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
Miscreants Attack Lekki Palm Estate
Residents have called on relevant authorities to swiftly address the matter and ensure the continued safety of lives and property within the estate.

Tension gripped Lekki Palm Estate on Thursday morning following an attack by a group of suspected miscreants who claimed they were acting on the directives of the Oba of Lagos, Oba Rilwan Akiolu, and Oba Olumegbo.

Eyewitnesses said that the individuals stormed the estate and invoked the monarchs name while carrying out their actions, a development that immediately caused panic and concern among residents.
As at the time of filing this report, the claim that the group was sent by the Oba’s could not be independently verified.
Efforts to obtain clarification from official palace sources were still ongoing.
The situation attracted the prompt response of security operatives, with officers of the Lagos State Police Command arrested some of the suspects.
Police authorities have since launched investigations to determine the circumstances surrounding the incident and the authenticity of the claims made by those involved.
Residents have called on relevant authorities to swiftly address the matter and ensure the continued safety of lives and property within the estate.
News
Rivers Chief Judge : “Why I Can’t set up Fubara ‘s probe panel”
The Rivers State House of Assembly had requested that Amadi set up a seven-member panel to probe Fubara and his deputy, Ngozi Odu, over allegations of gross misconduct.
The Chief Judge of Rivers State, Justice Simeon Amadi, has declined to set up a judicial panel to investigate Governor Siminalayi Fubara, citing a court order.
The Rivers State House of Assembly had requested that Amadi set up a seven-member panel to probe Fubara and his deputy, Ngozi Odu, over allegations of gross misconduct.
However, in a letter dated January 20, and addressed to the Speaker of the House, Martins Amaewhule, the chief judge cited two court orders barring him from receiving, forwarding, or considering any requests to form such a panel.
The judge stated that the orders were served on his office on January 16, 2026 and remain in force.
The chief judge emphasised that constitutionalism and the rule of law require all authorities to obey subsisting court orders, irrespective of their perception of the orders’ validity.
He referenced legal precedents, noting that in a similar case in 2007, the Chief Judge of Kwara State was condemned for ignoring a restraining court order when setting up an investigative panel, a decision later voided by the Court of Appeal
News
Kudirat Abiola’s Murder: Supreme Court Dismisses Lagos State Appeal for Retrial of Al-Mustapha
Justice Aba-Aji, delivering the ruling, emphasized that nine years was more than sufficient for Lagos to act.
• Kudirat Abiola in 1994.
The Supreme Court has dismissed the long-standing attempt by the Lagos State Government to reopen the trial of Major Hamza Al-Mustapha (rtd), former Chief Security Officer to the late Head of State, General Sani Abacha, over the murder of Alhaja Kudirat Abiola.
Kudirat Abiola, wife of Chief MKO Abiola—the presumed winner of the annulled June 12, 1993 presidential election—was assassinated in Lagos on June 4, 1996, during the nationwide unrest that followed the annulment.
On Thursday, 22 January 2026, a five-member panel of Justices led by Justice Uwani Aba-Aji ruled that Lagos had abandoned its appeal.
The Court noted that since 2014, when permission was granted to reopen the case, the state had failed to file any process or provide legal representation despite repeated hearing notices.
Senior Advocate of Nigeria Paul Daudu, representing Al-Mustapha, informed the Court that Lagos had ignored the 30-day ultimatum issued in 2014 to file its notice of appeal.
He urged the Court to dismiss the matter entirely, a position the Justices unanimously upheld.
Justice Aba-Aji, delivering the ruling, emphasized that nine years was more than sufficient for Lagos to act.
The Court expressed dismay that no steps were taken, describing the state’s conduct as a clear abandonment of the case.
Accordingly, the matter marked SC/CR/45/2014 was dismissed, along with another related appeal, SC/CR/6/2014, filed by the Lagos State Government.
In 2014, the Supreme Court had granted Lagos permission to challenge the Court of Appeal’s July 12, 2013 judgment, which discharged and acquitted Al-Mustapha.
The then Acting Chief Justice of Nigeria, Justice Walter Onnoghen, extended the time for Lagos to file its appeal, but the state failed to comply.
The Lagos Government had sought to overturn the appellate court’s decision and reinstate the January 30, 2012 death sentence handed down by Justice Moji Dada of the Lagos High Court, which convicted Al-Mustapha, Mohammed Abacha, and Lateef Shofolahan of conspiracy and murder.
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