Nation

Headline Inflation Rose To 18% In March, NBS Confirms

Published

5 years ago

April 16, 2021

Headline inflation rose to 18 percent in March representing 0.82 percent points year-on-year (YoY) rise when compared to 17 per cent recorded in February.
Similarly, food inflation rose YoY by 5.0 per cent points to 23 per cent in March from 22 per cent in February.
The National Bureau of Statistics (NBS), disclosed this, yesterday, in its Consumer Price Index (CPI), Report for March, 2021.
The bureau stated, “The consumer price index (CPI) which measures inflation increased by 18.17 per cent (year-on-year) in March, 2021.
“This is 0.82 per cent points higher than the rate recorded in February, 2021 (17.33 percent).Increases were recorded in all COICOP divisions that yielded the Headline index.
“On month-on-month basis, the Headline index increased by 1.56 per cent in March, 2021. This is 0.02 percentage points higher than the rate recorded in February, 2021 (1.54 per cent).
“The urban inflation rate increased by 18.76 per cent (year-on-year) in March, 2021 from 17.92 per cent recorded in February, 2021, while the rural inflation rate increased by 17.60 per cent in March, 2021 from 16.77 per cent in February, 2021.
“On a month-on-month basis, the urban index rose by 1.60 per cent in March, 2021, up by 0.02 compared to the rate recorded in February, 2021, while the rural index also rose by 1.52 percent in March, 2021, up by 0.02 compared to the rate that was recorded in February, 2021 (1.50 per cent).”
On food inflation, it stated, “Composite food index rose by 22.95 per cent in March, 2021 compared to 21.79 per cent in February, 2021.
“This rise in the food index was caused by increases in prices of Bread and cereals, Potatoes, yam and other tubers, Meat, Vegetable, Fish, Oils and fats and fruits.
“On month-on-month basis, the food sub-index increased by 1.90 per cent in March, 2021, up by 0.01 per cent points from 1.89 per cent recorded in February, 2021.
“In March, 2021, food inflation on a year on year basis was highest in Kogi (30 per cent), Sokoto (27 per cent) and Ebonyi (27per cent), while Abuja (20 per cent), Kebbi (20 per cent) and Bauchi (19 per cent) recorded the slowest rise in YoY inflation.
“On month-on-month basis, however, March, 2021, food inflation was highest in Rivers (3.5 per cent), Niger (2.9 per cent) and Gombe (2.9 per cent), while Zamfara (0.5 per cent) recording the slowest rise in month on month food inflation with Yobe and Kebbi recording price deflation or negative inflation (general decrease in the general price level of food or a negative food inflation rate).”
The percentage change in the average composite CPI for the 12 months period ending March 2021, over the average of the CPI for the previous 12 months period was 14.55 per cent, representing a 0.50 per cent point increase over 14.05 per cent recorded in February, 2021.
The urban inflation rate increased by 18.76 per cent (year-on-year) in March, 2021 from 17.92 per cent recorded in February, 2021, while the rural inflation rate increased by 17.60 per cent in March, 2021 from 16.77 per cent in February, 2021.
On a month-on-month basis, the urban index rose by 1.60 per cent in March, 2021, up by 0.02 compared to the rate recorded in February, 2021, while the rural index also rose by 1.52 per cent in March, 2021, up by 0.02 compared to the rate that was recorded in February, 2021 (1.50 per cent).
The corresponding 12-month year-on-year average percentage change for the urban index is 15.15 per cent in March, 2021.
This is higher than 14.66 per cent reported in February, 2021, while the corresponding rural inflation rate in March, 2021 is 13.99 per cent compared to 13.48 per cent recorded in February 2021.

Nation

Firefighters battle New Year Day inferno in Abuja, several states

Published

1 week ago

January 2, 2026

The Tide

Federal Fire Service FFS entered the New Year on full operational alert, tackling multiple fire outbreaks across the country from midnight into the early hours of January 1, 2026, in what officials described as one of the busiest festive-season deployments in recent years.

The intensified nationwide response followed a December 2025 directive issued by the Controller General of the Federal Fire Service, Olumode Samuel Adeyemi, who had ordered that no firefighter should proceed on leave throughout the holidays.

According to a statement by the National Public Relations Officer and Head of Corporate Services of the FFS, DCF Paul Abraham, the no-leave policy proved critical as the Service moved swiftly to contain fires in several states.

The Federal Capital Territory FCT recorded its first fire incident of the year barely twenty-three minutes after midnight when flames erupted at Cake Hot Restaurant located within River Plate Park, Wuse, Abuja.

Abraham said fire crews from the Federal Fire Service and the FCT Fire Service arrived promptly and were able to stop the blaze before it could spread through the popular recreational centre.

While a section of the garden area was destroyed, no lives were lost and no injuries were recorded.

Officials said property worth an estimated ?1.5 billion was saved, although losses were placed at about ?500 million.

“Preliminary findings suggested that the fire was triggered by objects thrown during New Year celebrations, reinforcing long-standing warnings over the dangers posed by fireworks during the harmattan season”, the Service said.

The Controller General had repeatedly urged Nigerians to avoid fireworks, candles and open flames indoors, warning that the dry winds characteristic of the season allow fires to spread rapidly.

He also warned the public about electrical faults and power surges and advised that electrical appliances be switched off and unplugged when not in use or when occupants leave their homes, stressing that overloading sockets and extension boxes remains a significant cause of domestic fires.

Nation

Enugu North LG chairman presents ?10.8bn 2026 Budget, prioritises roads …Security, Healthcare, Human Capital Development

Published

1 week ago

January 2, 2026

The Tide

Chairman of Enugu North Local Government Area in Enugu State, Dr. Ibenaku Harford Onoh, has presented a Ten Billion Eight Hundred Million Naira (?10.8bn) 2026 budget to the legislative council of the local government.

The budget, tagged “Budget of Continued Growth and Consolidation,” was presented on Wednesday during a plenary session attended by councillors, department heads, and other stakeholders.

Dr. Onoh explained that the 2026 budget is designed to consolidate achievements recorded in 2025 while scaling up development across the council’s 13 wards. Priority areas include road infrastructure, grassroots security, healthcare delivery, youth empowerment, and digital governance.

He also reviewed the 2025 budget performance, highlighting significant revenue growth and successful completion of key projects. Notably, the council’s internally generated revenue more than doubled, attributed to the introduction of digital revenue collection platforms and other innovative measures.

Among the 2025 achievements, Dr. Onoh mentioned the reconstruction of major roads at European Quarters, Hilltop, Coal Camp, and Ukwa Street, Ihewuishi, as well as the upgrade of the local security architecture through the reorganisation of the neighbourhood watch into “The City Watch.”

On the 2026 budget, the chairman stated that projected revenue would come from statutory allocations, VAT, internally generated revenue, and counterpart funding through public-private partnerships.

He noted that capital expenditure would take the larger share of the budget, with over half allocated to the economic sector. Planned projects include:

Completion of transport terminals at Aria Market

Construction and reconstruction of urban roads

Establishment of two sports centres

Healthcare interventions

Youth skills development programmes.

Dr. Onoh emphasised that the projects, policies, and programmes outlined in the budget are aimed at complementing the initiatives of Governor Peter Ndubisi Mbah, who is setting standards for local government councils to follow.

Responding, the Leader of the Legislative Council, Rt. Hon. Chizoba Nnamani, said the budget would be carefully scrutinised in the interest of residents before its passage.

Nation

Christians Convert To Islam or die As ISWAP burns down Christian village

Published

1 week ago

January 2, 2026

The Tide

Christians in Adamawa have been asked to Convert to Islam or die as commanded by the Islamic State of West Africa Province (ISWAP).

.The ISWAP forcedly burnt down Christian village in Adamawa Nigeria as reported on January 1, 2026.

The Islamic State of West Africa Province, ISWAP, has continued to wreak havoc on Christian communities in the Northeast, Nigeria.

This comes as ISWAP burned down a Christian village in Adamawa State.

A security expert, Brant Philip, disclosed this on Thursday in a viral video released by the terrorists.

“ISWAP released an image of one of the Christian villages in Adamawa State burning, alongside a statement saying that all Christians in Nigeria are legitimate targets, and they have an opportunity to “spare their blood” by converting to Islam or paying the jizyah tax to ISWAP,” Brant Philip wrote on X.

The move is perceived as retaliation for recent joint airstrikes by the Nigerian and United States military against a terrorist enclave in Sokoto, Nigeria.

Recall that five days ago, United States President Donald Trump announced that the US military launched airstrikes against terrorists in Sokoto State.