NEWS
Nigeria’s Inflation Rate Increases to 33.88% in October- NBS
The National Bureau of Statistics (NBS), says Nigeria’s headline inflation rate increased 33.88 per cent in October 2024.The NBS disclosed this in its Consumer Price Index (CPI) and Inflation Report for October 2024, which was released in Abuja on Friday.
According to the report, the figure is 1.18 per cent points higher compared to the 32. 70 per cent recorded in September 2024. It said on a year-on-year basis, the headline inflation rate in October 2024 was 6.55 per cent higher than the rate recorded in October 2023 at 27.33 per cent.In addition, the report said on a month-on-month basis, the headline inflation rate in October 2024 was 2.64 per cent, which was 0.12 per cent higher than the rate recorded in September 2024 at 2.52 per cent.“This means that in October 2024, the rate of increase in the average price level was higher than the rate of increase in the average price level in September 2024.”The report said the increase in the headline index for October 2024 on a year-on-year and month-on-month basis was attributed to the increase in some items in the basket of goods and services at the divisional level.It said these increases were observed in food and non-alcoholic beverages, housing, water, electricity, gas, and other fuel, clothing and footwear, transport and furnishings, household equipment and maintenance.Others include education, health, and miscellaneous goods and services, restaurants and hotels, alcoholic beverages, tobacco and kola, recreation and culture, and communication.It said the percentage change in the average CPI for the 12 months ending October 2024 over the average CPI for the previous 12 months was 32.26 per cent.“This indicates an 8.82 per cent increase compared to 23.44 per cent recorded in October 2023.”The report said the food inflation rate in October 2024 increased to 39.16 per cent on a year-on-year basis, which was 7.64 per cent higher compared to the rate recorded in October 2023 at 31.52 per cent.“The rise in food inflation on a year-on-year basis is caused by increases in prices of guinea corn, rice, maize grains, beans, yam, water yam, and CocoYam.“Others are palm oil, vegetable oil, Lipton, Milo, and Bournvita, among others.”It said on a month-on-month basis, the food inflation rate in October was 2.94 per cent, which was a 0.30 per cent increase compared to the rate recorded in September 2024 at 2.64 per cent.“The increase in food inflation on a month-on-month basis was caused by an increase in the average prices of palm oil, vegetable oil, mudfish, croaker, fresh fish, dried beef, goat meat, mutton, and skin meat.“Others are bread, guinea corn flour, plantain flour, rice, among others.”The report said that “all items less farm produce and energy’’ or core inflation, which excludes the prices of volatile agricultural produce and energy, stood at 28.37 per cent in October on a year-on-year basis.“This increased by 5.79 per cent compared to 22.58 per cent recorded in October 2023.“The exclusion of the PMS is due to the deregulation of the commodity by removal of subsidy.”It said the highest increases were recorded in prices of bus Journey within the city, Journey by motorcycle, and bus journey intercity among others.“Others are rents, meal at a local Restaurant, hair cut service, woman hair brush, women’s hairdressing, among others.”The NBS said on a month-on-month basis, the core inflation rate was 2.14 per cent in October 2024.“This indicates a 0.04 per cent increase compared to what was recorded in September 2024 at 2.10 per cent.“The average 12-month annual inflation rate was 26.12 per cent for the 12 months ending October 2024; this was 6.14 per cent points higher than the 19.98 per cent recorded in October 2023.”The report said on a year-on-year basis in October 2024, the urban inflation rate was 36.38 per cent, which was 7.09 per cent higher compared to the 29.29 per cent recorded in October 2023.“On a month-on-month basis, the urban inflation rate was 2.75 per cent, which increased by 0.08 per cent compared to September 2024 at 2.67 per cent.’’The report said on a year-on-year basis in October, the rural inflation rate was 31.59 per cent, which was 6.01 per cent higher compared to the 25.58 per cent recorded in October 2023.“On a month-on-month basis, the rural inflation rate was 2.53 per cent, which increased by 0.14 per cent compared to September 2024 at 2.39 per cent.’’On states’ profile analysis, the report showed that in October, all items’ inflation rate on a year-on-year basis was highest in Bauchi at 46.68 per cent, followed by Kebbi at 40.02per cent, and Sokoto at 39.65 per cent.It, however, said the slowest rise in headline inflation on a year-on-year basis was recorded in Delta at 27.85 per cent, followed by Benue at 28.22 per cent, and Katsina at 29.59 per cent.The report, however, said in October 2024, all items inflation rate on a month-on-month basis was highest in Kano at 3.77 per cent, followed by Bauchi at 3.74 per cent, and Anambra at 3.59 per cent.“Kwara at 1.27 per cent, followed by Ondo at 1.49 per cent and Lagos at 1.91 per cent recorded the slowest rise in month-on-month inflation.”The report said on a year-on-year basis, food inflation was highest in Sokoto at 52.18 per cent, followed by Edo at 46.55 per cent, and Borno at 45.85 per cent.“Kwara at 31.68 per cent, followed by Kogi at 33.30 per cent and Rivers at 33.87 per cent recorded the slowest rise in food inflation on a year-on-year basis.’’The report, however, said on a month-on-month basis, food inflation was highest in Adamawa at 5.08 per cent, followed by Sokoto at 4.86 per cent, and Yobe at 4.34 per cent.“Kwara at 1.11 per cent, followed by Ondo at 1.31 per cent and Kogi at 1.50 per cent, recorded the slowest rise in inflation on a month-on-month basis.” (NAN)NEWS
Adeniyi, JAMB Registrar Seek Operational Synergy
By Tambaya Julius, Abuja
The Nigeria Customs Service (NCS) and the Joint Admissions and Matriculation Board (JAMB) are considering areas of cooperation to improve their operations and strengthen service delivery.
The Comptroller-General of Customs, Adewale Adeniyi, received the JAMB Registrar, Professor Segun Aina, and his delegation at the Service’s Operational Headquarters in Maitama, Abuja, on Friday, October 16, 2026.
During the meeting, Adeniyi praised JAMB for its progress over the years, particularly its use of technology, timely release of examination results and improved placement of candidates into tertiary institutions.
He said the Board’s adoption of technology had made its operations more efficient and improved the process of placing candidates in higher institutions.
“The improvement JAMB has recorded over the years, particularly through the integration of technology into its operations, is commendable,” Adeniyi said.
He expressed confidence in Aina’s ability to sustain the gains and urged the Board’s management team to support his leadership.
The Customs chief also welcomed JAMB’s offer to make its electronic facilities available to the Service.
He explained that Customs officers serving across the country sometimes need designated centres to sit examinations and carry out other official activities.
He said access to the facilities would make it easier for the Service to organise such exercises when necessary.
On JAMB’s request for operational vehicles, Adeniyi acknowledged the importance of transportation to the Board’s nationwide activities.
He said the Service would explore possible ways to assist, depending on available resources and the applicable framework.
Aina said the visit was aimed at establishing a working relationship between the two organisations and identifying areas of mutual support.
“We want to formally come and introduce ourselves. We recognise the important work the Nigeria Customs Service is doing and are aware of the operations you carry out,” he said.
The JAMB registrar disclosed that the Board serves about five million people annually, operates Computer-Based Test (CBT) centres across Nigeria and conducts examinations in more than 15 countries.
He added that JAMB provides electronic services to government agencies and professional bodies, noting that its nationwide operations require adequate vehicles to reach communities, including local government areas, for candidate verification and monitoring of examination standards.
Aina stressed that effective transportation was necessary to ensure proper supervision, protect the integrity of examinations and maintain compliance with established procedures.
Both organisations expressed their willingness to explore practical areas of cooperation, share available resources and support each other in addressing their operational needs.
NEWS
NLC Suspends FCT Indefinite Strike
The Nigeria Labour Congress (NLC), Federal Capital Territory (FCT) Council, has suspended its indefinite strike and directed all affected workers, particularly primary and secondary school teachers to resume work on Wednesday.
Chairman of the union in FCT, Knabayi Adalo announced the suspension in a communique issued in Abuja on Tuesday.
Adalo explained that the decision followed the conclusion of conciliatory talks between the labour union, the Nigeria Union of Teachers (NUT), the Management of the Federal Capital Territory Administration (FCTA), and the Federal Ministry of Labour and Employment.
He said that the resolutions were formally adopted at the end of an emergency State Executive Council (SEC) meeting held at the Labour House, Central Business District, Abuja.
According to him, the suspension was agreed upon in the spirit of social dialogue and industrial harmony following key concessions reached regarding teachers’ career progression and administrative directives.
“On vacancy provision for education officers, it was resolved that promotion vacancies for education officers will align with established positions declared by the FCT Education Secretariat.
“The council noted that an upcoming exit of directorate officers would clear the path for the upward mobility of eligible officers.
“Also, following approval from the FCT Executive Council and subsequent communication to the FCT Civil Service Commission on the 2025 promotion examination, a new date will be announced to allow qualified candidates to take the examination.
“Regarding the deployment of officers benefiting from the Harmonised Retirement Age for Teachers back into classrooms, stakeholders agreed to maintain the FCT Executive Council’s directive, stepping down the process until further notice,” he said.
Adalo, however, issued conditions to guarantee full compliance by authorities.
He said that the NLC would set up a dedicated monitoring committee tasked with enforcing the agreed terms within specified timelines.
He warned that any failure by the FCTA or relevant authorities to implement the agreements would trigger an automatic resumption of the strike without prior notice.
He informed workers who participated in the strike that the union had secured a binding agreement that no worker or teacher would face reprisals, penalties, or victimisation for participating in the industrial action.
He commended the resilience of FCT teachers and praised the solidarity displayed by affiliate unions, the Ministry of Labour, and the FCTA management during negotiations.
The NLC had on Oct. 7, directed all workers in the FCT Administration, including those in the private sector, to commence an indefinite strike over unresolved labour disputes and policy grievances affecting teachers. (NAN)
NEWS
APC Dismisses Alleged Plot to Assassinate Atiku
The All Progressives Congress (APC) Presidential Campaign Council (PCC) has dismissed allegations that the Federal Government is plotting to assassinate former Vice-President, Atiku Abubakar.
The council’s spokesperson and Minister of Solid Minerals Development, Dele Alake, described the allegation as grave in a statement issued in Abuja on Tuesday.
Timi Frank, a member of the African Democratic Congress (ADC), had alleged that the Federal Government was plotting to assassinate Atiku.
Atiku is the ADC’s presidential candidate for the 2027 general elections.
Alake challenged Frank to substantiate the allegation, urging security agencies to invite him for questioning and investigate the claim.
“This is a grave allegation that Frank must prove. We thus urge security agencies to invite him to substantiate the allegation,” he said.
He urged Frank to provide any information in his possession to facilitate a prompt investigation, stressing that every credible threat to life deserved serious attention.
Alake categorically denied any involvement by President Bola Tinubu or the APC-PCC in an alleged plot against Atiku or any opposition figure.
He also dismissed claims that security personnel attached to Atiku had been withdrawn, insisting that the former vice-president remained protected by the police and Department of State Services (DSS).
According to him, Tinubu recently directed security agencies to reinforce protection for presidential, vice-presidential, governorship and deputy governorship candidates nationwide.
Alake maintained that security arrangements for Atiku had never been compromised, adding that the former vice-president enjoyed two levels of state-funded protection.
“As a former vice-president of Nigeria, Atiku enjoys two levels of state-funded security protection. President Tinubu has increased security protection for him as a presidential candidate,” he said.
Alake described Tinubu as a statesman and committed democrat who recognised opposition politics as essential to Nigeria’s 27-year-old democracy.
He recalled that Tinubu had led opposition politics for 16 years before the Peoples Democratic Party (PDP) lost power in 2015.
The APC spokesperson described Frank’s allegation as opposition rabble-rousing intended to heighten political tension.
He accused some opposition figures, including Frank, of using open letters and social media posts tagging foreign leaders and international organisations to attract attention.
Alake warned that politicians and their supporters might make provocative statements and frivolous allegations as the 2027 election campaigns gathered momentum.
He urged political parties, candidates and supporters to make factual, responsible public statements and avoid remarks capable of triggering unnecessary tension.
“Let our political competition be peaceful, lawful, and focused on the big issues that matter to Nigerians, not character assassination or wild, baseless allegations,” he said. (NAN)


