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Nigeria’s inflation rate climbed for the second straight month in October, hitting 33.88%—an increase from 32.70% recorded in September 2024.
This is according to the National Bureau of Statistics (NBS) Consumer Price Index (CPI) report released on Friday, November 15, in Abuja.
The data bureau said the headline inflation rate in October rose by “1.18% points when compared to the September 2024 headline inflation rate.
On a year-on-year basis, the Headline inflation rate was 6.55% points higher than the rate recorded in October 2023 (27.33%).
This shows that the Headline inflation rate (year-on-year basis) increased in October 2024 when compared to the same month in the preceding year (i.e., October 2023).
Furthermore, on a month-on-month basis, the headline inflation rate in October 2024 was 2.64%, which was 0.12% higher than the rate recorded in September 2024 (2.52%).
This means that in October 2024, the rate of increase in the average price level was higher than the rate of increase in the average price level in September 2024.”
The NBS also said the food inflation rate in October surged to 39.16 percent, compared to 33.77 percent in September.
On a year-on-year basis, the food inflation rate was 7.64 percent higher compared to the rate recorded in October 2023 (31.52 percent).
“The rise in food inflation on a year-on-year basis was caused by increases in prices of the following items: guinea corn, rice, maize grains, etc (Bread and Cereals Class), Yam, Water Yam, Coco Yam, etc (Potatoes, Yam & Other Tubers Class), Palm Oil, Vegetable Oil, etc (Oil and Fats Class) and Milo Lipton, Bourvita, etc (Coffee, Tea & Cocoa Class),” the bureau added.
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Silvan Wallner, a 22-year-old Swiss midfielder, has announced his retirement from professional football, stating that his decision is driven by his wish to follow Jesus Christ.
The defender, who started his career in 2020 with FC Zurich, has accumulated over 100 appearances, playing for two other clubs, Wil and BW Linz, where he signed a two-year contract in September.
Wallner in a statement released by Blau-Weiß Linz, said: “I’m a devout Christian, and I read the Bible. I make my own decisions about my life.
I wish to follow Jesus Christ, and the biblical day of rest has become important to me. This means that I no longer want to play professionally on Saturdays.
This is my personal conviction, I’m not yet a member of any church. I say a big thank you to people who have accompanied and supported me in my sporting career.”
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Concussion is one of the most common injuries to the brain, affecting about two million children and teens every year. It is a particular kind of injury that happens when a blow to the head or somewhere else on the body makes the brain move back and forth within the skull.
It's possible to get a concussion after what might seem like a minor injury, like a forceful push from behind, or a collision between two players in a football or soccer game.
What are the signs and symptoms of concussion?
Because the injury may not seem that significant from the outside, it's important to know the symptoms of a concussion. There are many different possible symptoms, including
Some of these are visible to others and some are felt by the person with the concussion. That's why it's important to know the signs and to ask all the right questions of a child who has had an injury.
Sometimes the symptoms might not be apparent right away, but show up in the days following the injury. The CDC's Heads Up website has lots of great information about how to recognize a concussion.
How can further harm to the brain be avoided?
The main reason it's important to recognize a possible concussion early is that the worst thing you can do after getting a concussion is get another one. The brain is vulnerable after a concussion; if it is injured again, the symptoms can be longer lasting — or even permanent, as in cases of chronic traumatic encephalopathy (CTE), a condition that has been seen in football players and others who have repeated head injuries.
If there is a chance that a child has had a concussion during a sports competition, they must stop playing — and get medical attention. It's important to get medical attention any time there is concern about a possible concussion, both to be sure there isn't a more serious brain injury, and to do a good assessment of the symptoms, so that they can be monitored over time. There are some screening questionnaires that are used by doctors that can be used again in the days and weeks after the concussion to see how the child is improving.
What helps children recover after a concussion?
Experts have struggled with figuring out how to protect the brain after a concussion. For a long time, the recommendation was to rest and do very little at all. This meant not doing any exercise, not going to school, not even reading or watching television. As symptoms improved, the restrictions were lifted gradually.
Over time, though, research showed that not only was this much rest not necessary, it was counterproductive. It turns out that getting kids back into their daily lives, and back into being active, is safe and leads to quicker recovery. Experts still recommend rest and then moving gradually back into activities, but the guidelines are no longer as strict as they once were.
One important note: A medical professional should guide decisions to move from rest to light activity, and then gradually from there to moderate and then regular activities based on how the child is doing. This step-by-step process may extend for days, weeks, or longer, depending on what the child needs. Parents, coaches, and schools can help support a child or teen as they return to school and return to activities and sports.
Some children will be able to get back into regular activities quickly. But for others it can take weeks or even months. Schools and sports trainers should work with children to support them in their recovery. Some children develop post-concussive syndromes with headache, fatigue, and other symptoms. This is rare but can be very disabling.
How can parents help prevent concussions?
It's not always possible to prevent concussions, but there are things that parents can do:
Source: Harvard Health Publishing
Police operatives in Ogun State have arrested a 28-year-old man, Samuel Ani, for allegedly d3filing and impr3gnating a 14-year-old girl in Sagamu area of the state.
The suspect was arrested after the girl’s father filed a complaint at the police station on Wednesday, November 13.
The command’s spokesperson, Omolola Odutola, in a statement on Friday, said the suspect was caught in the act and has confessed to the crime.
“The father, known only as Paul, had approached the division to report the crime suspect committed against his daughter.
The suspect allegedly d3filed the minor and is also accused of impr3gnating her. The 28-year-old suspect had been arrested and detained by the command,” she said.
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The General Overseer of the Redeemed Christian Church of God (RCCG), Pastor E.A. Adeboye, has stated that, without divine intervention, the exchange rate could have reached ₦10,000 for $1.
Speaking at the Special Holy Ghost Congress in Abuja, he attributed Nigeria’s financial struggles to its reliance on fuel imports and the ongoing issue of non-operational refineries.
According to him, “We need help, and it’s not human help; it’s divine help. Before our current president took office, we were aware that the root of our financial issues lay in the importation of petrol. Despite having oil, we continued to import petrol and waste billions on refineries that did not operate effectively.
When the president cancelled the subsidy on petrol imports, those who benefited from it became upset and created more problems.”
As the naira continued to decline rapidly, Adeboye said that he prayed and was grateful that others joined him in prayer.
“If God hadn’t intervened, $1 could have been worth N10,000 by now. This illustrates how much we need prayers,” he added.
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The Federal Executive Council (FEC) has approved the creation of a N250 billion real estate investment fund, which aims to tackle Nigeria’s housing deficit and provide long-term, affordable mortgage financing for Nigerians.
Finance Minister Wale Edun disclosed this to State House correspondents on Thursday after the FEC meeting, which was led by President Bola Tinubu at the Presidential Villa.
According to Edun, the initiative will provide Nigerians with the opportunity to secure mortgages at interest rates significantly lower than the current market rates, which can exceed 30%, with tenures that could extend up to 20 years or more.
“Approval has been granted for the Ministry of Finance Incorporated (MOFI) real estate investment fund. This fund will serve as the basis for the revival of long-term mortgage financing in the Nigerian economy.
The MOFI Real Estate Investment Fund will initially amount to N250 billion and will provide low-cost, long-term mortgages to Nigerians who wish to acquire homes. It will help address part of the 22 million-unit housing deficit.
Of course, it will create jobs, stimulate economic growth, and pave the way for other private sector investors to participate in the housing construction industry, with significant benefits for the broader economy.
The concept is long-term. Investors will have the opportunity to earn market rates of interest and returns on investment, blended with seed funding of N150 billion,” he said.
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