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Nigeria’s Inflation Rate Rose to 24.23 % in March- NBS

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The National Bureau of Statistics (NBS), says Nigeria’s headline inflation rate rose to 24.23 per cent in March 2025.The NBS disclosed this in its Consumer Price Index (CPI) and Inflation Report for March 2025, which was released in Abuja.According to the report, the headline inflation showed an increase of 1.

05 per cent compared to the 23.
18 per cent recorded in February 2025.
Furthermore, the report said on a month-on-month basis, the headline inflation rate in March 2025 was 3.90 per cent, which was 1.85 per cent higher than the rate recorded in February 2025 at 2.04 per cent.“This means that in March 2025, the rate of increase in the average price level is higher than the rate of increase in the average price level in February 2025.
”The report said the increase in the headline index for March 2025 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; restaurants and accommodation services; transport; housing, water, electricity, gas, and other fuel; education services; health; and clothing and footwear.Others are information and communication; personal care, social protection and miscellaneous goods and services; furnishings, household equipment and maintenance; insurance and financial services; alcoholic beverages, tobacco and narcotics, recreation sports and culture.The report said the food inflation rate in March 2025 was 21.79 per cent on a year-on-year basis.However, on a month-on-month basis, food inflation rate in March was 2.18 per cent , which increased by 0.50 per cent compared to the 1.67 per cent recorded in February 2025 .The NBS said the increase in the food inflation figure was atributed to the rate of increase in the average prices of Ginger (fresh), Garri (Yellow), Broken Rice (Ofada), and Honey (Natural Production).Others are Crabs, Potatoes, Plantain Flour, Periwinkle (Unshelled), and Pepper (Fresh) among others,The report said “all items less farm produce and energy’’ or core inflation, which excludes the prices of volatile agricultural produce and energy, stood at 24.43 per cent in March 2025 on a year-on-year basis.“While on a month-on-month basis, the Core Inflation rate was 3.73 per cent in March, which increased by 1.21 per cent compared to the 2.52 per cent recorded in February.”The NBS said on a month-on-month basis Farm Produce rate stood at 2.64 per cent compared to the 1.77 per cent recorded in February 2025.The report said Energy rate stood at 9.21 per cent in March on a month-on-month basis, compared to the – 0.99 per cent recorded in February.It said Services stood at 3.344 per cent in March 2025 on a month-on-month basis, compared to 3.38 per cent in February.“While Goods had a rate of 3.89 per cent on a month-on-month basis compared to the 1.29 per cent recorded in February.”The report said on a year-on-year basis in March 2025, the urban inflation rate was 26.12.“On a month-on-month basis, the urban inflation rate was 3.96 in March 2025, which increased by 1.56 per cent compared to February at 2.40 per cent.The report said on a year-on-year basis in March, the rural inflation rate was 20.89 per cent.“On a month-on-month basis, the rural inflation rate was 3.73 per cent in March, which increased by 2.57 per cent compared to February at 1.16 per cent.”On states’ profile analysis, the report showed that in March , all items’ inflation rate on a year-on-year basis was highest in Kaduna at 33.33 per cent, followed by Osun at 32.08 per cent , and Kebbi at 30.74 per cent.It, however, said the slowest rise in headline inflation on a year-on-year basis was recorded in Akwa Ibom at 12.81 per cent, followed by Bayelsa at 14.02 per cent, and Sokoto at 14.83 per cent.The report, however, said in March 2025, all items inflation rate on a month-on-month basis was highest in Kaduna at 18.85 per cent, followed by Osun at 16.49 per cent, and Oyo at 14.44 per cent.“Sokoto at -8.66 per cent, followed by Nasarawa at -4.38 per cent and Kwara at -3.69 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 Oyo at 34.41 per cent, followed by Kaduna at 31.14 per cent, and Kebbi at 30.85 per cent.“Bayelsa at 9.61 per cent, followed by Adamawa at 12.41 per cent and Akwa Ibom at 12.60 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 Oyo at 19.74 per cent, followed by Kaduna at 17.24 per cent, and Kebbi at 14.03 per cent.“Sokoto at -14.10 per cent, followed by Nasarawa at -9.91 per cent and Edo at -5.78 per cent, recorded the slowest rise in inflation on a month-on-month basis.” The NBS recently rebased the CPI and released the rebased CPI results for January 2025 in February.The Statistician-General of the Federation, Adeyemi Adeniran said the rebasing was designed to ensure that Nigeria’s economic indicators accurately reflect the current structure of the economy.This according to him, was also to incorporate 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. (NAN)

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32-year-old in Court For Allegedly Robbing Man of N4.5m iPhones

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The police in Lagos on Friday arraigned a 32-year-old businessman, Wilfred Ochie, who allegedly robbed a man of two iPhones worth N4.5 million with  gun.

Ochie, who resides at 3, Eleda Avenue, Iba, Lagos State, appeared before an Ikeja Chief Magistrates’ Court on a two-count charge of conspiracy and robbery.

The defendant, however, pleaded not guilty to the charges.

According to the prosecutor, ASP Adegoke Ademigbuji, the defendant committed the offences on April 16 at Iba.

The prosecutor said that the defendant ordered two iPhone 16 Promax from the complainant, Mr Samuel Olotu, on jiji.com, on payment-on-delivery term.

The prosecutor said that when a rider went to deliver the phones, he was robbed at gunpoint.

Ademigbuji said that the defendant was tracked with the number he used to call the complainant.

The alleged offences contravene Sections 297 and 411 of the Criminal Law of Lagos State, 2015.

The Chief Magistrate, Mrs O. O. Kushanu, granted the defendant bail in the some of  N400,000 with two sureties in like sum.

Kushanu adjourned the case until June 19 for mention. (NAN)

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Methodist Archbishop, Igwe Condemns Spate of Insecurity, Killings in Nigeria 

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By, Godwin Okeh Abakaliki 

The Archdiocesan Bishop of Methodist Church, Archdiocese of Ebonyi, His Grace Most Rev. Chikwendu Ogan Igwe has condemned in totality the spate of insecurity and killings of innocent citizens, especially in Plateau, Benue and some part of Ebonyi State.

Igwe, however, called on governments at all levels and wealthy personalities in Nigeria to rise and use their privileged positions to impact on the poor and less privileged in the society.

The Archdiocesan Bishop, Igwe made this known in a communiqué signed by him and the Archdiocesan Lay President, Onwe Sunday Onwe and issued to newsmen in Abakaliki, shortly after the end of the 31st annual synod of the diocese of Abakaliki, held at the cathedral of the holy Trinity, Ebonyi State.

The synod, however commended the President, Bola Ahmed Tinubu for citing the coastal Roads that passed through Ebonyi State, adding that the roads will encourage economic development and ease of transport and communication in the area.

He equally applauded the governor of Ebonyi State, Francis Nwifuru for  his intervention in communal clashes in some areas of the state, especially in Effium/Ezza Effium, Amasiri/Edda, Amangwu/Isinkwo and encouraged him not to relent in restoration of total peace in the entire State.

The eleven points communique reads in part: “The Synod encouraged the governor, Francis Nwifuru not to relent in the restoration of total peace in the entire State and also praise  his administration for human capital development he exhibits through the people charter of needs which Methodist Church has also benefited from, before and especially during the inauguration of the Archdiocese of Ebonyi.

“The Synod affirmed that Methodist Church Nigeria has risen to their responsibilities of not only praying for the state and Nigeria, the

 Citizens and especially leaders at all levels but also to contribute their quota in addressing issues of concern where necessary.

“The assembly called for attitudinal change of sacrificial giving and faithful tithing, aggressive evangelism, health services, welfare of workers and other spiritual infrastructural development of the Diocese to achieve a better result.

“The synod called on the leaders to cultivate good relationships with God as in the case of Mary and Martha in order to attract God’s intervention in the present unstable economic downturn of the Nation.

“The Synod condemned the spate of insecurity pervading the entire Nation especially the recent killings in Plateau, Benue and some part of Ebonyi State and advised that leadership at all levels should arise to tackle these threats to lives and properties.

“In the face of the uncertainty in our present society, insecurity, hunger, poverty and hardships, the Synod enjoined the general public to allow the resurrection power of Christ to drive their faith to Christ’s redemptive work. 

“The Synod called on the general public and youths in particular to shun all   forms of social vices, such as cultism, ritual killings, drug abuse, sexual immorality and illicit masquerading especially among the Christendom” the communiqué noted.

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CRIME

Police Nab 78 Suspects, Recover Weapons, Drugs in Kano

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The Kano State Police Command on Friday, said it arrested 78 suspects and recovered a substantial quantity of weapons, illicit drugs and stolen properties across the state.

The Commissioner of Police (CP), Dr Ibrahim Bakori made the disclosure at a news conference at Bompai Kano Police Headquarters.

Bakori stated that the development was part of the command’s ongoing efforts to combat crime in the state.

According to the CP, notable among the arrests was the re-arrest of one Sulaiman Danwawu, a 32-year-old notorious drug dealer from Tudun Yola Quarters.

He explained that Danwawu had previously been charged to court in 2022 for alleged possession of 500 cartons of suspected Tramadol tablets and now found with other illicit substances on his re-arrest.

The CP also announced that his men apprehended a suspected armed robber with two Beretta pistols and ten rounds of live ammunition.

“Between April 23 and May 9, 2025, we arrested five-armed robbery suspects, seven suspected drug dealers.

”We also arrested one suspected cattle rustler, four suspected fraudsters, 13 suspected thieves and 48 suspected thugs (Yan Daba),” he said.

Bakori listed items recovered from the suspects to include two Beretta pistols with 10 live rounds of ammunitions, various quantities of hard drugs such as Pregabalin, Diazepam, Tramadol, Codeine, Pentazocine and Cannabis.

Also recovered were eight vehicles, three tricycles and two motorcycles.

The Police chief added that they recovered 12 cutlasses, 15 knives, counterfeit currency totaling 198 US dollar notes and ₦311,000. five sheep, two rams, 12 mobile phones, an alternator generator and several other household items.

Bakori emphasised that these achievements demonstrate the effectiveness of the command’s strategies in curbing drug abuse and related crimes, which drive thuggery, armed robbery and other violent crimes.

He also noted a significant reduction in phone snatching, thuggery and car theft in the area.

The commissioner assured residents of the command’s resolve to maintain peace and order just as he urged the public to support the police with credible information.

He appreciated the support of the media and other law-abiding citizens of the state, saying, “we count on your cooperation to keep Kano safe”.(NAN)

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