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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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Ogun Orders Temporary Suspension of Lead Ingot Exports, Shuts Seven Plants

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The Ogun State Government has called for an immediate, temporary suspension of lead ingot exportation pending a full investigation into alleged lead contamination in the Ogijo area of Sagamu Local Government.

This position followed an on-the-spot inspection in Ogijo after a viral video raised concerns about possible lead poisoning in the community. The Commissioner for Environment, Ola Oresanya, led a combined team of experts from the Ministries of Environment and Health, the Ogun State Environmental Protection Agency (OGEPA), and the National Environmental Standards and Regulations Enforcement Agency (NESREA).

During the visit, the government ordered the closure of seven industries involved in Used Lead-Acid Battery recycling within the Ogijo axis.

Oresanya assured residents that there is no cause for panic, noting that the state will immediately commence a comprehensive Health and Process Audit of the affected facilities. This will include testing for lead levels in humans, soil, air, and water sources across the industrial community.

He added that the government will make the findings public once the investigation is completed, while also reviewing the methodology used in the earlier test results circulated in the media.

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Insecurity: Lagos Will Remain Peaceful, says Sanwo-Olu

At the routine meeting, which was chaired by Mr Sanwo-Olu, were the General Officer Commanding (GOC) 9 Brigade, Brig.-Gen. A.O. Owolabi, Group Capt. M.A. Imam, Commander 651 BSG, Nigerian Air Force, Commander NNS Beecroft Naval Base, Apapa, Commodore PP Nimmyel, Commissioner of Police Olohundare Moshood, representative of the Department State Services Director, A.B. Alade…

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Lagos State Governor, Babajide Sanwo-Olu assures that the State will remain peaceful for residents and all visitors amidst the insecurity across the nation.

Sanwo- Olu gave the assurance on Thursday during a meeting of the Security Council.

In a statement, Gbenga Omotoso HC (Information & Strategy, disclosed that the state’s security Council, which comprises heads of Security agencies in the state, met at the State House, Marina.

At the routine meeting, which was chaired by Mr Sanwo-Olu, were the General Officer Commanding (GOC) 9 Brigade, Brig.-Gen. A.O. Owolabi, Group Capt. M.A. Imam, Commander 651 BSG, Nigerian Air Force, Commander NNS Beecroft Naval Base, Apapa, Commodore PP Nimmyel, Commissioner of Police Olohundare Moshood, representative of the Department State Services Director, A.B. Alade, Secretary to the State Government Barr. Abimbola Salu-Hundeyin, Chief of Staff to the Governor Tayo Ayinde, Chief Security Officer to the Governor CSP Fagbemi Adekunle, and Lagos State Security Trust Fund (LSSTF) Executive Secretary Ayo Ogunsan.

After being briefed by the security chiefs, Governor Sanwo- Olu expressed satisfaction with their reports and assured all Lagosians and visitors that the Yuletide will truly be a season of goodwill.

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Police, PSC set up committee to recruit 30,000 new officers

The primary mandate of the Joint Ad-hoc Committee is to collaborate and brainstorm on creating a seamless, transparent, and efficient recruitment process.

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• Police IGP, Kayode Egbetokun

The Police Service Commission (PSC) and the Nigeria Police Force (NPF) have set up a high-powered joint Ad-hoc Committee to drive the immediate commencement of the recruitment of 30,000 new officers.

The PSC disclosed this in a statement on Thursday, following the inauguration of the Ad-hoc Committee on Wednesday, 26th November, 2025 by the Chairman, Police Service Commission DIG Hashimu Salihu Argungu (rtd) at the Police Service Commission Corporate Headquarters, Jabi, Abuja.

The establishment of the committee followed the presidential directive to bolster the numerical strength of the NPF and enhance national security.

The primary mandate of the Joint Ad-hoc Committee is to collaborate and brainstorm on creating a seamless, transparent, and efficient recruitment process.

It added that the committee will work to ensure the exercise is conducted with the highest standards of integrity and merit.

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