News
NBS Rebases January Inflation Basket to 24.48%
The bureau put food inflation at 26.08 percent year-on-year.
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.”
News
Minister of Power Apologise To Nigerians Over Blackouts
“I can tell you, with the committee that we have set up, and commitments from gas suppliers, and the timeline for repair of the gas pipelines, two weeks from now, we should start seeing improvements in supply. Two weeks,” Adelabu said.
The Minister of Power, Adebayo Adelabu, has apologised to Nigerians over the prolonged and severe electricity outages recorded in recent weeks across the country.
He acknowledged the strain the outages have caused on households and businesses in key sectors of the economy.
“I want to apologise to Nigerians, officially now, coming from me as the Minister of Power, for this temporary issue that is leading to hardship being experienced, especially during this dry season, where there is so much heat everywhere,” Adelabu said at a press briefing in Abuja on Tuesday
He admitted that the ongoing blackouts has worsened living conditions, particularly during the intense dry-season heat.
“Businesses are being affected, schools have been affected, and industries have been affected. It is not our wish to find ourselves in this situation, but it is due to some factors that are actually beyond our control, ”said Adelabu.
Despite the disruptions, Adelabu assured citizens that the situation would soon improve, offering a clear timeline for restoration of better power supply.
“I can tell you, with the committee that we have set up, and commitments from gas suppliers, and the timeline for repair of the gas pipelines, two weeks from now, we should start seeing improvements in supply. Two weeks,” Adelabu said.
News
BUK expels 171 students for admission frauds
The affected students cut across different departments and levels, describing the action as part of efforts to sanitise its academic records
The Senate of Bayero University Kano has approved the expulsion of 171 students over falsification of admission entry qualifications.
In a statement published in the university’s weekly bulletin on Friday, said that the decision was taken during the Senate’s 433rd meeting held on March 4, 2026.
It said that following an investigation by the Senate’s Committee on Entry Qualification Irregularities, the affected students were found to have presented falsified credentials during their admission processes.
The university noted that the offence constitutes a violation of Section 20.7, Category A (vii) of its General Examinations and Academic Regulations, which prescribes expulsion for such misconduct.
It added that the affected students cut across different departments and levels, describing the action as part of efforts to sanitise its academic records.
News
Tinubu renews determination to conquer insecurity nationwide
Tinubu revealed that security cooperation formed a major part of his recent engagements abroad, particularly during his visit to the United Kingdom, adding that his government was prepared to leverage Nigeria’s goodwill and existing credit lines to acquire the needed support.
President Bola Ahmed Tinubu said on Sunday that his administration is intensifying diplomatic engagements with world leaders to secure critical equipment and training support for Nigeria’s security and intelligence agencies as part of a renewed push to end insecurity across the country.
He disclosed this while receiving state governors who paid him a courtesy visit his Ikoyi residence in Lagos, where he observed the Eid-el-Fitr holidays after returning from his two-day state visit to the United Kingdom.
President Tinubu said that the discussions with international partners, including recent talks with French President Emmanuel Macron, were already yielding prospects for collaboration in strengthening Nigeria’s security architecture.
Tinubu revealed that security cooperation formed a major part of his recent engagements abroad, particularly during his visit to the United Kingdom, adding that his government was prepared to leverage Nigeria’s goodwill and existing credit lines to acquire the needed support.
“One of the major discussions in the UK is equipment and support. I can report to you that yesterday again, I had a lengthy discussion with Emmanuel Macron on their collaboration with us for equipment and support,” the President said.
He added that efforts were ongoing to reach out to other countries willing to assist Nigeria in combating insecurity through provision of modern tools and capacity building for security personnel.
“If we have to spend our goodwill and line of credit, we have those who are willing to support us with equipment and training,” Tinubu stated.
Describing insecurity as a direct threat to national development, the President stressed that tackling the menace remained a top priority for his administration, calling for collective action by all levels of government.
“Insecurity is an enemy of development, progress and prosperity. The next phase of our struggle is staring us in the face, and it is the challenge of insecurity in this country,” he said.
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