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
BREAKING: Prominent Islamic Scholar, Islamic scholar, Sheikh Dahiru Bauchi, dies at 102
Prominent Islamic scholar in Bauchi, Sheikh Dahiru Usman-Bauchi, is dead. He died at the age of 102.
Until his death, he was one of the world leaders of the Tijjaniyya Islamic sect.
The renowned Islamic cleric died early hours of Thursday at the Abubakar Tafawa Balewa University Teaching Hospital (ATBUTH), Bauchi.
Announcing the death, Bauchi State Governor, Bala Mohammed, extended his heartfelt condolences to the immediate family of the late Sheikh, his followers, students, and the entire Muslim Ummah across Nigeria and beyond.
In a statement made available to journalists by his Special Adviser on Media and Publicity, Mukhtar Gidado, the Governor described him as a towering figure in Islamic scholarship as well as a man of deep faith, humility, and wisdom.
He said: “Innalillahi wa inna Ilaihi Rajiun. It is with deep sorrow and a profound sense of loss that the Bauchi State Government announces the death of renowned and revered Islamic scholar, teacher, and spiritual leader, Sheikh Dahiru Usman Bauchi, who returned to his Creator in the early hours of today, Thursday, 27th November, 2025, at the age of 102 in Bauchi.”
Governor Mohammed said his lifetime was devoted to the propagation of Islam, the teaching of the Holy Qur’an, and the moral and spiritual upliftment of humanity.
“Through his numerous schools and learning centres, he nurtured thousands of students who went on to memorise the Qur’an and spread Islamic knowledge across the African continent,” he stated.
He said that the late Sheikh’s immense contributions to theology, Islamic jurisprudence, and history have left an indelible mark on the intellectual and spiritual landscape of our society.
The Governor added that: “As we mourn this monumental loss, we take solace in the fact that Sheikh Dahiru Usman Bauchi lived a life fully dedicated to the service of Allah, humanity, and knowledge. His legacy will continue to illuminate the path of generations to come.
“The Government of Bauchi State will continue to honor his memory by supporting the institutions and ideals he stood for , particularly in the areas of Islamic education, moral discipline, and community development.
“We pray that Almighty Allah, will forgive his shortcomings, grants him Aljannatul Firdaus, and give his family, followers, and the entire Ummah the fortitude to bear this great loss,” he stated
BREAKING: Prominent Islamic Scholar, Islamic scholar, Sheikh Dahiru Bauchi, dies at 102
News
Sylva Seeks Audience With EFCC
He said that he was deeply surprised and profoundly unsettled to learn through a public announcement that he had been declared wanted despite his well-known disposition towards cooperation with lawful authorities.
Chief Timipre Sylva, former Minister of State for Petroleum, has written to the Economic and Financial Crime Commission (EFCC) asking the commission to give him a date for his appearance.
The former Governor of Bayelsa State in a letter he personally signed and addressed to the Chairman of the commission particularly frowned at the move by the EFCC to declare him wanted over an alleged $14.8million fraud.
Sylva in the letter dated November 24th but was received and acknowledged by the EFCC on November 26th and made available to newsmen on Wednesday, however, informed the commission that he was currently receiving an urgent medical care for a life-threatening condition.
He said that he was deeply surprised and profoundly unsettled to learn through a public announcement that he had been declared wanted despite his well-known disposition towards cooperation with lawful authorities.
The letter reads:”In view of the foregoing, I most humbly request that a mutually agreed date be set subject to medical clearance to enable me appear physically and formally.
News
Tinubu nominates ambassadors for U.S, UK, France
The nominees are Kayode Are of Ogun state, Aminu Dalhatu of Jigawa state, and Ayodele Oke of Oyo state.
President Bola Tinubu on Wednesday nominated three non-career ambassadors to the United States of America, UK, and France, and urges the Senate to confirm the appointments .
The nominees are Kayode Are of Ogun state, Aminu Dalhatu of Jigawa state, and Ayodele Oke of Oyo state.
Tinubu made the request in a letter addressed to the Senate and read on Wednesday, November 26 by Senate President Godswill Akpabio.
In a statement by his Special Adviser on Information and Strategy, Mr. Bayo Onanuga, said: that the postings will be finalised following Senate screenings.
“Ambassador Amin Mohammed Dalhatu previously served as Nigeria’s ambassador to South Korea during President Buhari’s administration, having been first appointed in 2016.“
Ambassador Ayodele Oke, an alumnus of Emory University in Atlanta, is a former Director General of the National Intelligence Agency (NIA) and previously served as Nigeria’s ambassador to the Secretariat of the Commonwealth of Nations in London.
“Retired Colonel Lateef Kayode Are was Director General of the State Security Service (SSS) from 1999 to 2007, served as National Security Adviser in 2010, and was an officer in the Directorate of Military Intelligence.
He graduated with First Class Honours in Psychology from the University of Ibadan in 1980.”
-
Crime2 days agoBREAKING: KEBBI ABDUCTION: 24 School Girls Regain Freedom
-
News2 days agoGovernor Soludo Presents ₦607.3 Billion 2026 Budget Proposal to Anambra State House of Assembly (Photos)
-
News3 days agoDelta Police Dismiss Bandits Invasion of Girls Secondary School Kwale
-
Crime2 days agoDSS Releases Suspected IPOB Member Detained Since 2022
-
News2 days agoInsecurity: FG stops open grazing of cattle nationwide
-
Sports2 days agoFIFA president Infantino to receive Lebanese citizenship
-
News2 days agoAbductions: FG orders 24-hour aerial surveillance on Kwara, Kebbi, Niger forests
-
News2 days agoUPDATE: President Tinubu welcomes freed Kebbi schoolgirls, charges security forces to rescue others still in captivity (Video)
