit on the telco’s databases, which led to the huge decline in the country’s subscription number from 219 million in March this year to 154 million in September. While noting that the audit aimed to eliminate inactive and improperly registered lines, the NCC in the process, said it discovered that one network operator had misclassified approximately 40 million inactive subscribers as active. These lines had generated no revenue for over 90 days, breaching the NCC’s guidelines for determining active users and distorting industry data.

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Dons Eze
Business
December 20, 2024
48 views

MARKETERS EXPECT CHEAPER PETROL AS DANGOTE CUTS PRICE TO N899.50/LITRE

MARKETERS EXPECT CHEAPER PETROL AS DANGOTE CUTS PRICE TO N899.50k/LITRE There is cautious optimism among Nigerians over reduction in fuel price following the decision of Dangote Refinery to slash price in what it called a Christmas/New Year bonanza. Dangote had reduced the price to N899.50k per litre, to provide the much-needed relief for Nigerians ahead of the holiday season. In a statement issued by the Group Chief Branding and Communications Officer of Dangote Group, Anthony Chiejina, the company also introduced a special offer to further benefit consumers. In addition to the holiday discount, Dangote Petroleum Refinery is allowing consumers to purchase an additional litre of fuel on credit for every litre bought on a cash basis. “To alleviate transport costs during this holiday season, Dangote Refinery is offering a holiday discount on PMS. From today, our petrol will be available at N899.50 per litre at our truck loading gantry or SPM. Furthermore, for every litre purchased on a cash basis, consumers will have the opportunity to buy another litre on credit, backed by a bank guarantee from Access Bank, First Bank, or Zenith Bank,” said Chiejina. Daily Trust reports that the Nigerian Petroleum Company Limited (NNPCL) had earlier slashed its price from N1,025 in Lagos to N1,010. Similarly, most major marketers have reduced their prices though none of them is selling below N1,000 at the moment. Experts say the development represents the gain of deregulation, saying the decision by Dangote would further crash the price of PMS. Speaking with our correspondent, National Public Relations Officer of IPMAN, Alhaji Olanrewaju Okanlawon told our correspondent that the effect of the reduction by Dangote should be expected next week. Energy expert, Dr. Ayodele Oni stated that the reduction in prices “May alleviate public dissatisfaction and bolster confidence in the deregulation process.”

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