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
President Tinubu Leaves for 20th summit of the G20 Leaders
The G20 Summit, scheduled from Saturday, November 22 to Sunday, November 23, 2025, at the Johannesburg Expo Centre, will bring together leaders from the world’s top 20 economies, including representatives of the European Union, African Union, and global financial institutions.
“President Bola Tinubu will depart Abuja on Wednesday for a two-nation visit to Johannesburg, South Africa and Luanda, Angola.
This was disclosed in a statement released on Tuesday by the Special Adviser to the President on Information and Strategy, Bayo Onanuga.
“President Tinubu’s first stop is Johannesburg, where he will attend the 20th summit of the G20 Leaders. After the summit, he will proceed to Angola for the AU-EU summit,” it stated.
The statement added that President Cyril Ramaphosa, the South African leader and current G20 President, invited Tinubu to participate in this year’s edition, while President Luiz Inacio Lula da Silva of Brazil extended a similar invitation during his tenure in 2024.
The G20 Summit, scheduled from Saturday, November 22 to Sunday, November 23, 2025, at the Johannesburg Expo Centre, will bring together leaders from the world’s top 20 economies, including representatives of the European Union, African Union, and global financial institutions.
The theme of the summit, “Solidarity, Equality, Sustainability,” will guide discussions across three plenary sessions.
“Inclusive and Sustainable Growth; Leaving No One Behind: Building our economies, the role of trade, Financing for development and the Debt burden.“A Resilient World: the G20’s Contribution to Disaster Risk Reduction; Climate Change; Just Energy Transitions; Food Systems.“A fair and Just Future for All: Critical Minerals; Decent Work; Artificial Intelligence,” the statement noted.
News
SGF Akume’s Tributes to Dan Agbese
The Secretary to the Government of the Federation (SGF), Sen. Dr. George Akume has expressed sadness over the demise of veteran journalist, Mr. Dan Agbese.
In a statement on Tuesday by Terrence Kuanum Special Adviser on Public Affairs, Office of the Secretary to the Government of the Federation, Senator Akume lamented that Agbese left the stage at a critical time, noting that his fatherly role and vast experience would be missed.
Senator Akume said that, as a member of the pioneer trailblazers in the media industry who stood firm in defiance to iron-fist grip of military rule, championing the pathway for the restoration of democracy, his passing has created a huge vacuum that would be difficult to fill.
“His death was a monumental national loss. Dan Agbese was a fine gentleman to the core.
He was a man of strong conviction with unimpeachable character, and unwavering determination to achieve great goals against all odds. His perchance for justice, equity and fairness set him apart from the rest.” Sen. Akume stated.
The SGF added that, late Agbese’s sharp prose and decades-long contribution to journalism, that culminated into shaping modern investigative reporting and commentary on the socio-political landscape of Nigeria would be greatly missed by all.”
” Dan Agbese was a doyen of journalism and merchant of biting satire. He was such a versatile, bold and confident writer whose quill dripped brutal frankness.
A mentor and father that professionally refined his mentees and turned them into masters of the pen craft,” he added.
Senator George Akume admonishes the Agbese family, his friends and colleagues in the media industry to take solace in the exemplary and impactful lifestyle that he lived, and pray God for a repose of his soul.
News
JUST IN: Wike, Govs Makinde, Bala Clash at PDP Secretariat (Images / Video)
….. As PDP Leaders Accuse Police of Not Showing Neutrality in Crisis
There was a showdown at the PDP National Secretariat on Tuesday as governors of Bauchi and Oyo states have clashed with FCT Minister Nyesom Wike with both parties attempting to take over the National secretariat of the main opposition Peoples Democratic Party in the Wuse Zone 5 District of Abuja.

It was discovered that security operatives loyal to the FCT Minister and Governors Seyi Makinde and Bala Mohammed embarked in a free for all or who would take possession of the PDP National Secretariat with a rainfall of teargas pumped around the vicinity by both parties.

While Governor Seyo stormed the venue with the newly elected National Secretary, Taofeek Arapaja, Nyesom Wike stayed put with Samuel Anyanwu, the embattled National Secretary of the party who insists his tenure is still in place till December 8, 2025.

Party leaders are now expressing worry over the development accusing the Police of not being neutral in the leadership crisis facing the Peoples Democratic Party.
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