Showing posts with label Effect. Show all posts
Showing posts with label Effect. Show all posts

Wednesday, February 27, 2013

Goodluck Jonathan has given approval for sacking Justice Charles Archibong of the Federal High Court



President Goodluck Jonathan has given approval for the compulsory retirement of Justice Charles Archibong of the Federal High Court, Lagos, as recommended by the National Judicial Council (NJC).
This approval was stated by the Attorney-General of the Federation and Minister of Justice, Mr. Mohammed Adoke yesterday in Abuja while addressing State House correspondents.
“This is to inform you that President Goodluck Jonathan is in receipt of a recommendation from the National Judicial Council recommending the compulsory retirement of Justice Charles Archibong and Mr. President has approved that it should take immediate effect” Adoke said.

Monday, February 18, 2013

Nigeria’s Inflation Slows as Effect of Subsidy Cut Falls Away




Nigeria’s inflation rate fell to 9 percent in January as the effect of a year-earlier reduction in fuel subsidies dropped out of the calculation.
Inflation in Africa’s largest oil producer slowed from 12 percent in December, the Abuja-based National Bureau of Statistics said today in an e-mailed report. The median estimate of seven economists surveyed by Bloomberg was 9.5 percent. Prices rose 0.6 percent in the month.
The January 2012 increase in gasoline prices after President Goodluck Jonathan cut subsidies helped keep inflation above the central bank’s target of less than 10 percent throughout last year. Central bank Governor Lamido Sanusi said last month that the rate may drop close to the target, largely because of “base effects.”

ST

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