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JUST IN: Nigeria’s Inflation Rate Rises To 32.7% [DETAILS]

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JUST IN: Nigeria’s Inflation Rate Rises To 32.7% [DETAILS]—-Nigeria’s inflation rate increased to 32.7 per cent in September, marking a reverse from two consecutive months of decline, where it stood at 32.15% in August.

TCN reports that This uptick was primarily attributed to a rise in Month-on-Month Food Inflation, which escalated to 2.64% from the previous 2.37%.

The National Bureau of Statistics (NBS) reported these findings in its Consumer Price Index (CPI) Report for September.

According to the Bureau, the headline inflation rate for September 2024 was recorded at 32.70%, in contrast to the August 2024 rate of 32.15%. This indicates an increase of 0.55% in the headline inflation rate from August to September 2024.

On a year-on-year comparison, the headline inflation rate was 5.98 percentage points higher than the rate observed in September 2023, which was 26.72%.

This data illustrates that the headline inflation rate rose on a year-on-year basis in September 2024 when compared to the same month in the previous year, September 2023.

“Furthermore, on a month-on-month basis, the Headline inflation rate in September 2024 was 2.52%, which was 0.30% higher than the rate recorded in August 2024 (2.22%).

“This means that in September 2024, the rate of increase in the average price level is higher than the rate of increase in the average price level in August 2024,” the NBS noted.

The NBS further said: “The Food inflation rate in September 2024 was 37.77% on a year-on-year basis, 7.13% points higher than the rate recorded in September 2023 (30.64%).

“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, Beans, etc. (Bread and Cereals Class), Yam, Water Yam, Cassava Tuber, etc (Potatoes, Yam & Other Tubers Class), Beer (Local and Foreign) (Tobacco Class), Lipton, Milo, Bournvita, etc.

“(Coffee, Tea & Cocoa Class) and Vegetable Oil, Palm Oil, etc (Oil & Fats Class).

“On a month-on-month basis, the Food inflation rate in September 2024 was 2.64% which shows a 0.27% increase compared to the rate recorded in August 2024 (2.37%).

“The rise can be attributed to the rate of increase in the average prices of Beer (Local and Foreign) (Tobacco Class), Vegetable Oil, Groundnut Oil, Palm Oil, etc (Oil & Fats Class), Beef, Gizzard, Dried Beef, etc (Meat Class), Lipton, Milo, Bournvita, etc (Coffee, Tea & Cocoa Class) and Milk, Egg etc (Milk,
cheese and Eggs Class).

“The average annual rate of Food inflation for the twelve months ending September 2024 over the previous twelve-month average was 37.53%, which was an 11.88% points increase from the average annual rate of change recorded in September 2023 (25.65%).”

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BREAKING: Lionel Messi Magic Leads Argentina to 2026 World Cup Final After 2-1 Comeback Win Over England

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BREAKING: Lionel Messi Magic Leads Argentina to 2026 World Cup Final After 2-1 Comeback Win Over England—-Late goals from Enzo Fernández and Lautaro Martínez, both created by Lionel Messi, completed a dramatic comeback as Argentina stunned England to book a World Cup final showdown with Spain.

Argentina are through to a second consecutive FIFA World Cup final after producing a remarkable late comeback to defeat England 2-1 in a pulsating semi-final at Atlanta’s Mercedes-Benz Stadium on Wednesday.

The defending champions looked destined for elimination after Anthony Gordon fired England into the lead early in the second half, but Lionel Messi inspired another unforgettable turnaround, providing assists for Enzo Fernández and substitute Lautaro Martínez as Argentina struck twice in the closing minutes to set up a blockbuster final against Spain.

England enjoyed the brighter start and frustrated Argentina with an aggressive pressing game that denied Messi and his teammates space in dangerous areas. Jordan Pickford was rarely troubled during the opening 45 minutes, while Jude Bellingham and Declan Rice controlled midfield for long spells as Thomas Tuchel’s side carried confidence into the interval.

The breakthrough arrived in the 55th minute when Declan Rice started a flowing move that released Morgan Rogers down the right. Rogers delivered a precise pass into the path of Anthony Gordon, who calmly slotted beyond Emiliano Martínez to send England supporters into celebration and move the Three Lions within touching distance of their first World Cup final since 1966.

Rather than push for a second goal, England gradually retreated deeper into their own half, inviting sustained pressure from the South Americans. Argentina dominated possession during the closing stages, with Messi orchestrating wave after wave of attacks as Lionel Scaloni’s men searched desperately for an equaliser.

Their persistence was rewarded five minutes from time. Messi slipped a perfectly weighted pass into the path of Enzo Fernández, who kept his composure to fire past Pickford and level the contest in the 85th minute, sparking wild celebrations among the thousands of Argentina fans inside the stadium.

With extra time looming, Argentina delivered the knockout blow in stoppage time. Messi reacted quickest after a loose ball in the area before producing a brilliant cross into the six-yard box, where substitute Lautaro Martínez arrived to steer home the winner and complete a stunning late comeback. The dramatic goal sealed a 2-1 victory and sent the reigning champions back to the World Cup final.

The result was another defining moment in the storied rivalry between Argentina and England and ensured Messi, playing in what is expected to be his final FIFA World Cup, will have one last opportunity to lift football’s biggest prize. The 39-year-old did not score, but his two decisive assists underlined his enduring influence on the international stage.

Argentina will now face Spain in Sunday’s World Cup final in East Rutherford, New Jersey. The defending champions are chasing a fourth world title and back-to-back World Cup triumphs, while Spain will be aiming to win their second crown after ending France’s hopes of reaching a third successive final.

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BREAKING: Spain End France’s Dream of Three Straight World Cup Finals as Lamine Yamal Leads La Roja into 2026 World Cup Final

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BREAKING: Spain End France’s Dream of Three Straight World Cup Finals as Lamine Yamal Leads La Roja into 2026 World Cup Final—-Spain produced another masterclass to defeat France 2-0, with Lamine Yamal playing a pivotal role as La Roja booked their first World Cup final since 2010 and denied Les Bleus a third consecutive appearance in football’s biggest showpiece.

Spain ended France’s bid to reach a third successive FIFA World Cup final after securing a deserved 2-0 victory in Tuesday’s semi-final at Dallas Stadium in Arlington, Texas.

La Roja delivered another composed and dominant display, extending their remarkable unbeaten run in regular time to 37 matches while booking a place in Sunday’s World Cup final, where they will face either England or Argentina. France, finalists in both 2018 and 2022, saw their hopes of another title challenge come to a disappointing end.

Teenage sensation Lamine Yamal once again proved to be the catalyst for Spain’s success. The Barcelona winger repeatedly tormented the French defence with his pace and dribbling and won the penalty that led to the opening goal in the 22nd minute. After dancing past his marker inside the penalty area, Yamal was brought down, allowing captain Mikel Oyarzabal to calmly convert from the spot and hand Spain a deserved lead.

France attempted to respond through tournament top scorer Kylian Mbappé, but Didier Deschamps’ side struggled to impose themselves against Spain’s disciplined midfield and relentless pressing. The return of Aurélien Tchouaméni added steel in midfield, yet Spain continued to dominate possession and limit Les Bleus to few clear-cut opportunities.

Spain doubled their advantage in the 58th minute through Pedro Porro. Dani Olmo initiated a swift attacking move before releasing Porro, who surged into the area and finished clinically beyond Mike Maignan to put Luis de la Fuente’s side firmly in control. Yamal thought he had added a third moments later, only for his effort to be ruled out for offside after a VAR review.

Despite introducing fresh attacking options in the closing stages, France failed to find a way past goalkeeper Unai Simón, who recorded his sixth clean sheet of the tournament. Spain’s organised defence successfully contained Mbappé and company throughout the contest, preserving another impressive shutout on the road to the final.

The victory also continued Spain’s recent dominance over France, having now defeated Les Bleus in three consecutive major tournament meetings following successes at UEFA Euro 2024 and the 2025 UEFA Nations League. Luis de la Fuente’s side have blended youthful brilliance with tactical discipline throughout the tournament and now stand one win away from lifting a second FIFA World Cup trophy.

For France, the defeat ends an impressive run that had seen them reach the last two World Cup finals. While Deschamps’ men arrived in the semi-finals with the tournament’s leading scorer in Mbappé and ambitions of making history, they were ultimately outplayed by a Spain side inspired by the fearless performances of Yamal and an outstanding collective display.

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