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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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Alleged Coup Plotters Plead Not Guilty

Consequently, ‎‎they are remanded in the DSS custody following Justice Joyce Abdulmalik adjournment of the matter till April 27 for commencement of trial and for bail hearing. ‎‎

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Six persons linked to an alleged plot to topple the government of President Bola Tinubu have pleaded not guilty to the charges in the case holding at the Federal High Court in Abuja.‎‎

Consequently, ‎‎they are remanded in the DSS custody following Justice Joyce Abdulmalik adjournment of the matter till April 27 for commencement of trial and for bail hearing. ‎‎

Retired Major General Mohammed Ibrahim Gana (brought to the courtroom in a wheelchair), retired Naval Captain Erasmus Victor, Inspector Ahmed Ibrahim, Zekeri Umoru, Bukar Goni, and Abdulkadir Sani are accused of having conspired in 2025 to “levy war against the state” and overthrow the President.‎‎

The Attorney General, Lateef who instituted the lawsuit attended as the lead prosecutor in the matter.‎‎

The defendants face a 13-count charge which includes the allegation that they shared over N71 million for terrorism financing, failed to report prior knowledge of a treasonable plot by one Colonel Mohammed Alhassan Ma’aji and others, and neglected to prevent it.‎‎

Former Minister of State for Petroleum Timipre Sylva is named but remains at large.  ‎‎

Subsequent counts allege that the accused knew of an impending act of treason and terrorism by Colonel Ma’aji and others but failed to disclose it to the relevant authorities, in violation of the Terrorism (Prevention and Prohibition) Act, 2022.‎‎

Abdulkadir Sani, a Zaria-based cleric, is accused of indirectly retaining N2,000,000 in a Jaiz Bank account, while Bukar Kashim Goni allegedly retained N50 million in his First Bank account. ‎‎Zekeri Umoru faces charges of accepting N10 million in cash from Colonel Ma’aji and retaining nearly N8.8 million in a Zenith Bank account — all sums reasonably suspected to be proceeds of terrorism financing.

‎‎After the defendants took their plea, the Attorney General, Lateef Fagbemi prayed the court to remand the defendants in DSS custody.

He urged counsel to all six defendants to follow protocols, assuring that none of them would be barred from accessing their clients if they do so.

‎‎Fagbemi noted this after a number of the defendants’ clients said they had not been allowed access while they were on remand in custody of the Defence Intelligence Agency DIA.

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LASG Fixes Last Saturdays Monthly Environmental Sanitation 6:30 am – 8:30 am

In a statement on Wednesday, the Commissioner for Environment and Water Resources, Tokunbo Wahab, confirmed that the exercise is set to resume on Saturday, April 25, 2026, with movement restrictions and enforcement measures in place.

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Tokunbo Wahab

The Lagos State government declared that environmental sanitation exercise will hold every last Saturday of the month between the hours of 6:30 am and 8:30 am.

In a statement on Wednesday, the Commissioner for Environment and Water Resources, Tokunbo Wahab, confirmed that the exercise is set to resume on Saturday, April 25, 2026, with movement restrictions and enforcement measures in place.

“During this period, there will be controlled movement across the state to allow residents to carry out thorough cleaning of their homes, surroundings and drainage frontages,” he’s said.

He stated that enforcement teams comprising officials of the ministry, Lagos State Environmental Protection Agency, Kick Against Indiscipline, Lagos Waste Management Authority, and local government sanitation inspectors would “conduct physical inspections during and after the sanitation window to ensure compliance.

“Defaulters will be sanctioned in accordance with the Lagos State Environmental Management and Protection Law of 2017,” he warned.

Wahab added that LAWMA intervention trucks will go around to cart away bagged wastes generated during the exercise,” noting that “there will be rewards for the cleanest Local Government Area, Local Council Development Area, and the cleanest street as part of efforts to encourage healthy competition and community participation.”

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JUST IN: Alleged Coup Plotters Set for Arraignment at Noon Wednesday

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The alleged coup plotters in Nigeria’s foiled treason scheme will be arraigned before Justice Joyce Abdulmalik at the Federal High Court at noon This Wednesday.

‎The Attorney-General’s office confirmed the development moments ago.

On Monday, the federal government filed charges under FHC/ABJ/CR/206/2026, signed by the Attorney General Lateef Fagbemi, SAN, accusing retired Major General Mohammed Ibrahim Gana, retired Naval Captain Erasmus Victor, Inspector Ahmed Ibrahim, Zekeri Umoru, Bukar Goni, and Abdulkadir Sani of conspiring in 2025 to “levy war against the state” and overthrow the President—punishable under Section 37(2) of the Criminal Code.

‎The charges also allege they shared over N71 million for terrorism financing, failed to report prior knowledge of a treasonable plot by one Colonel Mohammed Alhassan Ma’aji and others, and neglected to prevent it. Former Minister of State for Petroleum Timipre Sylva is named but remains at large.

‎In Count One, the defendants are accused of conspiring with others sometime in 2025 in Abuja to levy war against the state in order to overthrow Nigeria’s President, Bola Tinubu — an offence punishable under Section 37(2) of the Criminal Code.

‎Subsequent counts allege that the accused knew of an impending act of treason and terrorism by Colonel Ma’aji and others but failed to disclose it to the relevant authorities, in violation of the Terrorism (Prevention and Prohibition) Act, 2022.

‎Particularly damning are the money laundering and terrorism financing counts.

Abdulkadir Sani, a Zaria-based cleric, is accused of indirectly retaining N2,000,000 in a Jaiz Bank account, while Bukar Kashim Goni allegedly retained N50 million in his First Bank account.

Zekeri Umoru faces charges of accepting N10 million in cash from Colonel Ma’aji and retaining nearly N8.8 million in a Zenith Bank account — all sums reasonably suspected to be proceeds of terrorism financing.

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