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NBS Rebases January Inflation Basket to 24.48%

The bureau put food inflation at 26.08 percent year-on-year.

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The National Bureau of Statistics (NBS) has stated that Nigeria’s Headline Inflation dropped to 24.48 percent for the month of January 2025, from 34.80 percent in December 2024.

The bureau put food inflation at 26.08 percent year-on-year.

Speaking during a press briefing on Tuesday in Abuja, the Statistician of the Federation and the CEO of NBS, Prince Adeyemi Adeniran, said the new figure was as result of the rebasing of Nigeria’s inflation basket to keep it updated to international standard.

He stated that the country last rebased its inflation in 2009, thus using prices of goods prominent during the period.

“This rebasing process also allows Statistical Offices to introduce methodological enhancements to their computation procedures and align with global best practices.”

“Under this process, NBS is not only bringing the base year closer to the current period, from 2009 to 2024, but we have also introduced some critical methodology changes to improve the computation processes and quality of the estimates.

“Under the CPI, important enhancements have been made to the methodology.

Some of the improvements include the transition to the latest version of the classification method, the Classification of Individual Consumption.

According to Purpose (COICOP) 2018 version, from the 1999 version of COICOP, the new version has 13 divisions, bringing in household expenditure on Insurance and Financial Services, which now has a weight of 0.5% relative to the total household expenditure.

Another important improvement is the exclusion of own-production, imputed rents, and gifted items from the aggregates used to come up with the weights.

This is because CPI is a monetary phenomenon. Hence, the computations should only include monetary expenditure.

Also implemented under this rebasing is the movement of expenditures on meals away from home to the appropriate divisional class.

These changes are quite significant and appropriately align expenditures to their respective classes, enabling price changes to be measured properly.”

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Police Obeys Court Order to Suspend Tinted Glass Permits Enforcement

The court issued the interim order during a hearing in Suit No. FHC/WR/CS/103/2025 instituted by John Aikpokpo-Martins against the IGP and the police.

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The Nigeria Police Force has announced the suspension of vehicle tinted glass permit because of a court order halting the enforcement for now.

Spokesperson for the Federal Capital Territory (FCT) Police Command, SP Josephine Adeh confirmed the suspension on Wednesday, October 8.

Recall Federal High Court in Warri, Delta State, last week ordered the Nigeria Police Force and the Inspector-General of police (IGP) to suspend the enforcement of the tinted glass permit across the country.

The court ordered the police and the IGP to maintain the status quo and “respect judicial processes pending further proceedings in the matter.”

The court issued the interim order during a hearing in Suit No. FHC/WR/CS/103/2025 instituted by John Aikpokpo-Martins against the IGP and the police.

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My resignation not admission of guilt – Nnaji

My decision to step aside is therefore a personal choice, not an admission of guilt. It is a principled decision to respect the sanctity of due process and to preserve the integrity of the judicial proceedings currently before the court

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The Minister of Innovation, Science, and Technology, Geoffrey Nnaji, says his resignation from President Bola Tinubu’s cabinet is not an admission of guilt but a personal choice.

Nnaji, who was appointed in August 2023, announced his resignation in a letter to the President on Tuesday, expressing appreciation for the opportunity to serve.

This is contained in a statement he signed in Abuja.

Nnaji was appointed as minister by the administration of President Bola Tinubu in August 2023, but resigned amidst controversies surrounding allegations of certificate forgery.

He noted that over the past week, an orchestrated, sustained campaign of falsehood, politically motivated, and malicious attacks was waged against him across print, electronic and social media platforms.

Nnaji emphasized that these unfounded allegations and media distortions not only caused personal distress but also distracted him from work.

He had put in five decades building a reputation anchored on hard work, honour and service to humanity.

Nnaji said that he could not, in good conscience, allow these distortions to cast a shadow over the noble objectives of the present administration.

“My decision to step aside is therefore a personal choice, not an admission of guilt. It is a principled decision to respect the sanctity of due process and to preserve the integrity of the judicial proceedings currently before the court, ” he said.

Nnaji expressed optimism that in the end, justice will vindicate the just.

(VANGUARD)

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Nnamdi Kanu’s Health: NMA Panel To Give Report on 16 October

Acting on the direct order of the Federal High Court, the NMA committee—made up of cardiologists, neurologists, and senior specialists—was tasked with one question: Is Nnamdi Kanu fit to stand trial? ‎‎

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A special medical panel of the Nigerian Medical Association (NMA) now has 16 October to give its report on the health status of Nnamdi Kanu, leader of the proscribed Indigenous People of Biafra, who is on terrorism trial at the Federal High Court Abuja.

‎‎Justice James Omotosho gave the date after the prosecutor, Suraj Sa’aida SAN, informed the Court that the panel of the Nigerian Medical Association (NMA) was not ready. ‎‎

The prosecutor requested for a week to enable it to complete its assignment which was due this Wednesday.

This application was not opposed by the defence lawyers led by Kanu Agabi SAN.

In a short ruling, Justice Omotosho reminded all parties in the case of the court’s stance on accelerated hearing of the matter. ‎‎

The judge however noted that he is inclined to adjourn the matter till 16 October, which will be enough time for the medical panel to complete its job. ‎‎

Acting on the direct order of the Federal High Court, the NMA committee—made up of cardiologists, neurologists, and senior specialists—was tasked with one question: Is Nnamdi Kanu fit to stand trial? ‎‎

The intervention by the court follows weeks of conflicting claims from doctors of the DSS and Kanu’s private physician on his true state of health, amidst claims of deteriorating condition and alleged manipulation of medical records.‎‎

The NMA Committee’s mandate is to examine Kanu directly, both inside DSS custody and, if necessary, in external hospitals.

It must also assess whether DSS facilities are capable of handling his ailments—or if he should be transferred to the National Hospital in Abuja, or another specialized center.‎

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