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.”
Crime
BREAKING: VP Shettima arrives in Kebbi over Schoolgirls abduction
The Vice President, Kashim Shettima, has arrived in Kebbi State to meet with the state government officials and families of schoolgirls abducted from Government Girls Secondary School, Maga.
The aircraft carrying Shettima landed at the Sir Ahmadu Bello International Airport in Birnin Kebbi.Shettima was accompanied by Director General of the National Emergency Management Agency, NEMA, Zubaida Umar, and other government officials.
Shettima, who had earlier departed Abuja for Kebbi on the directive of President Bola Tinubu, is expected to convey Tinubu’s message to the people of the state, as well as receive a briefing on the situation for onward communication to the President.
Ohibaba.com recalls that the attack on the Kebbi school claimed the life of the school’s Vice Principal, Malam Hassan Makuku, who was reportedly killed while trying to prevent the bandits from taking the girls away.
Meanwhile, the police said on Monday that a combined tactical team was deployed to comb the forests in a bid to rescue the girls.
President Bola Tinubu has condemned the attack and commiserated with the families of those affected.
He also postponed his scheduled trips to Johannesburg in South Africa and Luanda, Angola, to attend the 20th G20 Summit of leaders and the 7th AU-EU Summit, respectively.
News
Tinubu postpones S’Africa, Angola trips over Kebbi, Kwara attacks
President Bola Tinubu has postponed his scheduled trip to South Africa for the G20 Leaders’ Summit as he awaits further security briefings from Vice President Kashim Shettima on the kidnapped Kebbi schoolgirls and the attack on Christ Apostolic Church worshippers in Eruku, Kwara State.
Tinubu also ordered the deployment of more security personnel “to Eruku and the entire Ekiti Local Government Area of the state, and directed the police to go after the bandits who attacked worshippers,” a statement by his Special Adviser on Information and Strategy, Bayo Onanuga, revealed on Wednesday.
The directive was “in response to the request by the governor of Kwara State,” Onanuga stated.
Officials close to the President had told our correspondent that Tinubu intends to receive first-hand reports on the situation in Kebbi, including the outcome of meetings with local leaders, before embarking on his trip.
Tinubu was scheduled to leave Abuja today to attend the 20th G20 Summit of leaders in South Africa and thereafter proceed to Luanda to attend the 7th AU-EU Summit.
“Disturbed by the security breaches in Kebbi State and Monday’s attack by bandits against worshippers at Christ Apostolic Church, Eruku, President Tinubu decided to suspend his departure.“
He now awaits reports from Vice President Kashim Shettima, who paid a sympathy visit to Kebbi on his behalf, as well as reports from the police and the Department of State Services regarding the attack in Kwara,” Onanuga explained.
The President reiterated his directive to the security agencies to “do everything possible to rescue the 24 schoolgirls, abducted by the bandits and bring the girls back home, safe.
”On Tuesday night, Tinubu had directed Vice President Kashim Shettima to visit Kebbi State on Wednesday over the abduction of 25 students of Government Girls Comprehensive Secondary School, Maga, Kebbi State, and the killing of the school’s Vice-Principal.
The President, who had been briefed by the military authorities “expressed sadness over the abduction of the schoolgirls, despite intelligence warnings of a possible strike by the bandits.
The Zuru Emirate in Kebbi State was thrown into panic in the early hours of Monday after armed bandits attacked Government Girls Comprehensive Senior Secondary School, Maga in Danko/Wasagu Local Government Area and killed the Vice Principal and abducted at least 25 students.
While assuring the guardians of the kidnapped schoolgirls that the government will ensure their quick release, Tinubu also commiserated with the military over the death of the gallant soldiers and Brigadier General Musa Uba, who paid the ultimate price while on active duty fighting insurgents in Borno state.
News
President Tinubu Postpones Trip to G20 Summit Because of Country’s Insecurity
Disturbed by the security breaches in Kebbi State and Monday’s attack by bandits against worshippers at Christ Apostolic Church, Eruku, President Tinubu decided to suspend his departure.
President Bola Ahmed Tinubu has postponed his scheduled trip to Johannesburg, South Africa and Luanda, Angola, as he awaits further security briefings on the kidnapped Kebbi schoolgirls and the attack on Christ Apostolic Church worshippers in Eruku, Kwara State.
In response to the request by the governor of Kwara State, President Tinubu has ordered the deployment of more security men to Eruku and the entire Ekiti Local Government Area of the state, and directed the police to go after the bandits who attacked worshippers.
President Tinubu was scheduled to leave Abuja today to attend the 20th G20 Summit of leaders in South Africa and thereafter proceed to Luanda to attend the 7th AU-EU Summit.
Disturbed by the security breaches in Kebbi State and Monday’s attack by bandits against worshippers at Christ Apostolic Church, Eruku, President Tinubu decided to suspend his departure.
He now awaits reports from Vice President Kashim Shettima, who paid a sympathy visit to Kebbi on his behalf, as well as reports from the police and the Department of State Services regarding the attack in Kwara.
President Tinubu reiterates his directive to the security agencies to do everything possible to rescue the 24 schoolgirls, abducted by the bandits and bring the girls back home, safe.
Bayo OnanugaSpecial Adviser to the President(Information and Strategy)November 19, 2025
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