BY Ayodele Oluwafemi
The surge in the country’s inflation rate to 21.47 percent in November 2022 from 21.09 percent in the previous month dominated the cover pages of Nigerian newspapers.
The Punch reports that a number of bank branches ran out of their new naira note allocations as demand increased on Thursday. The newspaper says the Peoples Democratic Party (PDP) and All Progressives Congress (APC) have clashed over US President Joe Biden’s commendation of President Muhammadu Buhari.
The Nation says the Economic and Financial Crimes Commission (EFCC) has recovered N30 billion from Ahmed Idris, suspended accountant-general of the federation. The newspaper reports that the rising prices of food items have pushed the country’s inflation to 21.47 percent.
Daily Trust reports that leaders of some northern trader groups have directed commodity traders and truck drivers to shun the south-east over incessant killings of their members. The newspaper says the Independent National Electoral Commission (INEC) said it recorded 53 attacks on its facilities in different parts of the country between February 3, 2019, and now.
THISDAY reports that rising costs of food items, energy and import have driven Nigeria’s inflation to 21.47 percent. The newspaper says the Peoples Democratic Party (PDP) presidential campaign organisation said the Bola Tinubu, APC flagbearer, is unfit for the presidency.
The Guardian says the supply of new naira notes was scanty or non-existent in some areas as circulation of the bills started on Thursday. The newspaper reports that David Umahi, governor of Ebonyi, said his state cannot be part of Biafra.
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