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 ...
Gunmen on Sunday attacked a police station in the Ini Local Government Area of Akwa Ibom State and shot dead a mobile police officer. It was gathered that the officer was killed in the early hours of Sunday during a gun battle with the hoodlums which lasted several minutes. A source, who pleaded not to be mentioned, told our correspondent that one of the hoodlums identified as Imo Udo, was arrested while others escaped with bullets wounds. The source added that the armed men stormed the area with motorcycles and immediately opened fire directly at the police officers who returned fire but one them fell by the bandits’ bullets. The Police Public Relations Officer in the state, Odiko Macdon, who confirmed the incident, said the Commissioner of Police, Andrew Amiengheme, has ordered men of th...
British foreign minister Dominic Raab said on Friday there was no doubt some countries were using vaccines as a diplomatic tool to secure influence but Britain did not support so-called vaccine diplomacy. Raab was speaking to Reuters on the sidelines of a G7 summit in Cornwall, southwestern England, that was likely to be dominated by the West’s attempts to reassert its influence as the world looks to rebuild from the COVID-19 pandemic. Western diplomats fear Russia and China are using their vaccines to gain influence across the world, especially in poorer countries that do not have their own production or the means to buy shots on the international market. Asked whether he was concerned that China and Russia could use vaccines in exchange for influence, Raab said: “There’s no doubt there’s...
Taiwan reports largest incursion yet by Chinese air force
Twenty-eight Chinese air force aircraft, including fighters and nuclear-capable bombers, entered Taiwan’s air defence identification zone (ADIZ) on Tuesday, the island’s government said, the largest reported incursion to date. While there was no immediate comment from Beijing, the news comes after the Group of Seven leaders issued a joint statement on Sunday scolding China for a series of issues and underscored the importance of peace and stability across the Taiwan Strait, comments China condemned as “slander”. Chinese-claimed Taiwan has complained over the last few months of repeated missions by China’s air force near the self-ruled island, concentrated in the southwestern part of its air defence zone near the Taiwan-controlled Pratas Islands. The latest Chinese mission involved 14 J-16 ...