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
Senate reconvenes today to resolve Electoral Act amendment outrage
The upper chamber had adjourned plenary for two weeks last Wednesday after passing the Electoral Act amendment bill, to enable lawmakers to engage with heads of Ministries, Departments, and Agencies (MDAs) in the defence of their 2026 budget proposals.
Photo: Senate President , Godswill Akpabio
It is reconvening today for an emergency plenary session amid growing demands for the inclusion of mandatory electronic transmission of results in the amendment to the Electoral Act.
The upper chamber had adjourned plenary for two weeks last Wednesday after passing the Electoral Act amendment bill, to enable lawmakers to engage with heads of Ministries, Departments, and Agencies (MDAs) in the defence of their 2026 budget proposals.
The notice of the emergency sitting was contained in a memo dated 8 February and circulated to senators.
It was signed by the Clerk of the Senate, Emmanuel Odo.
In the memo, Mr Odo said he was acting on the directive of the Senate President, Godswill Akpabio.
The memo did not state the reason for the emergency plenary.
However, there are strong indications that it is connected to the outrage over the Electoral Act amendment bill passed last Wednesday before the adjournment.
Although several provisions of the law were amended, public attention has focused mainly on one controversial clause: the rejection of mandatory electronic transmission of election results from polling units to the Independent National Electoral Commission’s (INEC) Result Viewing Portal (IREV).
News
PAACA Thumbs Up Protest over Senate’s Rejection of Electronic Transmission of Election Results
PACCA emphasised that the conversation should go beyond the election transmission of results to cover collation and more in depth involvement of political parties .
• Peter Obi address the protesters in front of the National Assembly
The Executive Director of the Peering Advocacy and Advancement Centre in Africa (PAACA), Ezenwa Nwagwu, has described the protest around the transmission of election results in real-time as a step in the right direction.
Nwagwu made the declaration during an interview with ARISE NEWS on Monday.
“The current agitation that we have seen around the electoral act amendment is positive.
Positive in the sense that we have continued to ask for more and more citizen oversight over governance, over the activities of those who govern us,” he said.
PACCA emphasised that the conversation should go beyond the election transmission of results to cover collation and more in depth involvement of political parties
News
NGE Urges Senate: Make Electronic Transmission of Election Results Mandatory and Immediate
The Nigerian Guild of Editors (NGE) has voiced strong concern over the Senate’s recent stance on the transmission of election results in the ongoing Electoral Act amendment process, warning that it is eroding public trust ahead of the 2027 general elections.
In a press statement, the NGE described the Senate’s decision to retain non-mandatory provisions—similar to those in the 2022 Electoral Act—as a step backward that fosters doubt and mistrust in Nigeria’s electoral system.
The group highlighted widespread public outrage, noting that the position contradicts the demands of most Nigerians and many lawmakers for compulsory, real-time electronic transmission from polling units to INEC’s central server and collation centres.
The NGE emphasized that mandatory and immediate transmission has become a global standard for enhancing transparency, efficiency, accuracy, and voter confidence while reducing fraud and disputes.
At a time when other democracies are advancing digital reforms, Nigeria risks missing a key opportunity to strengthen electoral integrity and democratic governance, the statement said.
With the National Assembly set to harmonize positions between the Senate and House of Representatives tomorrow (February 10, 2026), the Guild called on lawmakers to approve mandatory real-time transmission in the final bill.
Anything less, it warned, would be out of step with progressive electoral practices and could further discourage voter participation while undermining confidence that votes will count.
The statement comes amid broader backlash following the Senate’s February 4 passage of the Electoral Act (Amendment) Bill 2026, which rejected proposals for compulsory e-transmission, prompting criticism from civil society, opposition parties, labour unions, and other stakeholders.
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