NIGERIA’S INFLATION RATE RISES FOR THIRD CONSECUTIVE MONTH. (PHOTO).

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 Nigeria’s inflation rate rises for third consecutive month Nigeria’s inflation rose for the third consecutive month to 15.93 percent in May 2026 from 15.69 percent recorded in April. The National Bureau of Statistics disclosed this in its Consumer Price Index and inflation data released on Monday. This means that in May, the country’s inflation rose on a month-on-month basis by 1.75 percent. Also, the report showed that food inflation also skyrocketed to 16.96 percent in May, up from 16.06 percent recorded the previous month. “In May 2026, the headline inflation rate on a month-on-month basis was 1.75 percent, which was 0.39 percent lower than the rate recorded in April 2026 (2.13 percent). On a year-on-year basis, the headline inflation rate rose to 15.93 percent, up from 15.69 percent in April 2026 and down from 26.06 percent in the same month of the preceding year (May 2025). “The Food inflation rate in May 2026 on a month-on-month basis was 2.98 percent, down by 0.65 percentag...
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CHINESE DRIVERS,ARE RELUCTANT TO PURCHASE ELECTRIC VEHICLES,DUE TO A LACK OF CHARGING STATIONS.

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               According to sources,due to a lack of charging stations,Chinese drivers are reluctant to purchase electric vehicles,despite the governments efforts to promote green cars nation wide.Currently,to buy an electric car,drivers can enjoy a government subsidy up to $16,000.Even so,among the 260 million cars running on China's roads,electric vehicles account for less than 0.1%.Many drivers have avoided buying electric vehicles because they are daunted by the prospect of being stranded halfway home due to the inconvenience of charging their cars.Most of the charging stations are far away from residential areas,and not all off them are open to private use.Xue Xu,a professor from Peking University said ''An obstacle to the mass adoption of electric cars is the battery technology.Chinese companies should invest and research more in developing big batteries before the market is taken over by international brands''.One more photo below.           

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