The National Bureau of Statistics (nbs) attributes the droppings in headline inflation to the rebasing exercise it carried out five months ago, with the new base year set at 2024 instead of 2009.

NBS, in the report published on its website on Monday, headline inflation further declined to 14.45 percent compared with 16.05 percent recorded in October 2025.

NBS said that the Consumer Price Index rose to 130.5 points in November 2025 from 128.9 points in October, reflecting a 1.6-point increase from the preceding month (128.9).“

Looking at the movement, the November 2025 Headline inflation rate showed a decrease of 1.6 per cent compared to the October 2025 Headline inflation rate,” the NBS report read.

On a month-on-month basis, headline inflation stood at 1.22 per cent in November, higher than the 0.93 per cent recorded in October, indicating that average prices still increased at a faster pace during the month despite the moderation in annual inflation.

The statistical agency noted that on a year-on-year basis, headline inflation in November 2025 was 20.15 percentage points lower than the 34.60 per cent recorded in November 2024, largely reflecting the effect of the rebasing exercise, with the new base year set at 2024 instead of 2009.

Data from the report showed that the average CPI for the twelve months ending November 2025 increased by 20.41 per cent compared with the average of the preceding twelve months, representing a sharp slowdown from the 32.77 per cent recorded in November 2024.

The Centre for the Promotion of Private Enterprises (CPPE) has recommended policy interventions necessary to maintain power availability for households and businesses in 2026.

CPPE in its policy brief on Power Sector, released on December 14, 2025, noted that Nigeria’s power sector remains one of the most challenging areas of the country’s economic reform agenda.

Dr Muda Yusuf , its CEO, noted :” Despite multiple reform efforts over the years, the sector continues to face deep structural, financial, and governance challenges.

These challenges are multi-dimensional, spanning political economy constraints, tariff distortions, weak investor capacity, transmission bottlenecks, and a persistent liquidity crisis across the value chain.”

Dr Yusuf emphasised that the rising power sector debt currently at about ₦4 trillion, is fiscally unsustainable without deeper structural corrections, improved transparency, and gradual but credible reform implementation.

CPPE, he said, therefore calls for decisive action by the government through the industry’s regulators , the GENCOs and the Discos, to address structural inefficiencies, improve governance, and ensure fiscal discipline.

“A balanced approach—combining short-term government support with medium- to long-term structural reform—is essential to building a financially viable, reliable, and inclusive power sector that can support Nigeria’s economic growth and development,” said Dr Yusuf.

•Abdul Samad Rabiu

Abdul Samad Rabiu, the Chairman of BUA Group, on Saturday, Dec. 13, 2025, shared $20.7 million (about N30 billion )in cash rewards to staff for their long -service and loyalty across the conglomerate.

The payouts were announced at the BUA Night of Excellence Long Service Awards held at Eko Hotel & Suites in Victoria Island, Lagos.

The annual event, which brought together staff across BUA Group and its subsidiaries, was designed to recognize years of service, loyalty and day-to-day contributions that often go unnoticed outside company walls.

At the ceremony, Rabiu approved cash awards spanning multiple levels of the organization.

Five employees received N1 billion ($691,000) each, while another five were awarded N500 million ($345,000). Several others went home with N100 million ($69,000), and dozens more received sums ranging from N5 million ($3,450) to N20 million ($13,810), ensuring the rewards extended beyond senior staff and reflected the breadth of the workforce.

The awards build on a pattern that employees say has become familiar at BUA.

See video below:

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