Nigeria’s headline inflation rate moderated sharply to 15.15 per cent in December 2025 following a review of the Consumer Price Index (CPI) methodology by the National Bureau of Statistics (NBS), reflecting a significant slowdown in price pressures. The latest CPI report showed that the index rose marginally to 131.2 points in December from 130.5 points in November, indicating a slower pace of increase in average prices across the economy. On a year-on-year basis, headline inflation declined to 15.15 per cent in December 2025 from 17.33 per cent in November and was markedly lower than the 34.80 per cent recorded in…
Author: Abdoulaye Kay
The Federal Government has said Nigeria’s N152 trillion public debt is mainly the result of improved fiscal transparency and foreign exchange revaluation, not a spike in new borrowing. The explanation was given by the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, at the launch of the Nigerian Economic Summit Group (NESG) 2026 Macroeconomic Outlook Report in Lagos. In a statement issued Thursday by his Special Adviser on Communications, Media and Publicity, Dr. Ogho Okiti, the minister said the debt figure reflects corrections to long-standing fiscal reporting gaps. According to the statement, about N30 trillion of…
Bandits have attacked Kabe village in Borgu Local Government Area of Niger State, killing a 75-year-old woman in the latest incident of insecurity in the North-Central state. The attack reportedly occurred late on the same day Governor Umaru Bago paid a condolence visit to the Borgu Emirate Council over recent security challenges in the area. Sources said the assailants, who were armed and riding several motorcycles, stormed the village at about 10:00 p.m., looting food items and other valuables. A community source confirmed that an elderly woman, identified as Amina Adamu, was killed during the invasion, adding that no resident…
Former presidential aspirant Dele Momodu has said President Bola Tinubu can be defeated in the 2027 general election if the opposition closely monitors the activities of the Independent National Electoral Commission (INEC). Momodu asserted on Thursday during an interview on Channels Television’s The Morning Brief, stressing that removing President Tinubu from office “is not impossible.” The politician, who recently defected from the Peoples Democratic Party (PDP) to the African Democratic Congress (ADC), said the opposition must field candidates with the political strength and capacity to challenge the ruling All Progressives Congress (APC). “I don’t know why people think Asiwaju may…
The President of the Nigeria Agribusiness Group (NABG), Arc. Kabir Ibrahim, has called for sustained support for inclusive agribusiness models, saying they are critical to accelerating Nigeria’s attainment of food security and food sovereignty. Ibrahim made the call ahead of the Makkah Halal Forum 2026, scheduled to hold from February 14 to 16 at the Makkah Chamber Exhibitions Centre in Makkah, Saudi Arabia. The forum, which began in 2024, is expected to bring together global agrifood stakeholders, halal food producers, investors, policymakers, and development partners. According to him, Nigerian enterprises should actively participate in the forum to understudy emerging trends…
I am starting the New Year and the new semester with a new responsibility. I will head Kennesaw State University’s Journalism and Emerging Media program, in spite of my long-standing reluctance to be an administrator. My colleagues unanimously insisted that I take on the role. It is genuinely flattering, but I had never envisioned myself as an academic administrator. My attraction to academia has always revolved around teaching, research and service. For as long as I can remember, I believed I lacked both the temperament and the skills for administration. A few years ago, a Nigerian from Benue State told…
Nigeria’s political crisis, according to political activist and scholar, Dr. Usman Bugaje, is rooted in the absence of visionary thinking, as the country is dominated by influential individuals who lack transformative ideas capable of driving national development. Bugaje made the assertion in Abuja while speaking at a public lecture organised to mark the 60th birthday of former Speaker of the House of Representatives and ex-Governor of Sokoto State, Senator Aminu Waziri Tambuwal. He said Nigeria’s leadership problem is not the shortage of powerful personalities, but the failure of the ruling elite to articulate and pursue a clear national vision. According…
The National Drug Law Enforcement Agency (NDLEA) has arrested an 80-year-old ex-convict who returned to drug trafficking barely three years after serving a prison sentence for a similar offence, alongside several other suspects in coordinated operations across the country. The agency’s Director of Media and Advocacy, Mr Femi Babafemi, disclosed this in a statement issued on Sunday in Abuja. Babafemi said the octogenarian was first arrested on December 14, 2022, prosecuted and sentenced to two years’ imprisonment by a Federal High Court in Uyo, Akwa Ibom State, for dealing in illicit drugs. He said NDLEA operatives, acting on credible intelligence,…
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has rejected the continued importation of Premium Motor Spirit (PMS), insisting that local production—particularly from the Dangote Petroleum Refinery—is sufficient to meet national demand. The association also dismissed reports linking the surge in petrol imports recorded in November 2025 to an alleged breakdown in supply arrangements between Dangote Refinery and petroleum marketers, describing such claims as inaccurate and misleading. According to IPMAN, the reports do not reflect the realities faced by its members, noting that the commencement of supply from the Dangote Refinery has significantly improved PMS availability nationwide. Speaking on the…
The Civil Society Legislative Advocacy Centre (CISLAC) and Transparency International (TI) Nigeria have praised the United Kingdom for recovering $9.5 million in stolen Nigerian assets. In a statement, CISLAC Executive Director, Auwal Rafsanjani, described the recovery as a strong demonstration of international cooperation in the fight against corruption. He said the action aligns with Nigeria’s Proceeds of Crime Act (PoCA) 2022, which promotes cross-border collaboration in tracing and recovering illicit assets. According to the organisations, PoCA provides a comprehensive framework for tracing, freezing, confiscating, managing and recovering proceeds of crime, both locally and internationally. They noted that the law remains…