Index to Nigerian Newspapers

A Federal High Court in Lagos yesterday ordered the Federal Government to fix the prices of goods and petroleum products within seven days. Justice Ambrose Lewis Allagoa specifically ordered the government to fix the price of milk, flour, salt, sugar; bicycles, and their spare parts, motor vehicles and their spare parts as well as petroleum products, which includes diesel, Premium Motor Spirit (PMS) and kerosene. The judge gave the order while delivering judgment in a suit No FHC / L / CS / 869 / 2023, filed by human rights activist, Me Femi Falana SAN, against the Price Control Board and the Attorney-General of the Federation, listed as the first and second defendants.

Former Central Bank of Nigeria (CBN) governor, Sanusi, has called for strategic measures to reduce inflation and wealth erosion. The inflation rate has been steadily increasing, reaching 26.72% by September, the highest in over a decade. Sanusi emphasized the importance of long-term planning and the need for fiscal authorities to focus on agriculture and education, particularly for girls. He pledged continued support from the Impact Investing Community to the CBN. CBN Governor Cardoso emphasized the bank's focus on price stability and the potential of the Impact Investing Community to transform Nigeria's economy. The CBN will collaborate with the Impact Investing Community on frameworks to encourage investments and drive economic growth. The CBN Deputy Governor in charge of Corporate Services stressed the importance of collaboration and effective communication in navigating challenges.