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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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Nationwide School- Closure Message is Fake – FG

“The information did not originate from the Federal Government, the Federal Ministry of Education, any State Ministry of Education or any recognised security agency.”

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The Federal Ministry of Education says that a message currently circulating on social media platforms, alleging that schools nationwide have been directed to close from 24th November 2025, is false and misleading.

Folasade Boriowo Director, Press & Public Relations, in a statement on Saturday, urged public to disregard the fake news , emphasising : “The information did not originate from the Federal Government, the Federal Ministry of Education, any State Ministry of Education or any recognised security agency.”

The statement reads:

” The public is strongly advised to rely strictly on verified information issued through the following official channels:

The Federal Government, the Federal Ministry of Education; State Governments and State Ministries of Education including recognised security agencies.

Any announcement, advisory, or notice coming from unofficial or unverified sources should be ignored and not shared.

Members of the public are urged to always verify the authenticity of information before circulating it in order to curb the spread of misinformation.”

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Oyebanji Commends Chief Olanipekun’s Lifelong Investments in Students, Widows

Together, the Foundation and the Scholarship Scheme reach a combined total of five hundred and five (505) beneficiaries, a tangible testament to sustained compassion, deliberate strategy, and the enduring conviction that opportunity must be shared.

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Photo: Ekiti State Governor, Mr Biodun Oyebanji

Ekiti State Governor, Mr Biodun Oyebanji, has praised legal luminary, Chief Wole Olanipekun (SAN), for his unalloyed commitment to lifting young people and vulnerable groups through his annual scholarship and empowerment programme.

Governor Oyebanji gave the commendation during the 29th edition of the Wole Olanipekun Scholarship Scheme and the 6th Empowerment Programme in Ikere-Ekiti on Saturday, November 22, 2025.

Governor Oyebanji emphasised that Olanipekun’s consistent support for education and human capital development stands as a shining example of true leadership.

Governor Oyebanji described the former NBA President as a rare blessing to the nation, noting that for nearly three decades, Chief Olanipekun has invested millions of naira in the academic and economic advancement of students, widows, the elderly, and young entrepreneurs across Ekiti and beyond.

The Governor explained that while many people talked about empowering the next generation, Chief Olanipekun has demonstrated unwavering practical commitment by sustaining one of Nigeria’s longest-running privately funded scholarship and empowerment initiatives.

He emphasised that through the scheme, thousands of students have been supported from secondary school to university as well as law school, while widows and aged citizens have received financial relief and business support.

The event was graced by the Deputy Governor, Chief (Mrs) Monisade Afuye., member of House of Representatives, AVM, Rufus Ojuawo, Royal fathers, among others.

Oyebanji added that Nigeria would record a more rapid progress if more privileged citizens embrace philanthropy the way Chief Olanipekun has done, maintaining that leaders who use their influence and resources to transform lives are the ones the country urgently needs to nurture a more educated, productive, and compassionate society.

He congratulated the beneficiaries and urged them to uphold the values of hard work, gratitude, and service to others – the principles that Chief Olanipekun has consistently championed and also charged them to emulate the legal icon by giving back to their communities when they became successful in their various fields.

“I plead with all of you that when you get this support, please it is a seed sow it, this is not money that you have to use to replace your phone, or the money to buy clothes or the money to enjoy christmas and new year, no, it’s a seed that you should sow to your future and when you do that God will bless it,” said Oyebanji.

Earlier in his remarks, Chief Wole Olanipekun (SAN), applauded Governor Oyebanji for the remarkable progress Ekiti State has recorded under his leadership.

He asserted that Ekiti people did not choose wrongly, as he noted that the governor’s humility, accessibility and passion for development have further inspired him to strengthen his annual scholarship and empowerment initiatives.

Chief Olanipekun who recalled how the empowerment programme began 29 years ago as a modest effort to support a few indigent students and widows, expressed deep satisfaction and joy that many of its beneficiaries have today become accomplished professionals, successful entrepreneurs and responsible citizens contributing meaningfully to society.

The legal icon stressed that the scholarship and empowerment scheme is not just charity, but a lifelong mission to support the dreams of young scholars and restore hope to widows, the aged and struggling families.

Today, WOF proudly sponsors four major categories of beneficiaries.

Fifty (50) elderly men and women receive targeted care and assistance under our Old People Programme.

The Youth Empowerment Initiative benefits two hundred and fifty (250) young people through skills training, start-up support and mentorship.

Fifty (50) widows are assisted with welfare, capacity building and livelihood interventions. In all, the Foundation directly serves three hundred and fifty (350) beneficiaries under these schemes.”

Together, the Foundation and the Scholarship Scheme reach a combined total of five hundred and five (505) beneficiaries, a tangible testament to sustained compassion, deliberate strategy, and the enduring conviction that opportunity must be shared.

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Insecurity: Taraba Govt Revert All Boarding Schools To Day Schooling

The letter was also forwarded to the Executive Secretary, Taraba State Post Primary Schools Management Board, the Chairman of Association of Private School Owners Of Nigeria (APSON), and the National Association of Proprietors of Private Schools (NAPPS).

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The Taraba State government has directed that all boarding schools in both private and public secondary schools be deboarded, and schools revert to day schooling with immediate effect.

In a letter dated Friday, November 21, 2025, to all principals and proprietors of public and private secondary schools across the state, the government said that the development is necessitated by the abductions targeted at boarding schools across the country.

The letter was also forwarded to the Executive Secretary, Taraba State Post Primary Schools Management Board, the Chairman of Association of Private School Owners Of Nigeria (APSON), and the National Association of Proprietors of Private Schools (NAPPS).

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