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
Tinubu, Shettima , Jonathan highlight political lessons from Gowon ‘s autobiography ‘My Life of Duty and Allegiance.’
Gowon, on his part, explained that he wrote the memoir to tell his truth rather than settle scores. “My story and that of Nigeria became intertwined,” he told the audience, describing the book as his “modest attempt to document the opportunity I had to serve Nigeria”.
Former Head of State Gen Yakubu Gowon (retd) on Tuesday launched an autobiography, titled ‘My Life of Duty and Allegiance.’
The book launch was graced by Former President Goodluck Jonathan ; Vice‑President Kashim Shettima, former Head of State Gen. Yakubu Gowon (rted) with his wife Victoria, Former Chief of Defence Staff, Gen. Martin Luther Agwai (rted) Sultan of Sokoto, Muhammadu Sa’ad Abubakar III , and former Head of State, Abdulsalami Abubakar, among other VIPs.
Speaking during the public presentation of the book at the Bola Ahmed Tinubu International Conference Centre, the president, who was represented by Vice-President Kashim Shettima, urged that the memoir be widely circulated to preserve historical memory and strengthen national unity.
President Tinubu emphasised that accounts from leaders who lived through defining moments are essential to deepening democratic stability.
“A nation that misplaces its memory soon begins to quarrel with its own reflection. A society without memory becomes an orphan in time,” he said.
Tinubu told the gathering that Gowon’s reflections arrive at a critical juncture for Nigeria and West Africa, where insecurity, economic pressure and social fragmentation persist.
He praised Gowon’s post-civil war reconciliatory stance, particularly the “No victor, no vanquished” declaration, as a principle that “helped preserve Nigeria’s unity after the civil war”.
Former President Goodluck Jonathan agreed to that Yakubu Gowon’s “No victor, no vanquished” declaration after the Nigerian civil war helped to create the basis for national healing across the country.
Jonathan lauded the former military head of state for his role in strengthening unity, promoting reconciliation and supporting youth development.
He described Gowon as a “living testimony” of leadership during one of Nigeria’s most consequential eras.
Gowon, on his part, explained that he wrote the memoir to tell his truth rather than settle scores. “My story and that of Nigeria became intertwined,” he told the audience, describing the book as his “modest attempt to document the opportunity I had to serve Nigeria”.
He cautioned Nigerians ahead of the 2027 election against listening to “naysayers”, insisting that the nation “did not fail under my watch” and “will never fail despite the country’s challenges”.
News
Nigeria-U.S kills 175 ISIS terrorists in fresh strikes – DHQ
The operations had also led to the destruction of terrorist checkpoints, weapons caches, logistics hubs, military equipment, and financial networks used to sustain insurgent activities.
•Director of Defence Information, Maj.-Gen Samaila Uba
The Defence Headquarters (DHQ) has announced that no fewer than 175 ISIS terrorists were killed on Tuesday in ongoing joint counterterrorism operations conducted by Nigerian troops and the United States Africa Command (AFRICOM) in Northeast Nigeria.
The military high command said that the coordinated operations, which commenced a few days ago, have continued to record significant successes against ISIS and ISWAP elements operating in the region.
This was contained in a statement issued by the Director of Defence Information, Maj.-Gen Samaila Uba.
According to the DHQ, the latest assessment as of May 19, 2026, showed that 175 ISIS militants had been eliminated from the battlefield through sustained ground and air assaults.
The statement noted that the operations had also led to the destruction of terrorist checkpoints, weapons caches, logistics hubs, military equipment, and financial networks used to sustain insurgent activities.
News
US Nigeria military eliminate more than 20 ISIS/ISWAP fighters in latest airstrike
Terrorists who threaten our citizens, communities and national stability will be located and defeated.
• US President Donald Trump
The United States Africa Command (AFRICOM) said Monday the U.S. and Nigerian forces carried out further strikes on ISIS targets on May 17, 2026 and eliminated more than 20 ISIS/ISWAP fighters in Nigeria’s North-East region.
In a statement posted on its official X handle on Monday, the combatant command said that the latest operation comes three days after had eliminated a senior ISIS commander and one of the world’s most wanted terrorists, Abu Bilal al-Minuki, during an operation conducted on Friday.
The statement reads:“On May 17, 2026, U.S. Africa Command, in coordination with the Government of Nigeria, conducted additional kinetic strikes against ISIS in Northeastern Nigeria.
“Intelligence confirmed the targets were ISIS militants. Complete assessments are ongoing. No U.S. or Nigerian forces were harmed.
“The removal of these terrorists diminishes the group’s capacity to plan attacks that threaten the safety and security of the U.S. and our partners.”
AFRICOM added that it remains committed to deploying specialised U.S. capabilities in support of partner nations to counter shared security threats and degrade terrorist networks operating across the region.
The Director Defence Information (DDI), Maj.-Gen. Samaila Uba, added that the multiple air strikes followed observed convergence and migration of terrorist elements, resulting in the elimination of more than 20 ISIS/ISWAP fighters.
“The Armed Forces of Nigeria will continue to aggressively defend the sovereignty, security and territorial integrity of the nation.
Terrorists who threaten our citizens, communities and national stability will be located and defeated.
“There will be no haven for all terrorists anywhere in Nigeria” the statement said.
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