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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 ...

Nigerian government approves N9.2 billion premium for civil servants’ life insurance

The Federal Executive Council (FEC) has approved the sum of N9.2billion as premium to insurance companies that will manage the group life insurance for federal civil servants in the country. Minister of Information and Culture Lai Mohammed revealed this when he briefed State House correspondents on the outcome of the Council meeting which was presided over by President Muhammadu Buhari in Abuja on Wednesday. He said: “On behalf of the Head of Civil Service of the Federation, I will like to report that council today approved the award of contract for the appointment of insurance companies for group life assurance for federal government employees, public servants, para-military and the intelligence community for the year 2021-2022 in the sum of N9, 248. 995, 907. “This premium is for a perio...

Kaduna paralysed as NLC begins warning strike

Activities in Kaduna State have been paralysed as the five-day warning strike directed by the Nigeria Labour Congress (NLC) over irregular sacking of civil servants began on Monday. Checks revealed that schools, banks and other business premises had been closed. The National Union of Banks, Insurance and Finance Institutions Employees had directed its members to withdraw banking and insurance services in Kaduna state from Monday 17. The Zonal State Secretary of the union, Mr Adamu Danladi explained that the directive followed the NLC’s warning strike in response to what he described as Gov. El-Rufai’s “anti-workers policies”. He said that the withdrawal of services would continue until otherwise directed by the congress. Also, while some schools were closed, others were open but only a few...

Fake wine factory uncovered in Delta

The Delta State Police Command on Thursday said operatives have uncovered a factory where fake wine was being produced for public consumption. Acting Public Relations Officer of the Command, DSP Bright Edafe, who made this known in Asaba, said the suspected sole manufacturer of the fake wine was now cooling his heels in police custody. Edafe said operatives of the State Anti-Cult Unit (SACU) made the breakthrough during a sting operation in collaboration with civilian anti-cult volunteer corps. He said the suspect, one Kenneth Ajie, allegedly converted his house in Amadaga community in Ovwian, Udu, to the illegal factory where he produces the fake alcohol. The suspect, who produces fake wine in his house, operates without any license. ‘According to the suspect, he sells the wine for N300.0...

Activist asks court to compel Kano, others to refund VAT generated from alcohol

An Abuja-based activist, Sesugh Akume, has filed a suit before a Federal High Court in the nation’s capital, asking it to compel states that outlawed the sale of alcohol to refund the sums received through Value Added Tax imposed on alcoholic beverages. About 12 states practise Sharia law in Nigeria. They are Kano, Kaduna, Katsina, Kebbi, Sokoto, Borno, Yobe, Jigawa, Bauchi, Gombe, Zamfara and Niger. Based on Sharia law, some of the states prohibit the sale of alcoholic beverages and usually hold public events where bottles of alcoholic drinks are destroyed while gambling is also illegal. However, all the states receive VAT collected from alcoholic beverages sold in other states that permit the sale of the product. In an originating motion brought pursuant to Section 1(3), 4(5), 162(3), (4...

Expert: Excess alcohol intake injurious to health

A medical practitioner, Dr Akintunde Ogunfeyimi, has cautioned Nigerians against excessive intake of alcohol especially during the yuletide in order not to cause havoc to their health. Akintunde, the Chief Medical Director of Ondo State Specialist Hospital, Okitipupa, in Okitipupa on Thursday said that excessive alcohol consumption had diverse consequences. He said that people tend to take much alcohol especially during festivities in expression of their happiness and delight, but that such acts pose great health risks. “Series of diseases ranging from hypertension, kidney problem, liver problem, heart-related diseases, accidents and outright death can be the result of drinking too much alcohol and drinks with high alcohol content. “Alcohol can also affect the brains and the person will no...

Beirut seeks Christmas cheer after devastating year

Near the wreckage of Beirut’s port, a charity is bringing Christmas cheer to a city hammered by a devastating explosion, rising coronavirus infections and the worst economic crisis since Lebanon’s 1975-1990 civil war. The Solidarity Christmas Village, decked out with flashing fairy lights and glittering trees, has been offering visitors free entry to watch concerts and pick up drinks and snacks, lifting the mood of families who can’t afford seasonal luxuries. People dressed in giant polar bear costumes and others in Santa Claus outfits offer some festive spirit to a country that is a patchwork of Christian and Muslim sects. “We need to make our children happy …. even if we are tired,” said Toni Hossainy, who had brought her son. The Christmas village has been set up in a temporary warehous...