News
Prices of rice, garri, tomato, beans, yam rise in April 2024 – NBS
By Francesca Hangeior
The National Bureau of Statistics (NBS), has disclosed that the prices of rice, garri, tomato, beans, yam and other food items increased in April 2024.
The NBS said this in its Selected Food Prices Watch report for April 2024 released in Abuja on Friday.
The report said that the average price of 1kg of local rice increased by 155.93 per cent from N546.76 recorded in April 2023 to N1, 399.34 in April 2024.
“On a month-on-month basis, 1kg of local rice increased by 3.47 per cent in April from the N1, 340.74 recorded in March 2024.”
It said that the average price of 1kg of white garri increased by 134.98 per cent on a year-on-year basis from N362.50 recorded in April 2023 to N851.81 in April 2024.
“On a month-on-month basis, 1kg of white garri increased by 13.59 per cent from the N749.89 recorded in March 2024.”
The report said that the average price of 1kg of tomato increased by 131.58 per cent on a year-on-year basis from N485.10 in April 2023 to N1, 123.41 in April 2024.
“On a month-on-month basis, the price increased by 17.06 per cent from the N959.68 recorded in March 2024.”
The NBS said that the average price of 1kg of brown beans rose by 125.43 per cent on a year-on-year basis from N615.65 in April 2023 to N1387.90 in April 2024.
“On a month-on-month basis, 1kg of brown beans increased by 12.44 per cent from N1, 234.40 recorded in March 2024 to N1,387.90 in April 2024. ”
In addition, the average price of 1kg of yam tuber rose by 154.19 per cent on a year-on-year basis from the N444.69 recorded in April 2023 to N1, 130.37 in April 2024.
“On a month-on-month basis, it increased by 5.76 per cent from N1, 068.78 recorded in March 2024 to N1, 130.37 in April 2024.”
On state profile analysis, the report showed that in April 2024, the highest average price of 1kg of local rice was recorded in Niger at N1, 785.47, while the lowest was recorded in Benue at N993.72
It said that Bayelsa recorded the highest average price of 1kg of white garri at N1, 095.26, while the lowest was recorded in Benue at N494.47.
The NBS said that the highest average price of 1kg of tomato was recorded in Delta at N1, 851.19, while the lowest price was recorded in Zamfara at N547.22
According to the report, Abuja recorded the highest average price of 1kg of brown beans at N2, 288.36, while the lowest was reported in Yobe at N818.03.
It said Cross River recorded the highest average price of 1kg of yam tuber at N 1,797.15, while the least average price was recorded in Bauchi at N638.64.
Analysis by zone showed that the average price of 1kg of local rice was highest in the South-West at N1, 615.21, followed by the South-South at N1, 564.85.
“The lowest price was recorded in the North-West at N1, 163.13.”
The South-South and South-West recorded the highest average price of 1kg of white garri at N1,031.19 and N 982.42, respectively, while the lowest price was in the North-West at N681.77.
The report said that the South-South recorded the highest average price of 1kg of tomato at N1, 689.40 followed by the South-West at N1, 429.06 , while the North-West recorded the lowest price at N615.54
The NBS said also that the North-Central and South-South recorded the highest average price of 1kg of brown beans at N1, 594.84 and N1, 579.64, respectively.
“The North-West recorded the lowest price of 1kg of brown beans at N966.9.”
News
Oshiomhole Denies Vote Buying Allegations Against APC in Edo Governorship Election
Former Edo State Governor, Adams Oshiomhole has dismissed allegations of vote buying against the All Progressives Congress (APC) during the ongoing governorship election in the state.
Oshiomhole made this statement on Saturday after casting his vote at Ward 10, Unit 01, Iyamho, in the Estako West Local Government Area.
In response to the claims, Oshiomhole said, “It is laughable when I hear this kind of allegation. You all have been monitoring the process. Have you seen any instance of money being shared?”
He emphasized that the large turnout of voters was due to the people’s desire for good governance, adding, “During our campaigns, people came out not because they expected handouts, but because of what I accomplished as governor.”
Currently serving as the senator representing Edo North Senatorial District, Oshiomhole confirmed that he had not received any reports of violence across the state. He expressed satisfaction with the peaceful conduct of the election and praised the elderly for their active participation.
“The elderly coming out to vote shows their commitment to securing a better future for their children,” he said.
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Edo Guber: Akpata Casts Vote, Says INEC Must Conduct Free, Fair Election
News
The Top Five Strongest Currencies In The World (+Photos)
By Ojomah Austin.
Currencies are one of the most important factors in the global economy and play a large role in determining trade agreements, as well as representing the strength and stability of varying nations.
There are over 180 currencies recognised worldwide by the United Nations as legal tender, all with varying strengths. The strongest currency globally doesn’t owe its value to its popularity or usage, but rather to its purchasing power.
Express.co.uk has looked into the strongest currencies of 2024 – and found that neither the British pound nor the US dollar top the list.
5. British pound
The British pound comes in at fifth on the strongest currency list. First introduced in the 1400s and decimalised in 1971, the independent, free-floating currency is very strong.
The Gibraltar pound, which is ‘pegged’ to the British pound, also comes in at number 5, with the British territory introducing its currency in the 1920s.
4. Jordanian dinar
The Jordanian dinar is the fourth strongest currency in the world, with one dinar being valued at 1.07 Pound sterling, and £1 being worth 0.94 Jordanian Dinar.
The dinar entered circulation in Jordan in the 1950s. The land-locked country in the Middle East has an economy largely dependent on oil and gas exports, but also tourism, banking and pharmaceutical sectors.
3. Omani rial
Largely dependent on oil reserves, Oman’s prosperous economy has led to the nation having one of the world’s strongest currencies. The rial was introduced in Oman, which lies on the southeastern coast of the Arabian peninsula, in the 1970s.
One rial is worth 1.97 Pound sterling, and £1 is worth 0.51 Omani Rial.
2. Bahraini Dinar
Another Middle-Eastern currency tops the charts, with the Bahraini Dinar being the second strongest currency in the world. The diversified economy of Bahrain contributes to its currency’s success, with strong oil, gas, finance and tourism industries.
The dinar was introduced in 1965, with 1 dinar being worth 2.01 Pound sterling, and £1 being worth 0.50 Bahraini Dinar.
1. Kuwaiti Dinar
The strongest currency in the world is the Kuwaiti dinar. One dinar is equal to 2.48 Pound sterling, and £1 is equal to 0.40 Kuwaiti Dinar.
Kuwait, which is a country in the Middle East, introduced the dinar in 1961. The nation’s lucrative oil reserves can attest to its currency’s considerable economic strength, which lies in the Persian Gulf.
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