Petrol prices increased by 225% in 12 months, reveals NBS report – Newstrends
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Petrol prices increased by 225% in 12 months, reveals NBS report

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Petrol prices increased by 225% in 12 months, reveals NBS report

The National Bureau of Statistics (NBS) has released a report indicating a staggering 225.85% year-on-year increase in the average retail price of Premium Motor Spirit (petrol) for December 2023. Consumers paid an average of N671.86 per litre, compared to N206.19 in the same month of 2022.

The report further noted a 3.53% increase from November 2023, when the average price stood at N648.93. State-wise, Ogun had the highest average retail price at N776.54, followed by Taraba and Adamawa at N760.00 and N745.71, respectively.

Conversely, Kano, Lagos, and Borno reported the lowest average retail prices for petrol, with figures of N602.78, N612.72, and N622.71, respectively. Looking at the zonal profile, the North East Zone recorded the highest average retail price at N699.82, while the North Central Zone had the lowest at N657.69.

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In a parallel report, diesel prices also witnessed a significant year-on-year increase of 37.76%, rising from N817.86 per litre in December 2022 to N1,126.69 per litre in December 2023. On a month-on-month basis, there was a 6.74% increase from N1,055.57 in November 2023 to the December average of N1,126.69.

Analyzing state variations, Sokoto, Kebbi/Yobe, and Jigawa reported the highest average prices for diesel in December 2023 at N1,300, N1,250, and N1,229.09, respectively. Conversely, Rivers, Bayelsa, and Bauchi recorded the lowest prices at N897.89, N935, and N985, respectively.

The NBS report highlights the substantial surge in fuel prices, impacting consumers and raising concerns about the economic implications of these increases.

Petrol prices increased by 225% in 12 months, reveals NBS report

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Prince Harry, Meghan in Nigeria for Invictus Games, mental health

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Prince Harry, Meghan in Nigeria to support mental health  

Prince Harry and his wife, Meghan, arrived in Nigeria on Friday to champion mental health for young people affected by conflicts and to promote the Invictus Games.

The prince founded the Invictus Games to aid the rehabilitation of wounded and sick service members and veterans.

The couple, in the West African nation for the first time on the invitation of its military, visited the Lightway Academy college which receives support from their Archewell foundation to educate and train young girls affected by conflicts in Nigeria.

Harry and Meghan will also be meeting with wounded soldiers and their families in what Nigerian officials have said is a show of support to improve the morale of the soldiers, including those fighting a 14-year war against Islamic extremists in the country’s northeast.

“This engagement with Invictus is giving us the opportunity for the recovery of our soldiers,” Abidemi Marquis, the director of sports at Nigeria’s Defense Headquarters, told reporters on Thursday.

Harry served in Afghanistan as an Apache helicopter copilot gunner, after which he founded the Invictus Games in 2014 to offer wounded veterans and service members the challenge of competing in sports events similar to the Paralympics. Nigeria was among the nations that participated in last year’s edition of the games.

-AP

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Catholic bishops caution on use of Artificial Intelligence

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Catholic Bishops

Catholic bishops caution on use of Artificial Intelligence

The Catholic Bishops Conference of Nigeria (CBCN) has raised concerns over the misuse of Artificial Intelligence (AI), particularly by youths in Nigeria and beyond.

Most Rev. Lucius Iwejuru Ugorji, Archbishop of Owerri and President of CBCN, expressed this during the CBCN maiden edition of the Communications Week (ComWEEK) Public Lecture in Abuja on Wednesday.

The event, themed ‘Artificial Intelligence: Challenges and Opportunities for Evangelisation and Social Development,’ was part of the activities marking the 2024 ComWEEK of the CBCN, the 58th edition since the Pope established World Communication Day (WCD) in 1967.

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Ugorji emphasized, “Despite the enormous benefits, the development and deployment of AI digital technology must be approached with ethical rigour. We must strive for a balance that prioritizes human welfare alongside technological progress, mindful of the ethical and moral dilemmas, as well as risks such as job displacement, threat to peace in the world, spread of falsehood through propaganda, manipulation of the human person, and privacy concerns through advanced hacking and deepfakes.”

Speaking on the theme, Prof. Anthony Akinwale, Deputy Vice Chancellor of Augustine University, Ilara-Epe, Lagos State, highlighted that despite the fears associated with AI and other technologies, religion cannot ignore the accomplishments of science and technology.

Additionally, Archbishop Emeritus of Abuja, John Cardinal Onaiyekan, noted that Pope Francis’ position aligns with the consistent magisterium of the Church, emphasizing that all scientific progress is a gift of God to humanity, to be used for human well-being and the glory of God.

Catholic bishops caution on use of Artificial Intelligence

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Killing, looting in Okuama after troops pull-out

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Killing, looting in Okuama after troops pull-out

Suspected peasants have killed an invader and macheted three others, who allegedly encroached on the Okuama-Ewu Community in Ughelli South Local Government Area of Delta State, to loot zinc, iron, rods and related scraps, barely 24 hours after the Nigerian Army pulled out of the embattled community.

Soldiers started withdrawing from the community, on Monday, and finally pulled out, on Wednesday, following negotiations between Governor Sheriff Oborevwori and the Army authorities.

Vanguard learned that soon after, some youths from neighbouring villages, observing that soldiers had withdrawn from Okuama-Ewu, went to the community to scavenge for things to sell.

Meanwhile, the people of Akugbene community in Bomadi Local Government Area of the state, have raised the alarm that one of the six persons attacked and macheted, by returnees of the embattled Okuama Community in Ughelli South was still missing.

They ambushed, macheted our people—Akugbene resident

A source from the neighbouring Akugbene Community in Bomadi Local Government Area of the state told Vanguard that they noticed soldiers leaving the Okuama-Ewu Community, on Tuesday. It explained that Okuama returnees ambushed and attacked four Akugbene indigenes with machetes.

His words: “As I talk to you, there is a problem: the Okuama returnees ambushed and butchered four indigenes of our community with machetes.

“They (Akugbene indigenes) were on their way to the Ezebiri Community along the footpath linking various communities on hearing that the road was free when the Okuama returnees ambushed them.

“One of them, who escaped to our community with machete cuts, narrated that the Okuama returnees pointed guns at them and attacked them, while on their way to Ezebiri.

“They attacked them with machetes, but he managed to escape while others were led towards the jetty in the community waterfront.

Killing, looting in Okuama after troops pull-out

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