Electron Native

Nigeria’s inflation rate has increased for the third consecutive month. With a 0.25% rise, it moved from 11.85% in October to 11.85% in November 2019 according to the National Bureau of Statistics. “The urban inflation rate increased by 12.47 percent (year-on-year) in November 2019 from 12.20 percent recorded in October 2019, while the rural inflation rate increased by 11.30 percent in November 2019 from 11.07 percent in October 2019,” the report reads. Food Items Source: The Market Food Shop Meanwhile, the composite food index rose by 14.48 per cent in November 2019 compared to 14.09 per cent in October 2019. This current rise in the food index is due to the increases in the prices of everyday foods such as bread, cereals, oils and fats, meat, potatoes, yam including other tubers like cassava and fish. When compared to October 2019, the food sub-index increased by 1.25 per cent in November 2019, down 0.08 per cent points from 1.33 percent recorde...

Eleven Tunisians were arrested at the birthplace of the Arab Spring due to renewed protests. This is similar to the 2010 uprising because like the first time the demonstrations started after self immolation of a young man that triggered outrage in the central region of Sidi Bouzid Angry residents blocked roads and attacked police on Saturday and Sunday nights, according to interior ministry spokesman Khaled Hayouni . Hayouni adds that youths aged between 11 and 18 attacked law enforcement officers during the night, throwing stones at them and wounding 20 officers. Security forces dispersed the youths with tear gas. Elsewhere in the region, several hundred people burned tyres and blocked roads. On Tuesday, the Tunisian Forum for Economic and Social Rights expressed "deep concern at the state of social tension in Jelma". This showed the failure of successive governments to devise concrete solutions to unemployment and lack of development in Tuni...

The African Development Bank (AfDB) has approved a $210 million loan to help Nigeria upgrade its electricity transmission and distribution network. AfDB Source: EnvironmentNews According to the bank, the loan to Transmission Company of Nigeria (TCN) will support construction of 330KV double circuit quad transmission lines and sub-stations across the country. The AfDB funded project will run across seven states and will improve the capacity of power grid where it is most constrained.   Nigeria privatised most of its power sector in 2013 but retained control of its monopoly grid, operated by TCN. Most of the country’s power generation is from thermal power stations that use gas. The power grid has often been blamed for hobbling growth in west Africa’s largest economy. AfDB’s acting vice president for Power & Energy, Wale Shonibare says implementing the project would increase evacuation from the south towards the north, where power supply is l...