News
Food Prices Soar Amidst Rising Transport Fares
The prices of food rose Year-on-Year (YoY) amidst rising transport fare in September, the National Bureau of Statistics (NBS) has said.
Analysis of the National Bureau of Statistics (NBS) selected food price watch data for September 2021 showed that the prices of rice, egg, garri, and tomatoes rose during the period.
Similarly, the NBS transport fare watch data revealed that the prices of transport fare paid for bus, air, water and motorcycle journeys rose sharply YoY in September, 2021.
Analysis of food prices data showed that the average price of 1 dozen of agric eggs medium size increased YoY by 25.84 to N604.99 in September, 2021 from N480.76 in September, 2020.
Also, the average price of 1kg of rice local, sold loose increased YoY by 4.95 per cent to N410.01 from N390.68.
The average price of 1kg of rice imported high quality, sold loose rose YoY in September, 2021 by 5.94 per cent to N546.77 from N516.13 in September, 2020.
The average price of 1kg of tomato increased YoY in September, 2021 by 19.28 per cent to N342.25 from N286.92 in September, 2020.
The average price of 1kg of Garri white, sold loose increased YoY by 27.91 per cent to N301.58 in September, 2021 from N235.77 in September, 2020.
While the average price of 1kg of Garri yellow, sold loose increased YoY by 27.91 per cent to N322.44 in September, 2021 from N263.57 in September, 2020.
Data on transport fare showed that average fare paid by commuters for bus journey within the city rose by 40.56 per cent YoY to N435.36 in September, 2021 from N309.73 in September, 2021.
Also, average fare paid by commuters for bus journey intercity rose by 20 per cent YoY to N2,620.90 in September, 2021 from N2182.45 in September, 2020.
Average fare paid by commuters for journey by motorcycle per drop increased by 39.56 per cent YoY to N306.61 in September, 2021 from N219.70 in September, 2020.
Average fare paid by commuters for journey by waterway rose by 15.64 per cent YoY to N849.06 in September, 2021 from N734.26 in September, 2020.
Average air fare charged for specified single route journeys increased by 0.10 per cent to N36,922.37 in September, 2021 from N36,805.41 in September, 2020.
In their inflation outlook for September, 2021, analysts at United Capital Management Plc, projected further pressure on food prices in 2022 citing less planting activities resulting in limited food production.
“Looking ahead, while price pressures still abound in the economy, our prognosis remains that disinflation will persist in the immediate term.
“First, for food inflation, we expect some reduced pressure on locally produced food items in the near-term as the supply chain continues to be debottlenecked while the harvest season gets into full swing for the rest of year.
“Nevertheless, we expect harvest quantities to be limited (due to reduced farming activities during the recent planting season), implying there could be worse food price pressures to come during the 2022 planting season.”
News
US Embassy, Lagos Consulate Close Today For President’s Day
The United States Embassy in Abuja and the Consulate General in Lagos will be closed today, in observance of Presidents’ Day.
The mission made this known in a notice shared on its official X page, yesterday.
“The U.S. Embassy in Abuja and the Consulate General in Lagos will be closed on Monday, February 16, 2026, in observance of Presidents’ Day,” the post read.
According to the embassy, Presidents’ Day was originally established to honour the birthday of the former US President, George Washington, but has evolved into a day to celebrate all U.S. presidents and their leadership in shaping the country’s history.
The embassy noted that the holiday also recognises the influence of U.S. presidents on global affairs.
In a related message, the mission highlighted that Washington created the first “Badge of Military Merit,” which later became the Purple Heart. The medal still bears Washington’s image today.
Presidents’ Day is observed on the third Monday of February annually in the United States as a federal holiday.
News
Guterres Backs Nigeria’s Bid For UN Security Council Seat …Hails Tinubu’s Reforms, Regional Security Role
United Nations Secretary-General, António Guterres, has charged Nigeria with spearheading Africa’s quest for a restructured global order, describing the country as uniquely positioned to lead the continent toward superpower status.
Guterres, who backed Nigeria’s bid for the world body’s security council seat, also praised the economic reforms of the President Bola Tinubu-led administration as well as Nigeria’s leadership in stabilising the Sahel and ECOWAS regions, despite facing its own security challenges.
The UN scribe made the remarks last Friday night during a high-level bilateral meeting with Vice President Kashim Shettima on the sidelines of the 39th African Union (AU) Summit in Addis Ababa, Ethiopia.
Speaking during the meeting, Guterres said Nigeria’s large population, sustained democratic governance, vast natural and human resources, and longstanding commitment to multilateralism placed it in a unique position to lead Africa in the evolving global order.
“Given Nigeria’s demographic strength, democratic continuity and deep resource base, the country stands a real chance of leading Africa to becoming the next superpower in the evolving global architecture,” he said.
The UN Secretary-General and the vice president discussed key developments in Nigeria and the country’s expanding leadership role in promoting regional stability across West Africa and the Sahel.
Guterres commended the remarkable and outstanding reforms of the administration of President Tinubu, noting that Nigeria’s bold economic restructuring and security commitments have strengthened its continental standing.
The meeting focused on strengthening Nigeria–UN collaboration to advance global economic growth, peace and security, sustainable development, and a coordinated humanitarian response across Africa.
In his remarks, Shettima thanked the UN Secretary-General for his leadership in advancing global peace, noting that Africa has benefited immensely from his tenure, even as the United Nations undergoes internal restructuring.
“We remain committed to multilateralism and to deepening our partnerships with the United Nations and other global institutions,” the vice president said.
Shettima also reiterated Nigeria’s longstanding call for comprehensive reform of the United Nations system to reflect evolving global realities.
He emphasised that Africa must have stronger representation in global decision-making structures and declared that Nigeria deserves a permanent seat on the United Nations Security Council.
Both leaders pledged to deepen cooperation, with Guterres reaffirming the UN’s support for Nigeria’s reform agenda and its growing leadership role in advancing peace, security, and development across Africa.
News
Four To Face Death Penalty Over DPO Angbashim’s Murder
A Rivers State High Court sitting in Port Harcourt has convicted and sentenced four persons to death by hanging over the gruesome killing of the former Divisional Police Officer of Ahoada East Police Division, SP Bako Angbashim.
The presiding Judge, Justice Sika Aprioku, in a landmark judgment, last Thursday, found the quartet guilty of conspiracy, murder, membership of a secret cult group and robbery, saying the prosecution proved its case beyond reasonable doubt.
Those sentenced to death by hanging are Robinson Sonabari, identified as a native doctor; Bright Okparawo; Precious Amaeze, popularly known as Selina; and Loveday Jack, also known as Ragged Excess. The court ordered that they be hanged by the neck until they are confirmed dead.
Justice Aprioku also convicted the sixth defendant, Samuel Nwadinma, and sentenced him to three years imprisonment for conspiracy.
The third accused person was, however, discharged and acquitted of the four-count charge.
In the same vein, the court discharged Famous Okechukwu, Samuel Uchendu, Oyekachi Ikonwa, Godbless Nnamdi and Marshall Daniel, who were earlier found guilty of membership of a secret cult group, on the grounds that they had already served the maximum terms prescribed by law in the correctional facility.
The court held that among those convicted was the native doctor who allegedly prepared the charm used in the killing of the late DPO.
Speaking with newsmen shortly after the judgment, the lead prosecution counsel from the Rivers State Ministry of Justice, Chigozie Amadi, alongside a representative of the police legal team, Celestine Dickson, commended the judiciary for ensuring that justice was served.
Dickson, who represented the Nigeria Police Force in the joint prosecution, expressed concern that officers saddled with the responsibility of protecting lives and property had increasingly become targets of criminal elements.
He, however, expressed optimism that the judgment would serve as a strong deterrent to would-be offenders.
Also reacting, the elder brother of the late DPO, Akasco Angbashim, who travelled from Nasarawa State to witness the judgment, said the verdict had healed a long-standing wound inflicted on the family since the brutal murder of their brother.
He commended the judiciary, the Rivers State Government and the police for their commitment to justice, stressing that the judgment sends a clear message that no individual has the right to unlawfully take another person’s life.
The four convicts were among 72 persons initially arraigned before the State High Court by a joint prosecution team comprising the Department of Public Prosecutions and the Rivers State Police Command over the murder.
During the trial, 61 accused persons, including the Eze Ekpeye Logbo, Eze Kelvin Anugwo, and a former Ahoada East Council Chairman, Cassidy Ikegbidi, were discharged and acquitted for lack of evidence, leaving 13 defendants to face judgment.
SP Angbashim was gruesomely murdered on September 8, 2023, during a police operation in Odemude community, Ahoada East Local Government Area.
His killing sparked tension in the area, prompting a joint security operation that led to the death of the suspected cult leader, David Okparanwo, popularly known as 2Baba.
By: King Onunwor
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