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
JUST IN: Kidnapped Bayelsa Judge, Umukoro, regains freedom

After 13 days in captivity, Justice Ebiyerin Omukoro, a Bayelsa State High Court Judge, who was kidnapped by gunmen, has been released.
The judge was abducted on June 21, 2025, around 7pm by gunmen dressed in combat fatigue in front of a popular eatery at the Ekeki suburb of Yenagoa.
It was gathered that Justice Omukoro was released on Thursday evening and is still with security operatives.
News
Masobe Books to Publish Groundbreaking Essay Collection by Dr. Dakuku Peterside on Nigeria

Masobe Books, a leading publisher of Nigerian literature, today announced the upcoming release of a highly anticipated essay collection by Dr. Dakuku Peterside, a prominent figure in Nigerian public life.
The collection, which is titled: Beneath the Surface: Essays on Nigeria’s Chequered Journey, a powerful new work by renowned columnist and public policy expert, Dr. Dakuku Peterside.
Dr. Peterside, known for his contributions to policy, economics, and thought leadership, has compiled a series of essays exploring a range of critical issues facing the nation.
The collection is expected to delve into topics such as governance, economic development, social justice, national unity, security challenges, the future of democracy, and the role of youth.
“We are incredibly excited to be publishing Dr. Peterside’s work,” said [Name and Title of a Masobe Books representative, ideally the publisher].
“His deep understanding of Nigeria, combined with his clear and articulate writing style, makes this collection essential reading for anyone interested in the country’s present and future.”
Masobe Books anticipates that the collection will appeal to a broad audience, including policymakers, academics, students, and the general public.
Slated for publication in October 2025 under the publisher’s Makere imprint, the book promises to spark critical conversations about Nigeria’s past, present, and future.
Further details, including the title of the collection and planned promotional events, will be announced in the coming weeks.
Dr. Dakuku Peterside has a distinguished career, having served as a former Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), a former member of the House of Representatives.
He is widely respected for his expertise and contributions to national discourse.
The essay collection offers a panoramic exploration of Nigeria’s complex landscape—its economy, governance, youth energy, leadership challenges, and international standing.
Described as a “360-degree perspective” on the country’s evolving narrative, the book digs deep into the nation’s layered experiences and contradictions.
The book has already received high praise from thought leaders. Renowned Kenyan scholar, Professor P.L.O. Lumumba, hailed it as “a manual that every conscientious person in authority should read.”
Bishop Matthew Kukah called it “a window for future exploration of the options for a new Nigeria,” while Prof. Kyari Mohammed declared it “a must read for policy makers, academics and the general reader.”
Masobe Books has announced plans for formal launch events in Lagos and Abuja to accompany the book’s international and local release.
This marks Dr. Peterside’s third major publication, following Strategic Turnaround and Leading in a Storm.
For inquiries and updates, the public is encouraged to contact Theresa Ominiabohs at Masobe Books or visit www.masobebooks.com.
The publisher can also be followed on Instagram and Twitter via @masobebooksng.
News
MTN, Airtel, IHS Towers Rev up FG’s 3MTT programme by N5bn
“This kind of collaboration is what drives our vision of building a future-ready workforce and positioning Nigeria as a net exporter of technical talent,” said Tijani.

Bosun Tijani, the Minister of Communications, Innovation and Digital Economy, said that MTN Nigeria made a cumulative N3 billion contribution to support the federal government’s 3MTT programme.
3MTT is an acronym for 3 Million Technical Talent, a bold initiative and a critical component of President Tinubu’s Renewed Hope agenda which is aimed at developing a local pool of technical talent for the country and the global tech ecosystem.
Tijani also disclosed that previously, the Airtel Africa Foundation had contributed N1 billion to support the same programme, while infrastructure service provider, IHS Tower, has entered an agreement worth another N1 billion with the Ministry to build learning communities across the nation for the 3MTT programme.
“This kind of collaboration is what drives our vision of building a future-ready workforce and positioning Nigeria as a net exporter of technical talent,” said Tijani.
He explained:” The tech talent will be trained in cohorts. The program started with 30, 000 Nigerians, which was one percent of the 3 million target, while another 270,000 were later selected for the second cohort to bring the number to 10 percent.
The 3 Million Tech Talent will be trained in areas of speciality including: Digital Marketing, Project Management Software, Cloud Platforms Navigation, Data Analysis and Visualisation, Search Engine Optimisation (SEO), CRM Management, Accounting Software, Graphics Design and UX/UI Design, among others.
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