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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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LG Chairman Drags Niger Govt To Court Over Alleged Tenure Reduction

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Alhaji Aminu Yakubu-Ladan, the Chairman of Chanchaga Local Government Area (LGA) in Niger, has sued the state government over alleged reduction of tenure of local government chairmen and councillors.

Yakubu-Ladan, in the suit filed at the Federal High Court in Abuja, sought an order restraining the Niger State Independent Electoral Commission (NSIEC) and its co-defendants from conducting the scheduled LGAs’ election until the expiration of their tenure.

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The News Agency of Nigeria (NAN) reports that the NSIEC has fixed November 1 for the conduct of the local government poll across the state.

However, the plaintiff, in the suit, named the Attorney-General of Niger State, the House of Assembly, NSIEC, Independent National Electoral Commission (INEC) and Inspector-General (IG) of Police as 1st to 5th defendants respectively.

READ ALSO:Naira Records Three Straight Depreciations Against Dollar As Foreign Reserves Drop

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The chairman is challenging the constitutionality of the Niger State Local Government Law, 2001, which seeks to reduce the tenure of local government chairmen and councillors from four years to three years.

Yakubu-Ladan, in the originating summons marked: FHC/ABJ/CS/1370/2025, dated July 10 but filed July 11 by his counsel, Chris Udeoyibo, sought eight questions for determination.

The chairman questions whether the state government can enforce inconsistent local government law, 2001 (as amended), which clashed with the 1999 Constitution (as amended) and the Electoral Act, 2022.

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Should Niger State Local Government Law Section 29 (2) be declared unconstitutional for clashing with the 1999 Constitution (as amended) and the Electoral Act, 2022,” he said.

READ ALSO:Court Orders Final Forfeiture Of N335m, Hospital, Five Filling Stations To FG

The plaintiff seeks a declaration that a four-year tenure for local government chairmen and councillors is constitutionally guaranteed by virtue of the Constitution and the Electoral Act, 2022.

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The suit also challenged the NSIEC’s preparation for the local government elections slated for November 1.

The plaintiff, therefore, seeks an order restraining the defendants from the elections on Nov. 1 until the expiration of a four-year tenure for chairmen and councillors.

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The suit also seeks to restrain INEC and the I-G from providing logistical support and security protection for the election.

Yakubu-Ladan argued that the state’s local government law, 2001, is inconsistent with Section 7 of the constitution and Sections 018 and 150 of the Electoral Act, 2022.

The suit is yet to be assigned to a judge as of the time of the report.

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France’s Top Court Annuls Arrest Warrant Against Syria’s Ex-president al-Assad

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France’s highest court Friday annulled a French arrest warrant against Syria’s ex-president Bashar al-Assad — issued before his ouster — over 2013 deadly chemical attacks.

The Court of Cassation ruled there were no exceptions to presidential immunity, even for alleged war crimes and crimes against humanity.

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But its presiding judge, Christophe Soulard, added that, as Assad was no longer president after an Islamist-led group toppled him in December, “new arrest warrants can have been, or can be, issued against him” and as such the investigation into the case could continue.

Human rights advocates had hoped the court would rule that immunity did not apply because of the severity of the allegations, which would have set a major precedent in international law towards holding accused war criminals to account.

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French authorities issued the warrant against Assad in November 2023 over his alleged role in the chain of command for a sarin gas attack that killed more than 1,000 people, according to US intelligence, on August 4 and 5, 2013 in Adra and Douma outside Damascus.

Assad is accused of complicity in war crimes and crimes against humanity in the case. Syrian authorities at the time denied involvement and blamed rebels.

– Universal jurisdiction –

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The French judiciary tackled the case under the principle of universal jurisdiction, whereby a court may prosecute individuals for serious crimes committed in other countries.

An investigation — based on testimonies of survivors and military defectors, as well as photos and video footage — led to warrants for the arrest of Assad, his brother Maher who headed an elite army unit, and two generals.

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Public prosecutors approved three of the warrants, but issued an appeal against the one targeting Assad, arguing he should have immunity as a head of state.

The Paris Court of Appeal in June last year however upheld it, and prosecutors again appealed.

But in December, Assad’s circumstances changed.

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He and his family fled to Russia, according to Russian authorities, after he was ousted by advancing rebels.

In January, French investigating magistrates issued a second arrest warrant against Assad for suspected complicity in war crimes for a bombing in the Syrian city of Deraa in 2017 that killed a French-Syrian civilian.

READ ALSO:FBI Cracks Down On Lagos Fraudster For Stealing ₦460m In Crypto Meant For Trump’s Inauguration

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– Indictment of ex-bank governor valid –

The Court of Cassation said Assad’s so called “personal immunity”, granted because of his office, meant he could not be targeted by arrest warrants until his ouster.

But it ruled that “functional immunity”, which is granted to people who perform certain functions of state, could be lifted in the case of accusations of severe crimes.

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Thus it upheld the French judiciary’s indictment in another case of ex-governor of the Central Bank of Syria and former finance minister, Adib Mayaleh, for complicity in war crimes and crimes against humanity over alleged funding of the Assad government during the civil war.

READ ALSO:

Mayaleh obtained French nationality in 1993, and goes by the name Andre Mayard on his French passport.

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Syria’s war has killed more than half a million people and displaced millions from their homes since its eruption in 2011 with the then-government’s brutal crackdown on anti-Assad protests.

Assad’s fall on December 8, 2024 ended his family’s five-decade rule.

AFP

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Fashion Designers, IT Specialists: UK Opens Door To Foreign Talents With New Visa Rules

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The United Kingdom has expanded its Skilled Worker visa route to include more than 70 mid-level occupations, opening the door for foreign professionals such as fashion designers, technicians, and IT specialists to work in the country with salaries starting from €29,000.

This move, which took effect on July 22, 2025, is part of the government’s strategy to tackle urgent labour shortages by easing access to roles traditionally considered outside the high-skilled visa category.

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The update introduces a newly expanded Temporary Shortage Occupation List (TSOL), which comes with significantly lower salary thresholds and streamlined visa processes for eligible roles across sectors such as engineering, construction, healthcare, science, finance, creative arts, and information technology.

The changes reflect a deliberate shift to address staffing gaps in industries critical to the UK economy.

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Under the revised rules, salary requirements now vary based on an applicant’s visa history. While standard

thresholds still apply to newcomers, those categorized as “new entrants,” PhD holders, or individuals with continuous Skilled Worker visas prior to April 4, 2024, can qualify at lower salary levels.

For instance, a pipe fitter who previously needed to earn at least £46,000 can now be eligible with £40,400. Engineering technicians are permitted at £34,700, down from £42,500. In the creative sector, fashion designers can now qualify with £29,100, while data analysts in tech are eligible at £28,600. Laboratory technicians in science and healthcare can apply with £25,000, reduced from the standard £33,400.

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This restructured visa list is seen as a direct response to economic and political pressures surrounding skills shortages. It seeks to make the UK labor market more globally competitive while addressing domestic gaps in practical, mid-level roles.

Despite these new allowances, all applicants must still meet basic eligibility requirements, including having a confirmed job offer from a licensed UK sponsor and obtaining a Certificate of Sponsorship. Applications must also include proof of qualifications, salary information, and a valid job match aligned with the official occupation codes.

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Although the government describes the updated list as temporary, no fixed end date has been announced.

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