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
I did not authorise manhandling of Obaseki, says Oba of Benin
The Benin monarch, who spoke in a statement signed by Secretary to the Benin Traditional Council, Frank Irabor, advised youth not to take the laws into their hands on any issue no matter the degree of provocation.
The Benin monarch, Oba Ewuare II, has said that he never authorised the manhandling of a former Managing Director of Daar Communication, Dr. Pedro Obaseki.Oba Ewuare II said he remained a father of all.
The former Daar Communication boss was, last Sunday, abducted where he was playing football by suspected thugs.
He was beaten, stripped naked and paraded through the streets of Benin City on allegation of being an ‘Oghionba’ (enemy of the Oba).
Obaseki was taken to the Oba’s Palace from where he was taken to the police station.
He was beaten, stripped naked and paraded through the streets of Benin City on allegation of being an ‘Oghionba’ (enemy of the Oba).Obaseki was taken to the Oba’s Palace from where he was taken to the police station.
But the Benin monarch, who spoke in a statement signed by Secretary to the Benin Traditional Council, Frank Irabor, advised youth not to take the laws into their hands on any issue no matter the degree of provocation.
In the statement, “The Benin Traditional Council use this medium to inform the general public that the unfortunate incidence in which Pedro Obaseki was manhandled was not authorized by the Oba of Benin.
And it cannot be authorized because it is not in the character of our revered monarch to do so. The Oba of Benin is a peace-loving father to all.
“The Benin Traditional Council also wish to advice our youth not to take the laws into their hands on any issue no matter the degree of provocation.
They should always respect the laws of the land in all actions and utterances and allow appropriate Security Agencies handle all matters.
“Social media users should equally endeavour to cross-check information appropriately before posting.”
News
Police arrests Kidnappers in “Love Nwantiti” with victims
During their captivity, the women reportedly pretended to reciprocate the suspects’ affections to survive, even exchanging phone numbers.
Kaduna police have arrested two suspected kidnappers who allegedly developed romantic feelings for the women they abducted.
The suspects are accused of abducting and sexually assaulting two married women.
During their captivity, the women reportedly pretended to reciprocate the suspects’ affections to survive, even exchanging phone numbers.
Acting on intelligence, police intercepted and arrested the suspects at the meeting location on Tuesday.
After being released, the women continued communication with the suspects and arranged a meeting under the pretense of a romantic encounter.
News
BREAKING: Kebbi Rice Mill Collapse , one dead, 5 trapped
The Kebbi State Government has expressed deep sympathy to the management and staff of NIA-AGRI following the partial collapse of a section of its rice mill in the state capital.

Photo: Deputy Governor, Senator Umar Abubakar Tafida, who led a high-powered delegation on an on-the-spot assessment visit to the facility…
A tragedy has struck in Kebbi State as a private Rice Milks Located in Birnin Kebbi metropolis has collapsed causing the death of a staff member while five other persons were trapped under the metal wreckage of the facility.
Kebbi State Deputy Governor, Umar Tafida has visited the site, where rescue efforts are still ongoing to save the five trapped victims.
The Kebbi State Government has expressed deep sympathy to the management and staff of NIA-AGRI following the partial collapse of a section of its rice mill in the state capital.
Deputy Governor, Senator Umar Abubakar Tafida, who led a high-powered delegation on an on-the-spot assessment visit to the facility on Tuesday evening, said the visit was aimed at ascertaining the extent of the damage and overseeing the emergency response.
Tragically, the delegation was informed at the site by the Project Engineer that the incident had resulted in at least one fatality.
It was further reported that five other individuals remained trapped under the rubble as of the time of the visit, with intensive rescue operations ongoing.
A combined team of the State Fire Service and Government Emergency Response workers has been engaged in continuous efforts to locate and rescue the trapped workers.
The cause of the collapse is yet to be determined.
The Deputy Governor indicated that a full investigation would be launched once the rescue phase is concluded.
The Kebbi State Government has pledged to continue supporting the rescue operation until all affected individuals are accounted for.
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