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
NYSC warns against night travel as 2026 Batch B Stream I orientation begins June 10
The orientation exercise will officially end on Tuesday, June 30, 2026.
The National Youth Service Corps (NYSC) announced Thursday that the 2026 Batch ‘B’ Stream I Orientation Course will begin on Wednesday, June 10, 2026, with the reception and registration of prospective corps members across the country.
In a statement signed by Caroline Embu, Director, Information and Public Relations, NYSC said that the registration would end at midnight on Friday, June 12, in all 36 states and the Federal Capital Territory.
The NYSC added that the swearing-in ceremony for prospective corps members mobilised for the 2026 Batch ‘B’ Stream I service year would also take place on Friday, June 12.
The orientation exercise will officially end on Tuesday, June 30, 2026.
The scheme wished all mobilised Nigerian graduates safe journeys to their various orientation camps nationwide and reiterated its warning against night travel.
It advised prospective corps members to suspend their journeys once it is 6pm and spend the night at any available corps members’ lodge, military formation, police station, outpost, or palace of a traditional ruler before continuing the next morning.
News
President Tinubu appoints 40 years old Prof Aina as JAMB Registrar
Prof Aina will succeed Prof Is-haq Oloyede, whose two-term tenure expires on July 31, 2026.
•Prof Segun Aina
President Bola Tinubu has appointed Professor Segun Aina as the new registrar of the Joint Admissions and Matriculation Board (JAMB).
Prof Aina will succeed Professor Is-haq Oloyede, whose two-term tenure expires on July 31, 2026.
Professor Aina, who will be 40 in July, is a distinguished academic and systems expert with extensive experience in national examination systems, digital infrastructure, and public-sector institutional reform.
A statement by the presidential spokesman, Bayo Onanuga, stated that “President Tinubu expects Professor Aina to bring to bear his vast experience, knowledge and practical insight into the operations of the Board to take the critical educational organisation beyond the laudable heights achieved by his predecessor.”
A professor of computer engineering at Obafemi Awolowo University, Ile-Ife, Aina began his career with JAMB during his National Youth Service, gaining foundational experience in national admissions and data-driven institutional processes.
These insights have shaped his ongoing contributions to examination reform and systems optimisation.
News
Nigeria now produces 10,000 passports per hour
In an address during the International Civil Service Conference 2026 in Abuja, the minister said that the reform has transformed passport production from a slow, manual and fragmented process into a system driven by automation, integration and efficiency.
Photo: Minister of Interior, Olatunji Olubunmi-Ojo
Minister of Interior, Olatunji Olubunmi-Ojo, said that Nigeria can now produce “nothing less than 10,000 passports per hour.”
The minister attributes the passport production fest to the establishment of a world-class centralised personalisation centre in Abuja, a development he described as the first of its kind since 1963.
In an address during the International Civil Service Conference 2026 in Abuja, the minister said that the reform has transformed passport production from a slow, manual and fragmented process into a system driven by automation, integration and efficiency.
“For the first time since 1963, we have a world-class centralised personalisation centre in Abuja,” said Olubunmi-Ojo.
“And what that means is that from a system that could do 400 or 500 passports per hour, all over the world, we could barely do three, four thousand a day or per hour.
Today, we are in a position to do nothing less than 10,000 passports per hour with a centralised level of control.”
He said the nder the new arrangement, stressing that the innovation marks a major shift in the management of internal security services and public administration.
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