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Breaking: Inflation Rate Falls Below 23%—Is Nigeria Turning the Corner?

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The National Bureau of Statistics has announced that Nigeria’s inflation rate declined to 22.97 percent in May 2025.....KINDLY READ THE FULL STORY HERE▶

The figure marks a decrease of 0.74 percentage points from the 23.71 percent recorded in April 2025.

Year-on-year, headline inflation dropped by 10.98 percentage points compared to the 33.95 percent reported in May 2024.

These details were revealed in the Consumer Price Index (CPI) report for May 2025, released on Monday by the National Bureau of Statistics.

The report stated: “In May 2025, the headline inflation rate dropped to 22.97 percent, down from 23.71 percent recorded in April 2025.

“This represents a 0.74 percent decrease in the headline inflation rate compared to the previous month.”

The decline was primarily attributed to a reduced pace in the rise of average prices for goods and services.

According to the report, on a month-on-month basis, the headline inflation rate was 1.53 percent in May 2025, a decline from the 1.86 percent recorded in April.

This suggests that although prices continued to rise, the rate of increase slowed compared to the previous month.

Food inflation remained the key contributor to overall inflation. The food inflation rate dropped sharply to 21.14 percent year-on-year in May, down from 40.66 percent recorded in May 2024.

The National Bureau of Statistics attributed this significant year-on-year decline to the change in the base year, following the rebasing of the Consumer Price Index.

However, on a monthly basis, food inflation edged up to 2.19 percent in May from 2.06 percent in April, driven by rising prices of items such as yam, cassava, maize flour, sweet potatoes, fresh pepper, and ogbono.

Urban inflation was recorded at 23.14 percent year-on-year in May 2025, lower than the 36.34 percent seen in the same month last year.

Monthly urban inflation rose slightly to 1.40 percent in May, up from 1.18 percent in April.

In contrast, rural inflation dropped year-on-year to 22.70 percent, compared to 31.82 percent recorded in May 2024.

On a monthly basis, rural inflation also slowed significantly, falling to 1.83 percent from 3.56 percent in April.

Core inflation—which excludes volatile items like agricultural products and energy—fell to 22.28 percent in May, down from 27.04 percent in the same month last year. Month-on-month, core inflation also declined to 1.10 percent, compared to 1.34 percent in April.

A breakdown of the components contributing to the headline inflation revealed that food and non-alcoholic beverages remained the largest driver, contributing 9.20 percentage points.

Other key contributors included restaurants and accommodation services (2.97 percent), transport (2.45 percent), housing, water, electricity, gas and other fuels (1.93 percent), and education (1.42 percent).

The report also highlighted that, on a month-on-month basis, Bayelsa recorded the sharpest increase in headline inflation at 9.11 percent, followed by Bauchi at 4.85 percent and Borno at 4.42 percent.

Conversely, Kaduna, Jigawa, and Edo experienced the sharpest monthly declines in inflation, with rates falling by -6.75 percent, -4.40 percent, and -2.94 percent respectively.

In terms of food inflation, Borno State reported the highest year-on-year rate at 64.36 percent, followed by Bayelsa at 39.85 percent and Taraba at 38.58 percent.

The slowest year-on-year increases in food inflation were recorded in Katsina (6.90 percent), Rivers (9.18 percent), and Kwara (11.31 percent).

On a month-on-month basis, Bayelsa (12.68 percent), Cross River (11.15 percent), and Anambra (9.10 percent) registered the steepest increases in food prices, while Katsina (-5.42 percent), Jigawa (-4.02 percent), and Kaduna (-3.27 percent) saw monthly declines.

Despite the statistical ease brought by the CPI rebasing, the continued monthly rise in the cost of food and essential goods remains a burden on the cost of living nationwide.

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‘Kwankwaso Is More Experienced Than Peter Obi’ – Buhari’s Ex-Aide Declares.

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Ahmad made the assertion in a post on his X handle, maintaining that Kwankwaso’s decision to accept the position of running mate should be seen as an act of political modesty rather than an indication that he is less qualified than Obi.....KINDLY READ THE FULL STORY HERE▶

According to the former presidential aide, the relationship between the two politicians should be viewed as one of equals rather than that of a superior and a subordinate.

“To be entirely candid, the political dynamic between Rabiu Kwankwaso and Peter Obi ought to be characterised as one of collegiality between peers, rather than a hierarchy of principal and subordinate,” he wrote.

He added, “The choice to assume a deputy role beneath Obi ought to be interpreted as a testament to political modesty.”

Making a case for Kwankwaso’s political experience, Ahmad recalled that the former Kano State governor served as Deputy Speaker of the House of Representatives before Obi became a prominent figure in national politics.

He also noted that Kwankwaso governed Kano State, which he described as Nigeria’s most populous and politically influential state, for two terms and served as a federal minister.

“If we are assessing political experience, Sen. Kwankwaso probably has a longer and more impressive political background than Peter Obi,” Ahmad stated.

In contrast, the former presidential aide argued that Obi’s major public office experience was limited to his tenure as governor of Anambra State.

“Unlike other candidates, Peter Obi was just a former governor of Anambra State,” he wrote.

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‘I Have Stopped Impregnating Women’ – 2Baba Makes Shocking Revelation.

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Nigerian music star Innocent Idibia, popularly known as 2Baba, has declared that he no longer impregnates women.....KINDLY READ THE FULL STORY HERE▶

The singer made the statement on Saturday during a live performance at Rehab Lounge in Calgary, Canada.

While performing his hit song True Love, 2Baba paused to interact with the audience and playfully asked the women present to identify where his true love was.

He jokingly wondered whether she was standing at the back of the venue or somewhere in front of him before making a remark about his experiences with women.

The award-winning musician told the audience that he had stopped getting women pregnant, adding that he had been making the same confession wherever he performed recently.

He said, “For the purpose of this show, I will pretend like I’ve never seen anything before. Where’s my true love? Is she back there? Is she right here? Is she somewhere here? Where’s my true love? You people shouldn’t put out me for trouble.

“As I said, some ladies they fear to shout. See, everywhere I go these days, I make this confession. As I say, some ladies they fear to shout. I say, I don’t fear to shout. Because I don’t stop to dey give woman belle. Ask anyone, they’ll tell you, I don’t do such thing things again.”

The singer’s comment comes amid public interest in his personal life and relationships.

2Baba was previously married to Nollywood actress Annie Macaulay-Idibia. The couple announced their separation in January 2025 after having two children together.

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NPFL Cracks Down! Abia Warriors, Katsina United, Warri Wolves Hit With Sanctions.

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Abia Warriors were fined ₦3.2 million for failing to provide adequate security as agreed during the pre-match technical meeting ahead of their encounter with Niger Tornadoes.....KINDLY READ THE FULL STORY HERE▶

Abia Warriors were fined ₦3.2 million for failing to provide adequate security as agreed during the pre-match technical meeting ahead of their encounter with Niger Tornadoes.

The Umuahia-based club was also found guilty of an attempt by one of its officials to disrupt the live broadcast of the match by harassing a crew member of the league’s broadcast partner.

As part of the disciplinary measures, Abia Warriors’ multimedia officer, Chidera Favour Igwe, has been suspended from all NPFL match activities for five matches.

Katsina United, meanwhile, were fined ₦2 million for failing to provide adequate and effective security during their home fixture against Plateau United.

The club was also sanctioned for allowing supporters to encroach onto the field of play during the encounter.

Warri Wolves Receive Heaviest Punishment

Warri Wolves have been handed the most severe sanctions following the unruly behaviour of their supporters during Sunday’s Matchday 10 clash against Kano Pillars in Ozoro.

The Seasiders were fined ₦4.2 million and docked three points and three goals from their accumulated tally. The club was also ordered to play its next three home matches behind closed doors.

According to the NPFL, Warri Wolves failed to provide adequate security at the stadium, resulting in an assault on match officials after the final whistle.

The league further disclosed that the second assistant referee sustained a nose injury and was left bleeding during the incident.

The NPFL stated that all three clubs have 48 hours from the date of notification to appeal their respective sanctions in accordance with the league’s disciplinary procedures.

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