Inflation Hits 26-year High at 31.70% Amid Higher Food, Energy Prices Analysts say monetary policy alone can't tackle rising prices, want CBN to focus on price stability DMO: Report on appointment of Eurobond transaction advisers false
James Emejo in Abuja and Nume Ekeghe in Lagos
The Consumer Price Index (CPI) which measures the rate of change
in prices of goods and commodities, increased by 1.80 per cent to 31.70 per cent in February compared to 29.90 per cent in the preceding month, the National Bureau of Statistics (NBS)
stated yesterday. This is the highest inflation rate in 26 years. However, yesterday, the Debt Management Office (DMO) debunked the report that it had appointed
transaction advisers for a potential Eurobond issuance. According to the CPI Report for the period under review, year-onyear, headline inflation rose 9.79 per
cent compared to 21.91 per cent in February 2023. This comes as analysts said classical economic tools were limited in taming inflation in the country’s largely
informal economy, stressing that several other factors fuelling inflation are outside the control of monetary Continued on page 5
Submarine Cable Cut: Internet Disruption May Persist for Three Weeks, Says MainOne...
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Olubadan Buried as President, Obasanjo, Makinde, AbdulRazaq, Others Pay Tributes Deji Elumoye in Abuja, Kemi Olaitan in Ibadan, James Sowole in Abeokuta and Hammed Shittu in Ilorin The remains of the late Olubadan
of Ibadanland, Oba Lekan Balogun, were interred at his Aliiwo ancestral home, Ibadan, yesterday. The late monarch, who reigned for two years, joined his ancestors at
the age of 81, on Thursday evening, at the University College Hospital, Ibadan, Oyo State, after a brief illness. Governor Seyi Makinde, represented by his Deputy, Bayo
Lawal, led other government functionaries to the family burial ground at Aliiwo in Ibadan North Local Government Area of the state. Dignitaries at the burial ceremony
included the Otun Olubadan of Ibadanland, High Chief Rashidi Ladoja; the President General of Central Council of Ibadan Indigenes, Niyi Ajewole; former CCII
President General, Bayo Ayero; Are Musulumi of Yorubaland, Edo and Delta, Daud Makanjuola; the Chief Continued on page 5
Again, Defence Chief Meets Ribadu, EFCC Chairman, Calls for End to Terror Financing Banditry: Sack non-performing security chiefs, APC chairmen advise Tinubu President: Beneficiaries of removed petrol subsidy sabotaging our reforms Optimistic govt will win battle against economic saboteurs Sets up committee of governors to uplift Nigerians headed by Shettima Deji Elumoye and Kingsley Nwezeh in Abuja The Chief of Defence Staff (CDS), Gen. Christopher Musa, once more met with the National Security Adviser (NSA), Mallam Nuhu Ribadu, yesterday, during which he stressed the need for tracking of terrorism funding in Nigeria, THISDAY learnt yesterday.
Also yesterday, in a separate meeting with the Chairman of Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, in his office at the Defence Headquarters (DHQ) in Abuja, Musa, noted that tracking terrorism funding was one of the non-kinetic approaches to the war against terrorism Continued on page 5
EXPLORING DEVELOPMENTAL OPPORTUNITIES…
Governor Hope Uzodimma of Imo State (left) receiving a souvenir from President of Afreximbank, Prof. Benedict Oramah, when the duo met in Cairo, Egypt... yesterday