‘FRIEND OF A THIEF IS A THIEF’, DEFENCE MINISTER WARNS TERRORIST SPONSORS. (PHOTO).

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 ‘Friend Of A Thief Is A Thief’, Defence Minister Warns Terrorist Sponsors The Minister of Defence, General Christopher Musa (rtd), has cautioned Nigerians against aiding terrorists, insurgents, bandits, or other criminal elements, stressing that anyone who supports criminal activities will face the full weight of the law. General Musa made the warning on Saturday while speaking as the Special Guest of Honour at the Armed Forces Celebration and Remembrance Day 2026 Golf Tournament held at the TYB Golf Resort and Country Club, Yar’Adua Barracks, Abuja. He urged citizens to continue supporting the Armed Forces and other security agencies, noting that the Federal Government has given them a clear mandate to deal decisively with all threats to national security. “I call on all Nigerians to stand with the Armed Forces and security agencies in the quest for peace,” Musa said.  “Those who continue to support bandits, insurgents, terrorists, or criminals must desist immediately. As th...
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NIGERIA BATTLES INFLATION SPIKE AS RATES HIT 32.70% IN SEPTEMBER. (PHOTO).

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 Nigeria battles Inflation spike as rates hit 32.70% in September


Nigeria's inflation rate has risen to 32.70% for the month of September, according to a report released by the National Bureau of Statistics (NBS) on Monday.


The NBS reported that the headline inflation rate for September 2024 was 32.70%, compared to 32.15% recorded in August 2024.


"Looking at the movement, the September 2024 headline inflation rate showed an increase of 0.55% compared to the August 2024 headline inflation rate," the Bureau noted.


"On a year-on-year basis, the headline inflation rate was 5.98 percentage points higher than the rate recorded in September 2023 (26.72%).


"This shows that the headline inflation rate (year-on-year basis) increased in September 2024 when compared to the same month in the preceding year (i.e., September 2023)," the NBS stated.


Additionally, the NBS reported that on a month-on-month basis, the headline inflation rate for September 2024 was 2.52%, 0.30% higher than the 2.22% recorded in August 2024.


"This means that in September 2024, the rate of increase in the average price level was higher than the rate of increase in the average price level in August 2024," it added.


The rise in prices of goods and services was as a result of the hike in the price of Premium Motor Spirit (PMS) early September and later in October.

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