dipoolowoo:
By Modupe Gbadeyanka

A latest report released by FSDH Research has predicted a rise in Nigeria’s inflation rate for the month of January.

In its inflation watch released on Thursday, FSDH stated that it expects the “January 2017 inflation rate (year-on-year) to increase further to 18.64 percent from 18.55 percent recorded in the month of December 2016.”

Explaining reason for the expected rise, the report said it is due to “increase in the prices of food items and other non-food items as a result of the continued pressure on the value of the Naira.”

It further noted that the “increase in the price of diesel which is predominantly used in production of goods and services will also contribute to the rising inflation rate.”

The National Bureau of Statistics (NBS) is expected to release the inflation rate for the month of January 2017 on February 15, 2017 based on data calendar on its website.

According to the monthly Food Price Index (FPI) released by the Food and Agriculture Organization (FAO) this week, the Index averaged 173.8 points, 2.15 percent higher than the revised value for December 2016, and 16.41 percent higher than the January 2016 figure.

At its current level, the Index has reached its highest value since February 2015.

Last month’s increase reflected sharp increases in the prices of sugar, cereals and vegetable oils. The Sugar Price Index rebounded sharply by 9.9 percent in January on the heels of reports of low production conditions in the main sugar producing regions of Brazil, India and Thailand.

The FAO Cereal Price Index increased by 3.37 percent from the previous month and represents a six-month high. The increase recorded was due to the rise in the prices of wheat, maize and rice, with wheat reflecting the highest increase amid concerns over unfavourable weather conditions.

The FAO Vegetable Oil Price Index was up 1.82 percent, driven by palm oil prices, reflecting concerns over supply tightness in Southeast Asia.

The FAO Dairy Index appreciated marginally by 0.20 percent from December 2016, prices of dairy products remained relatively stable across the board. The FAO Meat Price Index was marginally down by 0.06 percent.

According to the analysis of FSDH, the value of the Naira depreciated at both the inter-bank and the parallel market.

The value of the Naira lost marginally by 0.08 percent at the inter-bank market to close at $/N305.25 while it lost 2.09 percent at the parallel market to close at $/N491 at the end of January.

The depreciation recorded in the foreign exchange rate particularly in the parallel market between the two months and higher prices in the international market put further pressure on domestic prices in January 2017.God bless my co

The prices of food items that FSDH Research monitored in January 2016 moved in varying directions. The prices of garri and tomatoes were up by 7.14 percent and 2.78 percent respectively; meanwhile, the prices of palm oil and fish were down by 7.14 percent and 2.08 percent respectively.

The prices of most other food items remained unchanged. The movement in the prices of food items during the month resulted in a 0.96 percent increase in the Food and Non-Alcoholic Index to 219.72 points, while it increases in the prices of Housing, Water, Electricity, Gas &Other Fuels divisions between December 2016 and January 2017.

http://www.businesspost.ng/2017/02/04/january-inflation-hit-18-64-amid-rising-food-costs-fsdh/

God bless my country called Nigeria

MatinoOnoja:
i humbly request for professional and constructive critics from experts in this forum. my budget is 3.5million naira and this is going to be my first personal building project. the land is 45ft by 100ft, very flat & dry. my friend (civil Engr) used power point to make the sketch for me. he`s okay with my decision to seek more inputs from this forum. thanks in advance.

is ok

Nazacent:
First I want a custom name from domainname. to a domainname.com and monetize it, please do I switch to blogger or remain with wordpress?

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TunezMedia:
Nollywood actress, Belinda Effah had to dispose of her short wig for her natural short hair but that wasn't enough as the Makeup artiste on set had to give her a complete bald look to make it look more convincing for a role the actress is playing in an upcoming movie titled, 'Happy'.

See photos of Belinda before and after her bald look below..

http://www.tunezmediablog.com/2017/02/actress-belinda-effah-goes-completely.html

heyah .Get well soon

TunezTV:
Nigerian footballer, Victor Anichebe was once again missing when his team, Sunderland managed to hold title contenders to a goalless draw, a result that saw the 'Black Cats' fall to the very bottom of the English premiere league.

With relegation staring them in the face, injured striker, Victor Anichebe is back in the gym working on his injured knee as he intends to rush back into action to help his team off the relegation zone.

http://www.tunezmediablog.com/2017/02/football-star-victor-anichebe-hits-gym.html

Noted.

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Godwingist:
FRSC's spokesman told newsmen in Abuja that commands of the agency had been fully mobilised for the exercise.

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f the installation of speed limiting device in commercial vehicles nationwide on Wednesday.

Spokesman of the corps, Mr Bisi Kazeem, told newsmen on Tuesday in Abuja that sector and field commands of the agency had been fully mobilised for the exercise.

Kazeem said that the army, police, civil defence, Department of State Services (DSS) and other security agencies were on standby to provide security support.

Adding that the “Enforcement of the speed limiting device commences tomorrow (Wednesday) and there is no going back.
“In readiness, the field commands have been fully mobilised to commence full blast enforcement nationwide.

“To facilitate enforcement, a portal of speed limiting device (SLD) was created and is operational and a short code to confirm the installation of SLD is active.

“A Standard Operating Procedure (SOP) has been dispatched with a directive that copies of those SOP’s be shared to security agencies within the commands’ areas of jurisdiction.

“A template for daily report has also be designed and forwarded to commands. Booking sheets with Failure to Install Speed Limiting Device (FSLD) have been distributed to field commands.

“To ensure seriousness of purpose, sector commanders have been advised to start with joint patrols with unit commands to have more personnel and create impact for the whole of February.

“Also, commands are to hold mobile court sittings at the onset and where mobile courts are likely to slow down enforcement, such commands should go ahead without them.

“We have created a situation room to monitor and collate report on daily basis and test-run for the clampdown.
“What we are trying to do is to register that it has started. It is not necessarily impounding all vehicles in Nigeria in one swoop thereby making life difficult for road users, no.

“It is a gradual thing that we are starting all over Nigeria and that is to say it is no longer advisory.
“You either pay fines or be taken to (a) mobile court to be charged or, in extreme situation, you are asked to come and install before your vehicle is released to you after impoundment.’’

Kazeem said defaulters would either pay a fine of N3,000 or have their vehicles impounded.
He explained that the decision to begin with commercial vehicles was informed by the high rate of their involvement in road accidents across the country.

The News Agency of Nigeria (NAN) reports that enforcement of the SLD installation has been postponed three time since Sept. 1, 2015 following appeal by stakeholders.

Kazeem said that the need to begin with commercial vehicles could not be over-emphasised owing to the high rate of their involvement in road accidents.

Citing FRSC statistics, he said commercial vehicles accounted for over 50 per cent of the total number of vehicles involved in road crashes in the country.

He explained that vendors of the device had been selected through a screening process by an inter-agency technical committee.

Membership of the committee, according to him, comprises the FRSC, Standards Organisation of Nigeria (SON) and the National Automotive Design and Development Council (NADDC).



http://www.godwingist.com/2017/02/frsc-agency-set-for-nationwide.html

naija call road safety ooooooo

metronaija:
Dangerous ride: Okada man rides with for 4 school children while answering Phone Call at Eleyeile express Road Ibadan. See photos below


http://www.metronaija.com/2017/01/photos-okada-rider-with-4-children.html

good .

metronaija2:
Acting President Yemi Osinbajo during the launch of the Solar Home System Program "beyond the grid". See more photos below

http://www.metronaija.com/2017/01/photos-osinbajo-launches-solar-home.html

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Grammywinner:
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onpointme:
Hey guys,

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autojosh:
The driver of the Dangote Flour Truck probably miscalculated. This BRT lane demarcation has also caused several accidents on Lagos Roads. The accident occurred between Stadium and Ojuelegba.. LRU got there to rescue the truck.

https://autojosh.com/dangote-flour-truck/

chaiiii

macphilip:
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Dont miss that.Jan 2017 is almost over stop procrastinating

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Drinokrane:
Please Guys I have create my Blog but not yet known how to Create categories on the Blog Kindly help me Guys!

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We also train interested clients

Lets Talk:

Mobile/Whatsapp: 07038641600

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admin@africanwebservice.com

We are expert in
*Blog Design,content management systems (CMS) such as
Webpagemaker,Frontpage, wordpress, joomla, drupal,
ecommerce platforms such as opencart, magento, Abante cart,WHMCS, prestashop.
*SEO,Responsive&Mobile Friendly Site Expert
*Blogs:Ghost,serendipity,eggblog
*Forums:SMF,Vanilla,phpBB,
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*SEO (Get Your Website Top Ranking in Google.
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*An expert in CCTV,CAR Tracker&Biometric Services