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JUST IN: Nigeria’s Inflation Rises To 34.60% — NBS

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The inflation rate in Nigeria rose to 34.60 per cent in November 2024, showing an increase of 0.72 percentage points compared to 33.88 per cent recorded in October 2024.

The National Bureau of Statistics (NBS), while announcing the release of the data on Monday said, “In November 2024, the Headline inflation rate was 34.60 per cent relative to the October 2024 headline inflation rate of 33.88 per cent. Looking at the movement, the November 2024 Headline inflation rate showed an increase of 0.72 percentage points compared to the October 2024 Headline inflation rate.”

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The NBS attributed the rise in the inflation rate in November 2024 to the Food inflation rate, which was 39.93 per cent on a year-on-year basis, indicating 7.08 percentage points higher than the 32.84 per cent recorded in November 2023.

On a year-on-year basis, the Headline inflation rate was 6.40 percentage points higher than the 28.20 per cent rate recorded in November 2023.

This shows that the year-on-year headline inflation rate increased in November 2024 compared to the same month in the preceding year of November 2023.

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READ ALSO: JUST IN: Nigeria’s Inflation Hits 33.69%

Furthermore, the NBS noted that on a month-on-month basis, the Headline inflation rate in November 2024 was 2.638 per cent, which was 0.002 percentage points lower than the 2.640 per cent recorded in October 2024.

This means that in November 2024, the rate of increase in the average price level is slightly lower than the rate of increase in the average price level in October 2024.

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The NBS highlighted that “The percentage change in the average CPI for the twelve months ending November 2024 over the average for the previous twelve-month period was 32.77%, showing 8.76% points increase compared to 24.01% recorded in November 2023.”

The Urban inflation rate on a year-on-year basis, in November 2024 was 37.10 per cent, indicating 6.88 percentage points higher compared to the 30.21 per cent recorded in November 2023.

On a month-on-month basis, the Urban inflation rate was 2.77 per cent in November 2024, showing 0.02 percentage points higher compared to 2.75 per cent recorded in October 2024.

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READ ALSO: BREAKING: Inflation Drops To 32.15%

The corresponding twelve-month average for the Urban inflation rate was 35.07 per cent in November 2024, and this
was 9.62 percentage points higher compared to the 25.45 per cent reported in November 2023.

The NBS reported that the Rural inflation rate in November 2024 was 32.27 per cent on a year-on-year basis.

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This was 5.84 percentage points higher compared to the 26.43 per cent recorded in November 2023.

On a month-on-month basis, the rural inflation rate in November 2024 was 2.51 per cent, down by 0.02 percentage points compared to 2.53 per cent recorded in October 2024

“The corresponding twelve-month average for the Rural inflation rate in November 2024 was 30.71%. This was 8.00% points higher compared to the 22.71% recorded in November 2023,” the NBS said.

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READ ALSO: JUST IN: Nigeria Inflation Climbs To 26.72%

The NBS stated that the rise in Food inflation on a year-on-year basis was caused by increases in prices of the following items; Yam, Water Yam, Coco Yam, etc (Potatoes, Yam & Other Tubers Class), Guinea Corn, Maize Grains, Rice, etc (Bread and Cereals Class), Beer, Pinto (Tobacco Class), and Palm Oil, Vegetable Oil, etc (Oil and Fats Class).

On a month-on-month basis, the Food inflation rate in November 2024 was 2.98 per cent which shows a 0.05 percentage point increase compared to the 2.94 per cent recorded in October 2024.

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“The rise is attributed to the rate of increase in the average prices of Mudfish, Catfish Dried, Dried Fish Sadine, etc
(Fish Class), Rice, Yam Flour, Millet Whole grain, Corn flour, etc (Bread and Cereals Class), Agric Egg, Powered Milk, Fresh Milk, etc (Milk, cheese and eggs Class) and Dried Beef, Goat Meat, Frozen Chicken, etc (Meat Class),” the NBS explained.

The average annual rate of Food inflation for the twelve months ending November 2024 over the previous twelve-month average was 38.67 per cent, which was 11.58 percentage points higher compared with the 27.09 per cent average annual rate of change recorded in November 2023.

The NBS stated, “All items less farm produces and energy” or Core inflation, which excludes the prices of volatile agricultural produces and energy stood at 28.75% in November 2024 on a year-on-year basis; an
increase of 6.36% points when compared to the 22.38% recorded in November 2023.

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READ ALSO: Nigeria’s Inflation Increases To 22.22 Per Cent

“The highest increases were recorded in prices of the following items; Taxi journey per drop, Bus journey intercity,
Journey by motorcycle, etc (under Passenger Transport by Road Class), Rents (Actual and Imputed Rentals for Housing Class), Meal at a local Restaurant (Accommodation Service Class), and hair cut service, women’s hairdressing, etc (Hairdressing salons & personal grooming establishments class).”

On a month-on-month basis, the core Inflation rate was 1.83 per cent in November 2024.

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It stood at 2.14 per cent in October 2024, down by 0.30 percentage points.

The average twelve-month annual inflation rate was 26.64 per cent for the twelve months ending November 2024, this was 6.29 percentage points higher than the 20.35 per cent recorded in November 2023.

READ ALSO: Inflation Hits 18yr High at 22.4%, To Surpass 23% This Month

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The NBS further stated that “In November 2024, All Items inflation rate on a Year-on-Year basis was highest in Bauchi (46.21%), Kebbi (42.41%), Anambra (40.48%), while Delta (27.47%), Benue (28.98%) and Katsina (29.57%) recorded the lowest rise in Headline inflation on Year-on-Year basis.

“On a Month-on-Month basis, however, November 2024 recorded the highest increases in Yobe (5.14%), Kebbi (5.10%), Kano (4.88%), while Adamawa (0.95%), Osun (1.12%) and Kogi (1.29%) recorded the slowest rise on Month-on-Month inflation.

“Food Inflation In November 2024, Food inflation on a Year-on-Year basis was highest in Sokoto (51.30%), Yobe (49.69%), Edo (47.77%), while Kwara (31.39%), Kogi (32.95%), and Rivers (33.27%) recorded the slowest rise in Food inflation on Year-on-Year basis.

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“On a Month-on-Month basis, however, November 2024 Food inflation was highest in Yobe (6.52%), Kano (5.95%), and Kebbi (5.68%) while Borno (0.76%), Adamawa (0.90%) and Kogi (1.21%) recorded the slowest rise in Food inflation on Month-on-Month basis.”

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‘My Wife Keeps Late Nights, Returns Home Drunk, Denies Me Sex Since She Joined OPC’

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Grade A Customary Court 2 sitting at Mapo, Ibadan, Oyo State, has dissolved the 13-year-old wedlock between a couple, Adisa and Falilat, on the grounds of no love, irresponsibility, drunkenness and keeping of late nights by the latter.

Adisa stated that Falilat became wild and uncontrollable after she joined the Oodua People’s Congress (OPC).

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Adisa explained that Falilat hardly slept at home and on the few occasions she did, she always denied him s3x.

According to the plaintiff, the last time he and the defendant had s3x was almost two years ago.

He added that their children always looked haggard and unkempt because she seldom cooks for them nor gave attention to their appearance.

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READ ALSO:My Husband Impregnated My sister —Wife

Adisa said he could no longer stomach Falilat’s excesses and therefore prayed that their union be dissolved.

Falilat refused to come to court in spite of being served court summonses.

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Adisa in his evidence said, My wife and I got married 13 years ago although I did not pay her bride price.

The once intimate and steady relationship between my wife and I has turned sour and degenerated because of her rebellious nature.

“She has made life unbearable for me ever since she joined the OPC. Falilat is now wild and uncontrollable.

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READ ALSO:My Husband Comes Home With Used Condoms — Wife

“She refuses to take instructions from me and dares that I do my worst any time we have a misunderstanding.

“My wife has completely abandoned her duties at home.

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“She neither cooks for our children nor ensures that they appear neat. They look haggard and unkempt all the time.

“Falilat hardly sleeps at home. On the few occasions she did, she would return home in the middle of the night drunk and disturbing the neighbourhood.

“She has turned me into a source of ridicule in our compound and neighbourhood.

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READ ALSO:My Husband Threw Stones At My Mother, Bit Me When We Fought — Wife

Falilat denies me my conjugal right. The last time we had sex was almost two years ago.

“My lord, I am better off without a wife than have Falilat under my roof.

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“I pray the court to stop our relationship so that I can have peace of mind.”

The court president, Mrs O.E Qwoseni, while giving her judgment stated that there was no marriage to be dissolved because no customary marriage was carried out and the bride price was not paid.

Owoseni added that the defendant was given ample opportunity to defend herself but that she failed to make use of the opportunity.

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According to her, the evidence of the plaintiff was deemed admitted.

Ruling, Owoseni dissolved their union.

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Tears As MKO Abiola’s Wife Doyinsola Laid To Rest In Lagos

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Dr Doyinsola Abiola, pioneering journalist and widow of the late Chief M.K.O. Abiola, was laid to rest on Friday in Lekki, Lagos, following a solemn funeral service at the Cathedral Church of Christ, Marina.

Her burial concluded a week of tributes that began on Tuesday at Harbour Point, Victoria Island, where family, colleagues, and associates celebrated her groundbreaking contributions to journalism and her service to Nigeria.

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The funeral service, officiated by Ven. Henry Adelegan, Canon Residentiary of the Cathedral, featured scriptural readings by family and close associates. Psalm 91 was read by Midun Tobun, while the Epistle from 1 Thessalonians 4:13–18 was delivered by Suru Aboaba.

In his sermon, the Diocesan Bishop of Lagos West, Rt. Rev. Pelu Johnson, reflected on Abiola’s legacy under the theme of restoration and hope. He hailed her as a “record-breaker who shattered glass ceilings,” noting her trailblazing achievements as Nigeria’s first female Ph.D. holder in journalism, first female editor of a national daily, and the first woman to lead a national newspaper as Managing Director and Editor-in-Chief of the National Concord.

READ ALSO:From ‘Tiro’ to Concord: Inside Doyin Abiola’s Fearless Media Journey

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She stood resolutely with her husband during Nigeria’s democratic struggle, using Concord Newspapers as a powerful voice in the battle for freedom. Her legacy lives on through the generations she inspired and mentored,” Bishop Johnson said.

He also used the occasion to urge the government to confront Nigeria’s current challenges, including insecurity, unemployment, and corruption, while easing the burden on citizens.

The service drew a distinguished audience, including President Bola Tinubu’s representative, Minister of Finance Wale Edun; Presidential spokesperson Bayo Onanuga; Lagos State Governor Babajide Sanwo-Olu; former Lagos governor Akinwunmi Ambode; former Ogun State governor Otunba Gbenga Daniel; and former Minister of Industry, Trade and Investment, Nike Akande.

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Other dignitaries in attendance included Eniola Bello, Managing Director of ThisDay; Adesoji Ajayi-Bembe, Obanikoro of Lagos; Sir Steve Omojafor, Chairman of STB-McCann; Yeni Anikulapo-Kuti; former presidential aide Femi Adesina; Mrs Abimbola Fashola, wife of former Lagos governor Babatunde Fashola; Dele Babarinsa, co-founder of Tell magazine; Yemi Ogunbiyi, Managing Director of Daily Times; and Gbenga Adefaye, Provost of the Nigerian Institute of Journalism.

READ ALSO:OPINION: Onitiri-Abiola And The Madness In Ibadan

Following the service, her body was conveyed to her final resting place in Lekki, where she was laid to rest amid prayers, hymns, and heartfelt tributes.

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Dr Doyinsola Abiola, who died on August 5, 2025, at the age of 82, is remembered as a trailblazer in Nigerian journalism, a defender of democracy, and a matriarch whose quiet strength and enduring influence left an indelible mark on the nation.

 

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Air Peace Reacts To NSIB’s Report On Drug, Alcohol

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The management of Air Peace has reacted to media reports based on a purported preliminary report by the Nigerian Safety Investigation Bureau, regarding an incident involving one of its aircraft at the Port Harcourt International Airport on July 13, 2025.

The airline’s reaction was contained in a statement signed by its management and shared on its official X account on Friday.

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Air Peace, which operates domestic and regional routes, has in recent years positioned itself as Nigeria’s flagship private carrier, with a reputation for relatively strong operational standards in an industry often plagued by safety concerns.

The airline is also IOSA-certified, a global safety benchmark by the International Air Transport Association.

The PUNCH reports that the NSIB on Friday indicted an Air Peace pilot and a Co-pilot for taking hard drugs and alcohol.

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The accident investigators tested the crew positive for the substances after the aircraft they flew was involved in a runway excursion at the Port Harcourt International Airport on July 13, 2025.

READ ALSO:JUST IN: Air Peace Crew Tested Positive For Alcohol, Drug — NSIB Report

This was contained in a preliminary report signed by the Director of Public Affairs and Family Assistance at Nigerian Safety Investigation Bureau, Mrs Bimbo Olawumi Oladeji, made available to PUNCH Online on Friday.

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However, reacting to the report, on Friday, the airline’s statement partly read: “Our attention has been drawn to media stories on a purported preliminary report by the Nigerian Safety Investigation Bureau (NSIB) currently circulating online and in the media regarding the incident involving one of our aircraft at Port Harcourt on July 13, 2025.

“We are yet to receive any official communications from the NSIB on such findings over a month after the incident and after the testing of the crew for alcohol, which took place in less than an hour of the incident.”

The carrier emphasised that it places the highest priority on safety, transparency, and compliance, describing the report as misleading.

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“As a responsible airline, we place utmost priority on safety, transparency, and compliance, and it is important to set the record straight,” the statement said.

The airline further explained its internal policies on crew discipline, stating, “Air Peace conducts frequent alcohol and drug tests on our crew. We have a very strict alcohol use policy that is stricter than the 8 hours before the flight as provided in the regulations. Drug use is a NO-NO!”

READ ALSO:JUST IN: Tension As Air Peace Flight Veers Off Runway In Port Harcourt

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Providing details of actions taken after the Port Harcourt incident, Air Peace revealed that the captain of the affected flight was grounded.

“The captain of the affected flight was grounded and relieved from further flight duty till date for failure to adhere to Crew Resource Management (CRM) principles and for disregarding standard go-around procedures as advised by his co-pilot but not for testing positive to the breathalyser test, as the result was not communicated to us by NSIB to date”, the airline’s statement added.

However, the airline defended the co-pilot, saying he acted professionally during the incident. “Contrary to reports in the media, the First Officer (Co-pilot), who demonstrated professionalism in calling for a go-around to his captain, has been reinstated into active flying duties, with full approval from the Nigerian Civil Aviation Authority (NCAA).

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“The NCAA cleared him. If he was involved in drug or alcohol use, the Nigerian Civil Aviation Authority would not have cleared him to resume flight duties”, it stated.

The airline added that if the relieved captain’s test result later proves positive, then it would “increase the frequency of our alcohol and drug tests on our crew.”

READ ALSO:Proposed Tesla Pay Package Could Make Musk World’s First Trillionaire

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Air Peace also stressed the importance of retraining and stricter monitoring going forward.

Again, the importance of Enhanced Crew Resource Management Training cannot be overemphasised. We will intensify strict Fitness-for-Duty checks and Stronger Internal Monitoring to prevent any breach of our zero-tolerance safety policy”, the statement continued.

Reassuring passengers and the Nigerian public, the airline added: “Air Peace has consistently maintained a strong safety record and strictly implements global best practices in all aspects of its operations, and we reassure our esteemed passengers and the Nigerian public that safety will never be compromised in Air Peace.”

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The July 13, 2025, incident at Port Harcourt International Airport reportedly involved a go-around manoeuvre initiated by the co-pilot after the captain allegedly failed to adhere to standard landing procedures.

Media reports suggested that alcohol consumption may have been a factor, citing a breathalyser test.

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