Connect with us

BIG STORY

ECONOMY: Price Of 12.5kg Cooking Gas Increased By 63% In One Year — NBS

Published

on

The price of 12.5 kilograms (kg) of liquefied petroleum gas (LPG), better known as cooking gas, according to National Bureau of Statistics (NBS), has increased by 63.85 percent in one year.

This is contained in the agency’s report on LPG (cooking gas) price watch for May 2024 on June 20.

NBS said the average price for refilling a 12.5kg cylinder of cooking gas in May increased to N15,627.40, compared to N9,537.89 in May 2023.

On a month-on-month basis, the bureau said the average retail price for refilling a 12.5kg cylinder of LPG dropped by 0.07 percent in a month — from N15,637.74 in April 2024 to N15,627.40 in May 2024.

“The average retail price for refilling a 12.5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) declined by 0.07% on a month-on-month basis from N15,637.74 in April 2024 to N15,627.40 in May 2024,” NBS said.

“On a year-on-year basis, this rose by 63.85% from N9,537.89 in May 2023.”

Based on state analysis, Zamfara recorded the highest average retail price for refilling a 12.5kg cooking gas with N18,369.33, followed by Bayelsa with N17,772.21 and Abia with N17,538.02.

“Conversely, the lowest average price was recorded in Bauchi with N13,076.43, followed by Ebonyi and Taraba with N13,788.09 and N13,860.31 respectively,” the bureau added.

“Analysis by zone showed that the South-South recorded the highest average retail price for refilling a 12.5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) with N16,310.02, followed by the North-West with N15,991.13 while the North-East recorded the lowest price with N15,010.62.”

NBS also stated that the average retail price for refilling a 5kg cylinder of LPG rose by 13.75 percent on a month-on-month basis — from N6,521.58 recorded in April 2024 to N7,418.45 in May 2024.

“On a year-on-year basis, this increased by 70.12% from N4,360.69 in May 2023,” NBS said.

“On state profile analysis, Benue recorded the highest average price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) with N8,012.03, followed by Enugu with N7,926.21, and Ondo with N7,857.53.

“On the other hand, Yobe recorded the lowest price with N5,842.31, followed by Jigawa and Katsina with N6,521.81 and N6,567.95 respectively.

“In addition, analysis by zone showed that the South-East recorded the highest average retail price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) with N7,680.87, followed by the South-West with N6,593.93.”

NBS also said the north-east recorded the lowest price for May with N7,071.84.

BIG STORY

JUST IN: Court Grants Bail To 10 #EndBadGovernance Protesters Arraigned For ‘Treason’

Published

on

A Federal High Court in Abuja has granted bail to 10 protesters associated with the #EndBadGovernance movement, who are standing trial for alleged treason.

The defendants, Michael Adaramoye, Adeyemi Abayomi, Suleiman Yakubu, Opaoluwa Simon, Angel Innocent, Buhari Lawal, Mosiu Sadiq, Bashir Bello, Nuradeen Khamis, and Abdulsalam Zubairu, were arraigned before Presiding Judge Emeka Nwite on September 2.

They pleaded not guilty to a six-count charge, including: treason, intent to destabilize Nigeria,conspiracy to commit felony, inciting mutiny.

These offenses are punishable under Section 97 of the Penal Code. Additional allegations include: attempting to start a war, intimidating the president, attacking and injuring police officers, burning police stations.

The defendants were also charged with torching the NCC complex in Kano, Kano Printing Press, Kano government house, and several other buildings.

Although the defendants had applied for bail through their different lawyers, Nwite ordered their remand in prison custody pending a ruling on the application on September 11.

Delivering the ruling on Wednesday, Nwite granted a N10 million bail to the defendants.

They are to produce one surety each in like sum. The sureties must have landed property in Abuja, produce documents of the properties, and submit them to court.

Continue Reading

BIG STORY

Fufeyin: Bishops Lead Protest In Asaba, Say NAFDAC Don’t Have Right To Regulate Spiritual Products

Published

on

A group of protesters, led by seven bishops and comprising members of Christ MercyLand Deliverance Ministry, Abuja, and other Christian faiths, on Sunday, gathered at the National Agency for Food and Drug Administration and Control (NAFDAC) office in Asaba, Delta State.

Defying heavy rainfall, the protesters carried placards with various inscriptions, expressing solidarity with Senior Prophet Jeremiah Fufeyin and condemning alleged attacks by NAFDAC on his spiritual products.

The demonstrators urged NAFDAC to cease its alleged harassment of Prophet Fufeyin, emphasizing the importance of religious freedom and the value of his spiritual contributions.

Some of the placards read, “Spiritual products have spiritual backing, don’t need NAFDAC approval, When it comes to spiritual, respect it among others.

Speaking on behalf of the protesters, the Metropolitan Archbishop of the Charismatic Anglican Church of Nigeria, Samuel Baaba cautioned NAFDAC on spiritual matters.

Baaba said, “We are men of God and we are here in solidarity to send a message to NAFDAC to refrain from its step over spiritual matters.

“NAFDAC does not have the right to regulate spiritual products. There is a limit to what people can do especially when it comes to matters of faith”

Also speaking, Rector Union Theological Institute and Seminary, Port Harcourt, Evangelical Church, Calixtus and Most Celestine Ewurum added that they were only interested in the issue that concerned items that are spiritual.

“To the best of my knowledge and which I have read through the NAFDAC Act, 2004, if there is an amendment, I don’t know, where it could regulate the spiritual product.

“NAFDAC don’t have right to declare the products fake when it never tested the product, NAFDAC should out clearly what is wrong with the water” they added.

The NAFDAC’s Director General, Prof Mojisola Adeyeye, on Sunday, alerted Nigerians to the activities of a faith-based organisation, Christ Mercy Land Delivery Ministries, led by Prophet Jeremiah Fufeyin, using the agency’s name to deceive the unsuspecting public

She said none of the products; Miracle & Healing Water, River Jordan Water, among others were registered with NAFDAC, advising the public to stop patronising any of the miracle products.

Continue Reading

BIG STORY

Elegushi Felicitates Sir Igbinedion At 90

Published

on

The traditional ruler of Ikate-Elegushi kingdom, Oba Saheed Elegushi, has felicitated the Esama of Benin kingdom, Sir Gabriel Igbinedion as the eldersatesman, philanthropist and community leader marks his ninetieth birthday anniversary.

In a statement signed by Oba Elegushi’s Special Assistant on Public Affairs, Temitope Oyefeso, he described Sir Igbinedion as a man of many firsts, pioneering many businesses and institutions that have stood the test of time and reference for others.

“As a pioneer in business, education, and philanthropy, Sir Igbinedion has left an indelible mark on the world. His entrepreneurial spirit and innovative thinking have inspired countless individuals to pursue their dreams and make a positive impact on society. ”

Throughout his remarkable life, He has exemplified the values of hard work, dedication, and service to others.

On his commitment to education. Oba Elegushi noted that Igbinedion’s pioneering intervention has transformed the lives of many young people, providing them with the tools and opportunities they need to succeed. His generosity and compassion have touched the hearts of those in need, offering hope and support to the most vulnerable in our communities.

At 90, Sir Igbinedion’s legacy shines brightly, a beacon of inspiration for all who have had the privilege of knowing him.

Oba Elegushi prayed for more glorious years for the celebration, in continously service of humanity and worthy causes.

Continue Reading


 

Join Us On Facebook

Most Popular