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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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Police Debunk Viral “Terror Attack” Video in Abuja, Launch Investigation

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The Federal Capital Territory (FCT) Police Command has dismissed as false and misleading a viral video claiming terrorists were advancing on Abuja with heavy gunfire.

In a statement on Thursday, the Command said there was no terrorist attack or security breach anywhere in the Federal Capital Territory.

Commissioner of Police, Ahmed Sanusi, described the video as a deliberate attempt to incite panic and spread misinformation.

According to the Police Public Relations Officer, SP Josephine Adeh, preliminary investigations revealed that the gunshots in the footage were manipulated and edited from an unrelated source, then superimposed on visuals of buildings under construction at an unidentified location.

The Commissioner has ordered a full forensic analysis to trace the origin of the video and identify those responsible for prosecution.

The FCT Police warned content creators and social media users against spreading false information that could cause fear and public disorder.

Residents were urged to disregard the video and refrain from sharing unverified content.

The Command reassured residents of its commitment to maintaining safety and security in the FCT.

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US Declares 23 Nigerian States High-Risk for Citizens

Southern and Southeastern states were not spared. The Department urged caution in Abia, Anambra, Bayelsa, Delta, Enugu, Imo, and Rivers (excluding Port Harcourt), citing crime, kidnapping, and violent protests.

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Photo: President Donald Trump; President Bola Tinubu

The United States Department of State has classified 23 Nigerian states “High Insecurity Risks” for its citizens to go , work and live.

In an updated travel advisory issued on Wednesday, the Embassy in Nigeria urged Americans to reconsider travel to Nigeria, with certain states classified under “Level 4: Do Not Travel” due to heightened security risks.

Plateau, Jigawa, Kwara, Niger, and Taraba were added to the list, bringing the total to 23 states where travel is strongly discouraged.

In Northern Nigeria, the advisory highlighted Borno, Jigawa, Kogi, Kwara, Niger, Plateau, Taraba, Yobe, and northern Adamawa as particularly high-risk, citing terrorism, kidnapping, and violent crime.Bauchi, Gombe, Kaduna, Kano, Katsina, Sokoto, and Zamfara were also flagged due to civil unrest, widespread crime, and kidnappings.

“The security situation in these states is unstable and uncertain due to civil unrest. Widespread violence between communities and armed crime, including kidnapping and roadside banditry.

“Security operations to counter these threats may occur without warning,” the advisory warned.

Southern and Southeastern states were not spared. The Department urged caution in Abia, Anambra, Bayelsa, Delta, Enugu, Imo, and Rivers (excluding Port Harcourt), citing crime, kidnapping, and violent protests.

“Crime is widespread in Southern Nigeria. There is a high risk of kidnapping, violent protests, and armed gangs,” the advisory stated.

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INEC releases updated voters registration figure nationwide

Youth participation remained dominant, with citizens aged between 18 and 34 accounting for 2,354,768 registrants, representing 68.43 per cent of the total figure.

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The Independent National Electoral Commission has recorded over 3.4 million new voters in the ongoing second phase of the Continuous Voter Registration exercise nationwide.

The figure is disclosed by the Commission in its week 13 update released on Wednesday in Abuja.

” A total of 3,441,121 registrations have been completed as of April 3, covering both online pre-registrations and physical walk-ins,” said INEC .

Given the breakdown, INEC explained that 2,068,384 citizens completed their registration online, while 1,372,737 others registered physically at designated centres across the country.

State-by-state data showed that Jigawa recorded the highest number of registrants with 201,047, representing 5.84 percent of the total.

Lagos followed with 181,095, while Kano ranked third with 177,681 registrations.Youth participation remained dominant, with citizens aged between 18 and 34 accounting for 2,354,768 registrants, representing 68.43 per cent of the total figure.

Gender distribution indicated a higher turnout among women, with females accounting for 1,922,143 registrations (55.86 percent), compared to 1,518,978 males (44.14 percent).

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