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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 Plot: FG Files Charges Against Suspects arrested by DSS

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The Federal High Court sitting in Abuja on Tuesday filed a 13-count charges, under case number FHC/ABJ/CR/206/2026, against five suspects arrested by the Department of State Services (DSS) in connection with an alleged foiled coup plot.

The suspects- Major General Mohammed Ibrahim Gana (rtd), Captain (NN) Erasmus Ochegobia Victor (rtd), Inspector Ahmed Ibrahim, Zekeri Umoru, Bukar Kashim Goni, and Abdulkadir Sani, were apprehended by the agency following intelligence that uncovered plans to overthrow the government.

The charges filed against them include treasonable felony, conspiracy to overthrow the Government, conspiracy to commit terrorism and other offenses related to national security threats.

Recall that in September 2025, a joint covert operation led by the DSS had uncovered a deadly plot by some serving military officers to destabilize the government and undermine Nigeria’s democracy.

This led to the arrest of some alleged key figures involved in the coup.

“The arraignment points to the federal government’s resolve to counter subversive threats amid ongoing efforts to maintain stability in the country”, a source affirmed.

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Kaduna High Court Denies El-Rufai Bail

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The Kaduna State High Court has refused bail to former governor Nasir El-Rufai, citing concerns that his influence could interfere with ongoing investigations.

Justice Darius Khobo ruled that the allegations of financial impropriety against the former governor are serious enough to warrant his continued detention.

Counsel to El-Rufai, Ubong Akpan, SAN, says the defence disagrees with the decision but respects the court’s position. He confirms that the legal team will promptly challenge the ruling by filing the necessary appeal.

The defence also maintains that the case is politically motivated, describing the trial as part of a broader agenda.

The development comes despite an earlier ruling by the Federal High Court in Kaduna, which granted El-Rufai bail under strict conditions, pending compliance.

At the State High Court, El-Rufai is facing a nine-count charge, including allegations that he influenced the Kaduna State Government to release about eleven billion naira to an unregistered entity for a light rail project that was never executed. He has denied all the allegations.

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536 blind candidates participate in 2026 UTME

Other categories, including candidates with down syndrome, autism spectrum disorder and dyslexia, also recorded notable admission rates, with dyslexia candidates achieving a 100 percent success rate.

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More than 536 blind candidates and others with special needs participated in the 2026 Unified Tertiary Matriculation Examination (UTME) across 11 designated centres nationwide, under arrangements tailored to their needs.

Chairman of the JAMB Equal Opportunity Group (JEOG), Emeritus Professor Peter Okebukola, disclosed this in a statement, in Abuja, yesterday.

He disclosed that Kano State recorded the highest number with 136 candidates, followed by Lagos with 95, while Abuja hosts 46 candidates.

Others were from Ado-Ekiti, Bauchi, Benin, Enugu, Kebbi, Oyo, Jos and Yola, each supervised by experienced academics, many of whom are former vice-chancellors.

He noted growing interest among candidates in Science, Technology, Engineering and Mathematics (STEM) subjects, describing it as a positive shift and also acknowledged the ongoing challenges faced by blind students in pursuing science-related disciplines, and disclosed that efforts have been underway since 2018 to address these barriers.

Prof Okebukola expressed satisfaction with the improving admission outcomes for candidates with disabilities, noting that in the 2025 admission cycle, 483 candidates applied for tertiary education out of which 252 secured admission, representing a 52.2 percent success rate.

He disclosed that candidates with visual impairment formed the largest group, accounting for 429 applications, with over half successfully admitted.

Other categories, including candidates with down syndrome, autism spectrum disorder and dyslexia, also recorded notable admission rates, with dyslexia candidates achieving a 100 percent success rate.

(The Sun)

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