Higher Food, Commodity Prices Push Inflation to 21.82% Severe in Lagos, Bauchi, Ondo, others James Emejo in Abuja The Consumer Price Index (CPI) which measures the rate of change in prices of goods and commodities increased by 0.47 per cent to 21.82 per cent in January,
compared to 21.34 percent the preceding month, the National Bureau of Statistics (NBS) disclosed yesterday. The NBS however, explained that year-on-year, the headline index was 6.22 per cent higher
compared to 15.60 per cent in January 2022. According to the CPI report for January which was released by the statistical agency, food inflation year-on-year rose to 24.32 per cent in January 2023, representing 7.19
per cent increase compared to 17.13 per cent in January 2022. The rise in food inflation was attributed to increases in prices of bread and cereals, oil and fat, pota¬toes, yam and other tubers, fish, vegetable, fruits, meat, and
food products. Month-on-month, however, the food index stood at 2.08 per cent in January, which was 0.20 per cent higher than the 1.89 per cent in December. Core inflation, which excluded
prices of volatile agricultural produce rose by 5.29 per cent 19.16 per cent year-on-year in January 2023, compared to 13.87 per cent in 2022. Continued on page 9
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Edo Govt Accuses Oshiomhole of Masterminding Protests, Riots, Calls for His Arrest Look elsewhere for blame, not me, ex-governor fires back Adibe Emenyonu in Benin City The Edo State government has accused the immediate past National Chairman of the All Progressives
Congress (APC) and former governor of the state, Mr. Adams Oshiomhole of masterminding the protests that broke out yesterday morning in Benin City, which
claimed three lives and a number of banks destroyed. But in a swift reaction, the former governor of Edo State distanced himself from the riots
and asked the state government to look elsewhere to blame for “its abysmal performance in the state.” The protesters expressed their anger over the scarcity of the new
naira notes occasioned by the redesigning of the N1,000, N500 and N200 denominations of the nation’s currency. The state government, which
described the riots as “systematic and targeted at Peoples Democratic Party (PDP) controlled states,” Continued on page 9
Buhari Considers Recirculating Old N200 Notes to Ease Pains of Naira Scarcity To address Nigerians in nationwide broadcast by 7am today El-Rufai confirms option discussed with top govt officials in out-of-court settlement move Bayelsa, Edo break ranks with governors, align with FG in suit against banning old notes Case adjourned till Feb. 22, exparte order subsists Again, Buhari, Emefiele meet at State House Angry customers attack CBN office, banks, ATMs in Edo Continued on page 9
R-L: Governorship candidate of the All Progressives Congress (APC) in Rivers State, Mr. Tonye Cole; Presidential candidate of the party, Bola Tinubu and the Minister of State for Environment, Mr. Udi Odum, receiving Tinubu, when he arrived Port Harcourt, Rivers State capital, for a campaign rally... yesterday