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Nigeria Inflation Eased in December

FILE: A shop assistant arranges products at the South African firm Shoprite's main store in Nigeria's commercial capital Lagos. Taken April 29, 2010.
FILE: A shop assistant arranges products at the South African firm Shoprite's main store in Nigeria's commercial capital Lagos. Taken April 29, 2010.

Annual inflation in Nigeria dipped in December to 21.34% after 10 straight monthly increases, the statistics bureau said on Monday, ahead of a central bank meeting to set interest rates next week.

The National Bureau of Statistics (NBS) had attributed rising inflation, which hit 21.47% in November, to a sharp increase in demand ahead of the holiday season and a rise in production costs coupled with a weaker naira currency.

Earlier, the government reported that Nigeria's Consumer Price Index (CPI) rose some 18.37% in the 12 months ending in November, 2022.

The central bank meets next week Tuesday to decide on rates in Africa's largest economy. It has previously said it would continue with rate hikes started in 2022 if inflation remained elevated.

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Meta Toughens Content Curbs for Teens on Instagram, Facebook

FILE - Woman holds smartphone with Meta logo in front of a displayed Facebook's new rebrand logo Meta in this illustration picture
FILE - Woman holds smartphone with Meta logo in front of a displayed Facebook's new rebrand logo Meta in this illustration picture

WASHINGTON — Meta on Tuesday said it was tightening up content restrictions for teens on Instagram and Facebook as it faces increased scrutiny that its platforms are harmful for young people.

The changes come months after dozens of U.S. states accused Meta of damaging the mental health of children and teens, and misleading users about the safety of its platforms.

In a blog post, the company run by Mark Zuckerberg said it will now "restrict teens from seeing certain types of content across Facebook and Instagram even if it's from friends or people they follow."

This type of content would include content that discusses suicide or self-harm, as well as nudity or mentions of restricted goods, the company added.

Restricted goods on Instagram include tobacco products and weapons as well as alcohol, contraception, cosmetic procedures and weight loss programs, according to its website.

In addition, teens will now be defaulted into the most restricted settings on Instagram and Facebook, a policy that was in place for new users and that now will be expanded to existing users.

This will "make it more difficult for people to come across potentially sensitive content or accounts in places like Search and Explore," the company said.

Meta also said that it will expand its policy of hiding results to searches related to suicide and self harm to include more terms.

Leaked internal research from Meta, including by the Wall Street Journal and whistle-blower Frances Haugen, has shown that the company was long aware of dangers its platforms have on the mental health for young people.

On the platforms, teens are defined as being under eighteen, based on the date of birth they give when signing up.

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