NEWS
Prices of cooking gas, kerosene increased in July – NBS
The average price for refilling a 5kg cylinder for Liquefied Petroleum Gas, otherwise known as cooking gas, increased to N2,141.59 in July from N2,068.69 in June.
The National Bureau of Statistics (NBS) said this in its “Liquefied Petroleum Gas (cooking gas) Price Watch (July 2021),’’ obtained from its website on Thursday in Abuja.
It said that the increase was by 3.
52 per cent month-on-month and by 8. 64 per cent year-on-year.According to it, states with the highest average price for refilling a 5kg cylinder for cooking gas were Akwa Ibom, whose residents paid N2,600; Benue, N2,540; Bauchi, N2,486.86; Abuja, N1,806.15 and Lagos N1,840.80.
He said that Ondo, at N1,842.
94, paid the lowest average price for refilling a 5kg cylinder in the month under review.“Similarly, average price for refilling a 12.5kg cylinder increased by 3.11 per cent month-on-month and by 7.16 per cent year-on-year to N4,422.32 in July from N4,289.05 in June.
“States with the highest average price for refilling a 12.5kg cylinder were Abuja at N5,050, Gombe N5,000 and Kogi N4,985.
“States with the lowest average price for refilling a 12.5kg cylinder were Kaduna at N3,718.09, Zamfara N3,725.38 and Oyo N3,859.97.
Meanwhile, the average price per litre paid by consumers for National Household Kerosene increased to N370.34 in July from N370.29 in June.
The NBS said that the price of kerosene increased by 7.31 per cent month-on-month and by 18.42 per cent year-on-year.
It added that states with the highest average price per litre of kerosene were Ebonyi at N520.83, Taraba N491.67 and Jigawa N457.41.
However, Bayelsa at N241.67, Adamawa N316.67 and Niger at N338.64 paid the lowest average price per litre for the product.
“Similarly, average price per gallon paid by consumers for kerosene increased by 3.78 per cent month-on-month and by 7.88 per cent year-on-year to N1,302.56 in July from N1,255.15 in June.
“States with the highest average price per gallon of kerosene were Ekiti at N1,591.67, Plateau N1,556.25 and Abuja N1,480, while Yobe at N1,080, Rivers N1,081.58 and Bayelsa at N1,088.46 paid the lowest average price per gallon for kerosene.”
The NBS said that in arriving at the report, field work was done by more than 700 of its staffers in all states of the federation, supported by supervisors who were monitored by internal and external observers.
It said that the NBS audit team subsequently conducted randomly-selected verification of the prices recorded. (NAN)
NEWS
Gunmen Attack Police Station, Kill 2 in Anambra
The Police Command in Anambra says gunmen have burnt its station in Umunze, Orumba South Local Government Area, killing two officers.SP Tochukwu Ikenga, the Police Public Relations Officer in the state, announced this in a statement issued in Awka on Monday.He said that the gunmen attacked the police facility with improvised explosives, shooting sporadically, which caused a fire to burn part of the station.
He said further that during the attack, two police operatives on duty were killed when they attempted to resist the gunmen. Ikenga stated that the bodies of the deceased policemen had been recovered and taken to the morgue.He also noted that joint security forces, including the police, army and navy, among others, had recovered five unexploded improvised explosives.Ikenga noted that the Commissioner of Police in Anambra, CP Nnaghe Itam, had visited the scene for assessment.He said that Itam called on anyone with information that could assist in the investigation to come forward, assuring then that such information would be treated confidential.(NAN)NEWS
IPPIS Data Base not Compromised, OAGF Assures Employees
By Tony Obiechina, Abuja
The Office of the Accountant General of the Federation (OAGF) has reiterated the Federal Government’s determination to maintain and operate a secure and efficient personnel and payroll system.In a statement by the Director of Press and Public Relations, Mr Bawa Mokwa on Monday, the OAGF maintained that the Integrated Personal and Payroll Information System (IPPIS) database has not been compromised, assuring that employees personal data on the IPPIS database is safe and secured.
The OAGF, which manages the IPPIS and other financial management initiatives of the Federal Government, said it is already implementing its ICT Security Policy that aims to ensure that its digital assets are secured in line with global best practices. The Office explained that no data is saved on its website, adding that the IPPIS uses the website to only share information and not for any transaction. “The IPPIS is not using the OAGF website for any transaction. The website is actually the medium to share information. Neither payroll nor payment is made through the website, therefore, no data is contained in the website”, it said. The OAGF stated that the IPPIS validation portal that was recently developed for updates of employees information was deployed for a period and after the exercise was over, the data were pulled out and the site shut down permanently.According to the statement, “the IPPIS Validation Portal was deployed on a secure platform. A secured database and application were purchased from the popular HELIX-FONS.”The Office acknowledged that the IPPIS is of utmost importance to Nigerian workers, thus it became imperative to assuage the fears of any loss or breach of employees personal data in the IPPIS database. The OAGF noted that the IPPIS has put in place necessary mechanism to resolve any problem that may arise in its operations and advised workers that observe anomalies in their salaries to follow the official procedures inorder to get such issues resolved.NEWS
Again, Inflation Drops to 32.15% in August
By Tony Obiechina, Abuja
Nigeria’s headline inflation dropped to 32.15 percent in August, according to National Bureau of Statistics (NBS) report
The report released on Monday said the inflation eased the second time in 2024 after a 19 month increase that peaked at 34.19 percent in June.
“Looking at the movement, the August 2024 headline inflation
rate showed a decrease of 1.
It however, said on a year-on-year basis, the headline inflation rate was 6.35 percent points higher compared to the rate recorded in August 2023 (25.80%).
“This shows that the headline inflation rate (year-on-year basis) increased in August 2024 when compared to the same month in the preceding year (i.
e, August 2023).Furthermore, on a month-on-month basis, the headline inflation rate in August 2024 was 2.22%, which was 0.06% lower than the rate recorded in August 2024 (2.28%).
” This means that in August 2024, the rate of increase in the average price level is lower than the rate of increase in the
average price level in July 2024.”
The report added that food inflation rate in August 2024 was 37.52 percent on a year-on-year basis, which was 8.18% points higher compared to the rate recorded in August 2023 (29.34%).
It said the rise in food inflation
on a year-on-year basis was caused by increases in prices of; “Bread, Maize Grains, Guinea Corn, etc (Bread and Cereals Class), Yam, Irish Potatoes, Water Yam, Cassava Tuber, etc (Potatoes, Yam & Other Tubers Class), Palm Oil, Vegetable, etc (Oil & Fats Class) and
Ovaltine, Milo, Lipton, etc (Coffee, Tea & Cocoa Class).”
But on a month-on-month basis, the food inflation rate in August 2024 was 2.37 percent, a 0.10% decrease compared to the rate recorded in July 2024 (2.47 percent).
“The fall can be attributed to the decline in the rate of increase in the average prices of Tobacco, Tea, Coco, Coffee, Groundnut Oil, Milk, Yam, Irish Potatoes, Water Yam, Cassava Tuber, Palm Oil, Vegetable etc.”
It added that the average annual rate of Food inflation for the twelve months ending August 2024 over the previous twelve-month average was 36.99 percent, which was 11.98 percent points increase from the average annual rate of change recorded in August 2023 (25.01 percent).