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Nigeria’s inflation rate hits 11.31% in February – NBS
The National Bureau of Statistics (NBS), says the Consumer Price Index (CPI) which measured inflation decreased to 11.31 per cent (year-on-year) in February from 11.37 per cent recorded in January.
The NBS made this known in its “CPI and Inflation Report’’ for February released in Abuja on Friday on its website.
The bureau said the figure was 0.06 per cent points lower than the 11.37 recorded in January in the period under review.
It said the increases were recorded in all Classification of Individual Consumption by Purpose (COICOP) divisions that yielded the Headline index.
On a month-on-month basis, it said the headline index decreased to 0.73 per cent in the period under review by 0.01 per cent points from 0.74 per cent recorded in January.
It said the percentage change in the average composite CPI for the 12 months period ended December over the average of CPI for the previous 12 months period.
It, however, measured the CPI at 11.56 per cent in the period under review, indicating a 0.24 per cent decline from 11.80 per cent recorded in January.
The bureau said the urban inflation rate decreased to 11.59 per cent (year-on-year) from 11.66 per cent recorded in January of the same year.
It said the rural inflation rate also decreased to 11.05 per cent in February from 11.11 per cent recorded in January.
According to the NBS, the CPI measures the average change over time in prices of goods and services consumed by people for day-to-day living.
It said the construction of the CPI combines economic theory, sampling and other statistical Techniques, using data from other surveys to produce a weighted measure of average price changes in the Nigerian economy.
It added that the production of the CPI requires skills of economists, statisticians, computer scientists, data collectors and others. (NAN)
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Public Alert No. 0011/2019 – Recall of Eva Premium Table Water 75cl Due to Change in Colour and Presence of Particles.
The National Agency for Food and Drug Administration and Control (NAFDAC) has directed Nigerian Bottling Company Limited to recall Eva Premium Table Water 75cl as a precautionary step pending investigation by the Agency. The company voluntarily reported to NAFDAC on June 20, 2019, a change in colour of the product from colourless to light green and presence of particles in two lots.
The affected Eva Premium Table Water 75cl was produced between 22nd and 23rdMay, 2019 at Nigerian Bottling Company Limited, Asejire, Ibadan, Oyo State.
The details of the affected Eva Premium Table Water 75cl are:
Name of Product. Production Date. Best Before Date
Eva Premium Table Water 75cl. 22/05/19.14.27 AC4220520
Eva Premium Table Water 75cl. 23/05/19.15.15 AC4230520
Eva Premium Table Water 75cl produced by Nigerian Bottling Company is registered by NAFDAC. The NAFDAC Registration Nu…
THE General Superintendent of Deeper Life Bible Church, Pastor William Kumuyi, Saturday, maintained that the church will not be handed over to ‘rascals’ who are not portraying the image of Christ in their character.
Kumuyi made the declaration via a satellite broadcast from headquarters of the church in Lagos, while teaching on the topic, ‘Fear Not: The Promise Is Still Good’ during the Faith Clinic session at the ongoing Deeper Life National December Retreat, holding at the Deeper Life Conference Centre (DLCC), which started on Friday, December 21 and ends December 25.
He said the church will not condone any form of rascality and rebellion because the word of God never encourages that and is a strange behaviour capable of taking one to hell fire.
He said: “We are not going to hand the church over to rascals, over to rebellious people that want to scatter everything that is good that the Lord is doing. If you …