The average price paid by consumers in Nigeria for a litre of petrol increased by 28.49% in June 2021 from N128.88 recorded in the comparable period of 2020 to N165.61 in June 2021.
This is contained in the Premium Motor Spirit price watch report, released by the National Bureau of Statistics (NBS).
According to the report, petrol price increased year-on-year but recorded a decline of 1.46% bases on a month-on-month comparison with N168.06 recorded in May 2021.
This indicates a relative decline in the cost of goods when compared to the previous month, a reflection of the statement made by the federal government in May 2021 that petrol price will not increase in June 2021.
The Federal Reserve’s latest Beige Book, which gathers anecdotal information on the current state of the US economy, confirmed that it was growing faster through early July, but the recovery is being restrained by widespread shortages of labour and supplies.
Prices were also strong, rising “at an above-average pace,” the Fed said, with its business contacts apparently uncertain that higher inflation would fade soon.
Overall, the US economy was described as displaying “moderate to robust growth”, marking the report’s most optimistic overall characterisation of the economy since early 2018. However, it noted a heightened sense of concern among businesses that the supply chain disruptions that have become a feature of the economy’s reopening from COVID-19-related shutdowns would persist for longer than officials had predicted.
Nigeria records N3.9tn agric trade deficit in four years The Punch
Published 18 July 2021
Nigeria’s imports of agricultural goods between January 2017 and March 2021 surpassed its exports in the period by N3.9tn.
The total value of trade in agricultural goods in the period under review was N6.2tn, comprising N5.04tn exports and while imports constituted N1.14tn, leading to a trade deficit of N3.9tn within the review period.
The total value of trade in agricultural goods in the period under review was N6.2tn, comprising N5.04tn imports and N1.14tn exports, with a trade deficit of N3.9tn.
Makinde s magic and Alaafin s feedback tribuneonlineng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneonlineng.com Daily Mail and Mail on Sunday newspapers.
2021-07-18 06:51:09 GMT2021-07-18 14:51:09(Beijing Time)
BEIJING, July 18 (Xinhua) China s raw coal output climbed 6.4 percent year on year to 1.95 billion tonnes in the first six months of the year, official data showed.
The volume rose 7.1 percent from the level in the same period of 2019, putting the average Jan.-June growth of the past two years at 3.5 percent, according to the National Bureau of Statistics (NBS).
From January to June, the country imported roughly 140 million tonnes of coal, shrinking 19.7 percent year on year.
In June alone, China s coal output reached 320 million tonnes, a decline of 5 percent from a year ago, the NBS said. Enditem