The World Bank says removal of the petrol subsidy, if carried out in January 2022, could cause the headline inflation rate to rise by an additional 2.0–2.5 percentage points. The bank stated this in the November edition of its Nigeria Development Update. The report read, “Assuming a 20-percent pass-through effect of PMS prices to inflation, removing…
By Correspondent in Lokoja. The Speaker,Kogi State House of Assembly,Prince Mathew Kolawole, on Sunday in Lagos hospital lost his wife, Esther Zenab Kolawole. The Chief Press Secretary to the speaker,Femi Olugbemi, disclosed the sad news in a statement he signed on Sunday in Lokoja. In a brief statement, Olugbemi said: “With heavy heart, we announce…
By Correspondent in Ilorin. Properties worth millions of naira have been destroyed as fire gutted six shops, opposite the Kwara State Art and Culture Centre at Geri-Alimi area in Ilorin, Kwara state capital on Sunday morning. The Reporters gathered that the incident, which started at midnight of saturday upto Sunday, destroyed all goods in the…
By Correspondent in Enugu. The Police Command in Enugu State has arrested two blood brothers for alleged rape of their 9-year-old girl, described as their cousin in Enugu State. The suspects:Chima Nnamani and Michael Nnamani, who live in Akpawfu community in Nkanu East Local Government Area of the state were said to have committed the…
By Correspondent in Lokoja. Late Pa Timothy Owoniyi. The Obaro of Kabba, His Royal Majesty, Oba Solomon Owoniyi who is also the Chairman,Okun Traditional Council in kogi state,has lost his father,Pa Timothy Owoniyi. According to family sources,Pa Owoniyi died on Thursday in Ile-Ife in Osun state. Our Correspondent reports that the traditional ruler has…
By Correspondent in Maiduguri. The Borno Statr Governor, Babagana Umara Zulum, has visited the 1,000 units housing estate in Maiduguri which was hit on Saturday morning by a rocket launcher, believed to have been fired by Boko Haram/ISWAP terror groups. He also said he was setting up what he called “a small committee” to assess…