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NBS Rebases January Inflation Basket to 24.48%

The bureau put food inflation at 26.08 percent year-on-year.

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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.”

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Lagos shuts construction site, issues warning over illegal structures

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The Lagos State Building Control Agency (LASBCA) has sealed a construction site and issued a 72-hour ultimatum to another property within the Lekki–Ikoyi corridor for engaging in unauthorised development.

In a statement released on X (formerly Twitter), the agency said its officials sealed a building under construction at Femi Okunnu Road, Alexander Avenue, after the developers failed to obtain the necessary building permits.

LASBCA stressed that strict adherence to building regulations remains essential to curb the rise of illegal structures and ensure safety and orderly urban development across Lagos.

The agency also issued a 72-hour ultimatum to QMB Mart to dismantle all illegal structures erected on Coastal Road and under the powerline.

According to the Special Adviser to the Governor on E-GIS and Urban Development, Dr. Olajide Abiodun, the space in question was originally designated as a parking lot but had been converted into a commercial complex without proper approvals.

“The occupants allegedly turned the area into a commercial hub, erecting a laundromat, clubhouse, and eatery without authorisation,” Abiodun said. “Development in Lagos must follow due process. Any structure built without approval or any change in the use of government-allocated spaces without consent is illegal. We are committed to upholding the state’s master plan.”

The General Manager of LASBCA, Gbaye Florence, reaffirmed the agency’s commitment to sustained monitoring and enforcement across all development zones.

“Our duty is to ensure that all buildings in Lagos meet safety and regulatory standards,” she stated. “Anyone who erects structures without approval will be identified, marked, and subjected to necessary enforcement actions.”

LASBCA added that the ongoing enforcement drive will continue across the state as part of efforts to eliminate illegal constructions and promote a safer, well-planned Lagos.

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Anti-Trump Protest Breaks out in Kano (Photos)

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Islamic groups in Kano State are currently protesting against recent moves by United States President, Donald Trump, to intervene in the country’s security crisis.

The protesters trooped out on Saturday to counter Trump’s claim of Christian genocide in Nigeria.

They were seen displaying placards with different inscriptions such as ‘We condemn Trump’s threat to attack Nigeria’, ‘There is no Christian genocide in Nigeria’, ‘America wants to control our resources’, amongst others.

Islamic groups in Kano State are currently protesting against recent moves by United States President, Donald Trump, to intervene in the country’s security crisis.

The protesters trooped out on Saturday to counter Trump’s claim of Christian genocide in Nigeria.

They were seen displaying placards with different inscriptions such as ‘We condemn Trump’s threat to attack Nigeria’, ‘There is no Christian genocide in Nigeria’, ‘America wants to control our resources’, amongst others.

Ohibaba recalls that Trump recently designated Nigeria as a ‘Country of Particular Concern’ over the alleged persecution of Christians in the country.

The US President subsequently threatened that if the Nigerian government fails to address the killing of Christians, the American military will intervene.

The Nigerian government has since denied the alleged Christian genocide, describing it as false.

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Kogi Govt Revokes Illegal Land Consent Approvals, Orders Revalidation Within Four Weeks

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The Kogi State Government has withdrawn the powers of land owners to issue consent approvals, directing that such authority will now reside solely with the Office of the Executive Governor of the State.

This was one of the key resolutions reached at the Kogi State Executive Council meeting held on Thursday, 6th November, 2025, at the New EXCO Hall, Government House, Lokoja, under the chairmanship of Governor Ahmed Usman Ododo.

Briefing newsmen at the end of the Executive Council Meeting, the Commissioner for Information and Communications, Hon. Kingsley Femi Fanwo said with the new directive, all previously issued consent approvals by land owners are now declared invalid, while holders of such documents have been given four weeks to revalidate them at the Office of the Executive Governor.

Fanwo explained that the decision was taken after the government discovered that several individuals were in possession of forged consent approvals, which pose both administrative and security threats to the state.

He said the revalidation process would enable the government to properly profile all land users, ensure genuine ownership, and enhance security across communities.

“We have found that many of the consent approvals being paraded are fake, and the state has no record of those holding them.

This situation poses a serious security risk. By centralizing the process and revalidating existing consents, we will know who occupies our land and for what purpose”, he stated.

The Commissioner said Governor Ododo’s administration remains committed to transparency, orderliness, and the protection of both citizens and investors in land administration, stressing that the move was in the overall interest of public safety and sustainable development.

He assured the citizens that the government will continue to implement policies that strengthen governance structures and safeguard the integrity of state assets.

Other key highlights from the Executive Council meeting included directives to Commissioners to provide three boreholes each in their local government areas, the restriction of articulated vehicles on Lokoja roads during the day, approval for transformer procurement across senatorial districts, and consideration of the 2026 Draft Budget christened “Budget of Shared Prosperity.”

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