Nigeria’s inflation rate reduces to 24.48% in January- NBS

The National Bureau of Statistics (NBS), says  Nigeria’s headline inflation rate declined to 24.48  per cent in January 2025,

This is contained in the Consumer Price Index (CPI) rebased results released in Abuja on Tuesday.

The News Agency of Nigeria (NAN) reports that the headline inflation rate for December 2024 was 34.80 per cent.

The Statistician-General (S-G) of the Federation, Adeyemi Adeniran, made the announcement at a news briefing on the CPI Rebased Results.

The CPI is a key macroeconomic indicator that reflects the movement of aggregate price levels in a country and is expected to be rebased every five years.

However,  in Nigeria, the last CPI rebasing was conducted in 2009.

Adeniran emphasised the importance of rebasing the CPI regularly due to changes in consumption patterns over time, which necessitated an update of the items in the CPI basket.

He said the rebasing was designed to ensure that Nigeria’s economic indicators accurately reflect the current structure of the economy, incorporating new and emerging sectors, updating consumption baskets, and refining data collection methods.

Adeniran said part of the process of rebasing the CPI  included bringing the base year closer to the current period, from 2009 to 2024.

The S-G gave a breakdown of the rebased CPI as follows.

The All-Items Index, which is used to measure headline inflation for January 2025, was 110.7, resulting in a headline inflation rate of 24.48 per cent on a year-on-year basis.

He said the increase was mainly driven by Food and Non-alcoholic Beverages, Restaurants and Accommodation Services and Transport.

The  Food Index for January 2025 was 110.03, which resulted in a food inflation rate of 26.08 per cent on a year-on-year basis.

Core Index, which is All-Items less farm produce and energy for January 2025, was 110.7,  which gave rise to a core Inflation rate of 22.59 per cent on a year-on-year basis.

Read Also: Food prices rose in October – NBS

The urban inflation rate for January 2025 was 26.09 per cent, while the rural inflation rate was 22.15 per cent.

Adeniran clarified that the CPI results do not indicate a reduction in the prices of goods and services in the market but rather measure the rate at which those prices were decreasing.

“The policies of the government targeted to reduce inflation rate are still there. The government is committed to ensuring food is available to the populace and the purchasing power of citizens is enhanced.

“So, the result is  not saying prices of goods and services have come down in the market but the rate of change between January 2024  and January 2025 is what inflation rate is all about.”

He assured Nigerians that the results of the rebasing reflected the current inflationary pressures and recent household consumption patterns in the country.

The S-G  listed some CPI improvements and introduction to the methodology to include  the transition to the latest version of the classification method.

He said the Classification of Individual Consumption According to Purpose (COICOP) 2018 version was used, departing from the 1999 version of COICOP.

According to him, the new version has 13 divisions, as against 12,  bringing in household expenditure on Insurance and Financial Services, which now has a weight of 0.5 per cent relative to the total household expenditure.

Adeniran said another improvement was 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.”

(NAN)

Appeal Court affirms Olaoye as Soun of Ogbomoso

The Court of Appeal sitting in Ibadan on Tuesday affirmed the selection and installation of Oba Ghandi Olaoye as the Soun of Ogbomoso.

Recall that Justice K. A. Adedokun of the Oyo State High Court sitting in Ogbomoso had, on Oct. 25, 2023, nullified the selection and installation of Olaoye as the Soun of Ogbomoso.

The lower court asserted that the procedure of Olaoye’s nomination was “irregular, null and void”.

It added that the process did not comply with the provisions of the Soun Chieftaincy Declaration of 1958.

Delivering judgment on the appeal filed by Olaoye, Justice Yargata Nimpar, who led a three-member panel of justices, resolved the appeal in favour of Olaoye.

Nimpar said that the lower court had no jurisdiction to entertain the case.

According to the judge, the respondents failed to comply with the administrative procedure of writing the government about their dissatisfaction with the selection before approaching the court.

Read Also: Alleged cybercrime: Court grants Speed Darlington to N20m bail 

Nimpar, therefore, set aside the lower court’s judgment and affirmed the selection and installation of Olaoye as the Soun of Ogbomoso.

Speaking with newsmen after the judgment, the respondents’ lead counsel, Mr Abiodun Ogunjumi, said his client was dissatisfied with the judgment of the Court of Appeal.

Ogunjumi said he was ready to file notice and grounds of the appeal to attack the judgment of the Court of Appeal at the Supreme Court.

The News Agency of Nigeria (NAN) reports that the respondents are Prince Muhammed Olaore and six others.

Mr Kolawole Fatoye stood in for Olaoye’s counsel, Mr Yusuf Ali, a Senior Advocate of Nigeria (SAN).

(NAN)

Nasarawa governor swears in new SSG

Gov. Abdullahi Sule of Nasarawa State has tasked Mr Labaran Magaji ,the newly appointed  Secretary to the State Government(SSG), to do his best in the service of the state.

The governor gave the charge during the swearing-in of the  new SSG in Lafia on Friday.

The News Agency of Nigeria(NAN)reports that Magaji is a former Nasarawa State Attorney-General and Commissioner for Justice.

Sule expressed confidence in the new SSG  to help drive his administration’s development blueprint.

He described the office of the SSG as the engine room and cornerstone of government’s activities.

According to him,any occupant of such office is expected to have extensive knowledge of the various components of governance.

“As you are aware, Dr Labaran Magaji is a legal luminary, a reputable technocrat with global experience, and an unassuming politician who served the state and Nigeria in various capacities.

“His contributions to our administration and  Project Nasarawa is actually legendary.

Read Also: JUST IN: Sanwo-Olu presents N3tr budget for 2025

” I am convinced that with his antecedents, loyalty and proven performance of excellence; he will be able to confidently serve this administration as SSG,” Sule said.

He appreciated the former SSG,Mr

Aliyu Ubandoma ,and former executive council members for their contributions and commitment to the state.

In his remarks, Magaji pledged  loyalty to the governor and the government of Nasarawa State.

” Your Excellency, we understand the enormity of  the task before us. This is the most critical moment of your administration.

“This is what we call the legacy period, we are ready, willing to settle down and hit the ground running to ensure that your dream of leaving Nasarawa State better than you met it is achieved,” he said.

(NAN)

Trump signs order banning all trans athletes from women’s events

Donald Trump has signed an executive order banning all transgender athletes from competing in girl’s and women’s sports.

Trump’s order “Keeping Men Out of Women’s Sports,” aims to grant federal agencies the ability to review funding to high schools, universities and grassroot sporting events. “With this executive order, the war on women’s sports is over,” Trump said at the signing ceremony at the East Room of the White House.

He was surrounded by girls as well as lawmakers and female athletes who were supportive of the ban, including swimmer Riley Gaines. White House press secretary Karoline Leavitt said the order “upholds the promise of Title IX” and will require “immediate action, including enforcement actions, against schools and athletic associations” that do not allow single-sex sports or single-sex locker rooms for women.

Title IX is a federal law that prohibits discrimination on the basis of sex in education programmes that receive federal funding. Trump added: “If you let men take over women’s sports teams or invade your locker rooms, you will be investigated for violations of Title IX and risk your federal funding.”

Read Also: Donald Trump to be sworn in as US president today

He added the order would cover the 2028 Olympic Games in Los Angeles and would deny visas for transgender athletes hoping to take part in the games. White House officials have said the move is popular with Americans and argued the order would ensure “fairness” in women’s sports.

According to a 2023 Gallup poll, 69 per cent of respondents believe transgender athletes should be able to play on teams that match the gender they were assigned to at birth. Only 29 per cent of respondents said transgender athletes should be able to play on teams that match their gender identity.

Enforcing the order will be a priority for the Education Department as it works to penalise schools that allow transgender athletes to compete. The department has already opened an inquiry into public schools in Denver, Colorado, that replaced a girl’s bathroom with an all-gender one despite leaving another exclusive to boys.

But Human Rights Campaign, a US-based LGBTQ advocacy group, president Kelley Robinson said the order “exposes young people to harassment and discrimination.” She added the order would also result in “emboldening people to question the gender of kids who don’t fit a narrow view of how they’re supposed to dress or look.”

According to a 2022 Williams Institute study, only 1.6 million people (or 0.6 per cent) of people in the US aged 13 and over identify as transgender. This also includes 1.4 per cent of youth aged between 13 and 17.

The executive order is one of several signed by Trump since he took office last month. Many of his orders have been challenged in the courts.

Newsnow

Trump signs order withdrawing US from UN bodies

US President Donald Trump on Tuesday signed an executive order withdrawing Washington from a number of United Nations bodies, including its Human Rights Council (UNHRC), and setting up a broader review of US funding for the multilateral organization.

The executive order said it withdrew Washington from UNHRC and the main UN relief agency for Palestinians (UNRWA), and would review involvement in the United Nations Educational, Scientific and Cultural Organization (UNESCO).

The moves were made in protest against what White House staff secretary Will Scharf described as “anti-American bias” at the UN agencies.

The 47 members of the UN Human Rights Council are elected by the General Assembly to three-year terms, with the United States ending its latest term on December 31. It currently has observer status at the body.

Tuesday’s order would appear to end all US participation in the council’s activities, which include reviews of countries’ human rights records and specific allegations of rights abuses.

“More generally, the executive order calls for review of American involvement and funding in the UN in light of the wild disparities and levels of funding among different countries,” said Scharf.

Trump highlighted the “tremendous potential” of the UN but said it is “not being well run.”

Read Also: ‘Trump plans large immigration raid in Chicago on Tuesday’

“It should be funded by everybody, but we’re disproportionate, as we always seem to be,” he said.

Trump has long railed against Washington’s levels of funding of multilateral bodies, calling for other countries to increase their contributions, notably at military alliance NATO.

UNRWA is the chief aid agency for Palestinians, with many of the 1.9 million people displaced by the war in Gaza dependent on its deliveries for survival.

Under Trump, Washington has backed a move by Israel to ban the agency, after the US ally accused UNRWA of spreading hate material.

US funding of UNRWA was halted in January 2024 by the administration of then-president Joe Biden after Israel accused 12 of its employees of involvement in Hamas’s October 7, 2023, attack.

A series of probes found some “neutrality related issues” at UNRWA, but found no evidence for Israel’s chief allegations, and most other donors that had similarly suspended funding resumed their financial support.

Earlier in his latest term, Trump also withdrew from the Paris climate accord and began withdrawing from the World Health Organization, of which it is the largest donor.

Each of the withdrawals has been a repeat of the Republican billionaire’s first term in office, which ended in 2021.

AFP

NDLEA intercepts businessman with 81 wraps of cocaine at Lagos airport

The National Drug Law Enforcement Agency (NDLEA), has arrested a 59-year-old businessman, Chijioke Igbokwe for ingesting 81 pellets of cocaine at the Murtala Muhammed International Airport (MMIA), Ikeja, Lagos.

This is contained in a statement by the Director, Media and Advocacy, NDLEA, Mr Femi Babafemi on Sunday in Abuja.

Babafemi said that the suspect had undergone a surgery, exploratory laparotomy, to let out 57 out of 81 pellets of cocaine stuck in his stomach.

This, he said, was after seven days of ingesting the illicit substance in Addis Ababa, Ethiopia.

He said that Igbokwe was arrested by operatives of the NDLEA, at the arrival hall of the MMIA, during the inward clearance of passengers on Ethiopian Airlines flight on Sunday, January, 26.

He added that the suspect who was promptly taken for body scan, which revealed illicit drugs in his system was soon after taken into NDLEA custody for excretion observation.

According to Babafemi, Investigation revealed that Igbokwe who claims to be into cloth business at Arena, Oshodi area of Lagos, departed Lagos on Jan. 22 to Addis Ababa.

This, he said, was where he ingested the 81 wraps of cocaine the following day Jan. 23 and boarded a flight to Beirut, Lebanon to deliver the illicit consignment for a fee of $3,000.

“Upon his arrival in Beirut, he said he was refused entry because he had less than $2,000, the amount required to grant him entry.

“He was then deported to Addis Ababa where he attempted excreting the illicit drugs but could not.

“He thereafter proceeded to Lagos on Saturday, Jan. 25 with the consignment in his bowel. He was however arrested upon his arrival at the Lagos airport by NDLEA officers on Jan. 26.

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“After five days under excretion observation, he could only expel 24 pellets following initial medical intervention at the Agency’s medical facility and the Lagos State University Teaching Hospital (LASUTH) Ikeja.

“With the clock ticking for him and the complication of other underlying medical conditions, the suspect was eventually admitted at the tertiary facility.

“This was where he had to undergo exploratory laparotomy to extract the remaining 57 wraps of cocaine stuck in his stomach after his wife and brother endorsed the necessary consent forms on Thursday, Jan. 30.

“In all, a total of 81 pellets of the Class A drug with a gross weight of 1.943 kilograms were recovered from his stomach,” he said.

Babafemi quoted the NDLEA Chairman, retired Brig. Gen. Buba Marwa, as commending the officers and men of the MMIA strategic command for their vigilance and professionalism in handling Chijioke Igbokwe’s case

Marwa warned those involved in the illicit drug trade that they’re not only destroying the lives of others, but equally putting their own lives at great risk.

(NAN)

Police foil alleged terror plot, recover explosives, weapons in Kano

The Kano State Police Command said it has recovered explosives and dangerous weapons allegedly planned to be used during the just-concluded National Tijjaniyya Maulud in the state.

The Commissioner of Police, Salman Dogo-Garba,told the News Agency of Nigeria (NAN) in Kano on Monday that the explosives were reportedly recovered at Tokarawa village of Gezawa Local Government area.

He said that the command had made a significant breakthrough in maintaining peace and security in the state.

Dogo-Garba explained that the recovered explosives and weapons were allegedly planned to be used during the just-concluded event.

He said that the police, in collaboration with state agencies, foiled the terror plot and recovered the explosives reportedly intended for use during the Maulud.

Dogo-Garba started the police have commenced an intensive investigation to identify those behind the alleged botched plot.

” This proactive measure demonstrates the commitment of the Kano State Police Command to ensuring the safety and security of residents and visitors alike,”the CP said.

Read Also: Police nab two over alleged kidnap, murder of aged woman

Dogo-Garba said the command had also arrested three suspects in connection with the alleged kidnapping and killing of Alhaji Atiku Mu’azu, a 64-year-old resident of Janbulo Quarters, Kano.

The suspects, Abubakar Hassan, aka Captain, Adamu  Adam, and Alhaji Hamisu aka Bakin Bross, were nabbed after a sustained follow-up and intelligence-led operation.

He said in another incident, armed men invaded the residence of Alhaji Auwalu at Sabuwar Unguwa Garo, Kabo LGA, Kano, robbing him of N8 million and kidnapping his 16-year-old daughter, Zainab Aliyu.

Dogo-Garba said that the police had launched an investigation to rescue the victim and apprehend the perpetrators.

In a separate operation, he said,the police arrested 17 suspected armed robbers who stormed Hotoro, Kawu Quarters, Kano, breaking shops and motor vehicles, and attacking innocent people.

“Three additional suspected armed robbers were also arrested for attacking two innocent people and robbing them of 200 mobile phones at Yankatsari Quarters, Kano,” Dogo-Garba said.

He urged the residents of the state to continue to support the command with credible intelligence information to prevent future threats.

The commissioner urged the members of the public to remain vigilant and cautious.

Dogo-Garba called on them to promptly  report any suspicious activities or individuals to the nearest police station or through the command’s contact numbers: 08032419754, 08123821575, 09029292926.

(NAN) 

Ibadan teacher bags 2-year jail term for stealing €20, phone

A Chief Magistrate’s Court sitting at Mapo in Ibadan has sentenced a teacher, Adebayo Osayemi, to two years imprisonment for stealing his employer’s phone and money, totaling N237,000.

Delivering judgment, the Magistrate, Mrs O.O. Latunji, stated that she convicted and sentenced Osayemi based on evidences tendered against him by the police as well as his guilty plea.

“Osayemi is hereby, sentenced to two years imprisonment with hard labour, without any option of fine,” Latunji said.

Read Also: Alleged cybercrime: Court grants Speed Darlington to N20m bail 

Earlier, the police prosecution, Insp Oluseye Akinola, had told the court that the convict committed the offence on Jan. 13, at No.3, Church St., Behind Fagbemi filling station, Orita-Challenge, Ibadan, Oyo State.

According to the prosecution, Osayemi, carefully monitored the movement of one Funmilayo Adesinmi, the complainant and proprietress of Montesseri Gofas Nursery and Primary School Ibadan, before strolling into her office to strike.

He further said that Adesinmi told the police investigator that she briefly left her office to buy food stuff from a nearby market, leaving three children behind in the school when the convict entered the office.

Akinola stated that Adesinmi’s daughter had seen Osayemi moving in and they discovered that €20, equivalent to N35,000 and a Techno Smart 4 phone she left on her desk, valued at N95,000, had disappeared.

The prosecutor also said that the convict, before his arrest, transferred N82,000 and N25,000 from Adesinmi’s Money Point and First bank accounts to his Opay and UBA accounts, respectively.

He stated that the offence contravened the provision of Section 390 (9) of the Criminal Code Cap 38 Vol. II Law of Oyo State 2000. 

(NAN) 

NAHCON announces fare for 2025 hajj

 The National Hajj Commission of Nigeria (NAHCON) has fixed N8.7 million as the Hajj fare for the intending pilgrims from Southern States and N8.3 million for those  from Borno and Adamawa Zone.

The Executive Chairman of NAHCON, Prof. Abdullahi Usman, made this known in a statement by its Assistant Director, Information and Publication, Mrs Fatima Usara, on Monday in Abuja.

Usman also said that intending pilgrims from the Northern Zone would pay N8.4 million as Hajj fare for the 2025 pilgrimage in the Kingdom of Saudi Arabia.

The NAHCON boss described the hajj fare as a product of extensive collaboration with all the stakeholders.

He appreciated the support of the Presidency and the Forum of Executive Secretaries of State Pilgrims Welfare Boards, Agencies and Commissions.

” The National Hajj Commission of Nigeria (NAHCON), under the leadership of its Chairman, Prof. Abdullahi Usman, is pleased to announce the hajj fare for the 2025 season.

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” The fare was announced sequel to the approval from the Office of the Vice President of the Federal Republic of Nigeria.

” The 2025 Hajj fare for Borno and Adamawa zone’s intending pilgrims is N8.33 million.

” Similarly, the cost of the 2025 Hajj for intending pilgrims from the Southern states is N8. 78 million, while intending pilgrims from the Northern zone will pay N8. 46 million..”

He said the leadership of NAHCON, in collaboration with representative of the Presidency, Malam Ameen Amshi, Special Assistant to the President, Special Duties, did their best to maintain the hajj fare within the same range as previously charged.

” This modest effort on the fare was reached after extensive consultations to ensure inclusivity in this important decision-making process.

” For further details and breakdown of the fare, please visit the NAHCON website on nahcon.gov.ng or through States’ Pilgrims’ Welfare Boards. ”

The chairman urged prospective pilgrims to take note of the timelines and the Saudi guidelines, while emphasising the importance of early payment and timely registration to avoid last-minute inconveniences.

The News Agency of Nigeria (NAN) recalls that intending pilgrims who benefited from the Federal Government’s N90 billion Hajj intervention across the zones paid N6.8 million as fare for the 2024 Hajj.

However, intending pilgrims who paid their Hajj fare after the subsidy from Borno and Adamawa zone paid N8.2million.

Similarly, those from the North zone paid N8.2 million while intending pilgrims from the Southern zone paid N8.4 million as fare for the 2024 Hajj.

(NAN) 

Donald Trump to be sworn in as US president today

Donald Trump is set to be sworn in as president of the United States in Washington on Monday, returning to the White House for a second term four years after his initial re-election bid ended in defeat.

Trump, a Republican, will replace outgoing President Joe Biden in the top U.S. political office at noon (1900 GMT), two and a half months after defeating outgoing Vice President Kamala Harris in the U.S. presidential election.

Biden had defeated Trump in 2020, but stepped aside as the Democratic candidate mid-campaign in July amid intense concerns about his age and mental fitness.

Trump, who has long refused to acknowledge his defeat in the 2020 election, ultimately stayed away from Biden’s swearing-in ceremony in January 2021, breaking with tradition.

Earlier that month, Trump’s insistence that he won and that his “victory” was stolen from him led to the storming of the Capitol in Washington, the seat of the U.S. Congress, by his supporters.

Read Also: ‘Trump plans large immigration raid in Chicago on Tuesday’

Biden, on the other hand, is set to attend the ceremony as per tradition.

In the morning, Trump is scheduled to attend a service at St. John’s Church in Washington.

After the swearing-in ceremony, the Bidens are then set to receive the Trumps for tea at the White House.

The inauguration was originally meant to take place outside on the west side of the Capitol as usual, but was relocated indoors as Washington was experiencing stuck in sub-zero temperatures.

After taking the oath of office, Trump will deliver his inaugural speech as the 47th President of the United States of America.

(dpa/NAN)