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Nigeria’s Inflation Rate Rises To 24.2%

By Abubakar Yunusa
The National Bureau of Statistics (NBS) says Nigeria’s headline inflation rate edged up to 24.23 percent in March 2025.
The NBS announced the increase in its consumer price index (CPI) for March on Tuesday.
The new rate indicates an upward movement from the 23.18 percent reported in February.
It also signals a return to levels (24.48 percent) recorded in the beginning of year following the CPI rebasing.
“In March 2025, the Headline inflation rate rose to 24.23% relative to the February 2025 headline inflation rate of 23.18%,” the bureau said.
“Looking at the movement, the March 2025 headline inflation rate showed an increase of 1.05% compared to the February 2025 Headline inflation rate.
“Furthermore, on a month-on-month basis, the Headline inflation rate in March 2025 was 3.90%, which was 1.85% higher than the rate recorded in February 2025 (2.04%).
“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 statistics body said the headline inflation rate was driven by cost of food, transport, and accommodation services.
The statistics firm said food inflation rate in March 2025 was 21.79 percent on a year-on-year basis.
“However, on a month-on-month basis, the bureau said food inflation rate was 2.18 percent in the period reviewed, “up by 0.50% compared to February 2025 (1.67%)”.
“The increase can be attributed to the rate of increase in the average prices of Ginger (fresh), Garri (Yellow), Broken Rice (Ofada), Honey (Natural Production), Crabs, Potatoes, Plantain Flour, Peri-winkle (Unshelled), pepper (fresh), etc,” the NBS said.
The NBS report said food inflation, on a year-on-year basis, was highest in Oyo (34.41 percent), Kaduna (31.14 percent), Kebbi (30.85 percent).
On the other hand, states such as Bayelsa (9.61 percent), Adamawa (12.41 percent), and Akwa Ibom (12.60 percent) recorded the slowest rise in food inflation on year-on-year basis.
The bureau also said on a month-on-month basis, food inflation was highest in Oyo (19.74 percent), Kaduna (17.24 percent), and Kebbi (14.03 percent) while states like Sokoto (-14.10 percent), Nasarawa (-9.91 percent) and Edo (-5.78 percent) recorded a decline
News
Matawalle, Defence Chief Visit Borno To Boost Counter-Insurgency

The Minister of State for Defence, Dr Bello Muhammad Matawalle, and Chief of Defence Staff, General Christopher Gwabin Musa, arrived in Maiduguri, Borno State, on Friday for a high-level operational visit to Operation HADIN KAI (OPHK), the military’s counter-insurgency campaign in the North East.
The visit, according to a statement by Ahmad Dan Wudil, the minister’s media aide, aims to evaluate the troops’ operational readiness, boost morale among frontline personnel, and review strategies to restore lasting peace and stability in the region.
The statement underscored the Armed Forces of Nigeria’s commitment to safeguarding the nation’s sovereignty and territorial integrity.
The trip comes amid growing concerns over resurgent attacks by Boko Haram and the Islamic State West Africa Province (ISWAP) in Borno State.
Earlier this month, Governor Babagana Zulum warned that the security situation was deteriorating, with insurgents dislodging military formations in areas such as Wulgo, Wajiroko, and Sabon Gari.
Zulum urged the federal government and security agencies to act decisively to prevent a reversal of the gains made in the fight against insurgency.
“While we appreciate the tremendous support from the federal government and the military, the current shift in focus away from the North East risks undermining our progress,” Zulum said, highlighting the need for renewed efforts to curb the escalating violence.
The minister’s visit signals a renewed commitment to addressing the security challenges in Borno, where sporadic attacks have raised fears among residents and displaced communities.
Operation HADIN KAI remains a cornerstone of Nigeria’s efforts to combat insurgency and restore stability to the troubled region.
News
World Malaria Day: Caleb Danladi Foundation Renews Commitment To Fighting Malaria

By Israel Bulus, Kaduna
As Nigeria joins the global community to mark World Malaria Day 2025, the Caleb Danladi Foundation has stepped up its efforts to combat the disease, with a special focus on protecting vulnerable populations.
Aligning with this year’s theme, “Malaria Ends With Us: Reinvest, Reimagine, Reignite,” the Foundation facilitated the re-enrollment of hundreds of women, children, and other at-risk groups into the Kaduna State Health Insurance Scheme.
Founder of the Foundation, Captain Caleb Danladi, disclosed that the organisation fully funded the beneficiaries’ insurance premiums to enhance their access to malaria prevention and treatment services.
Speaking during Friday’s commemoration, Danladi lamented that malaria continues to claim countless lives, particularly in underserved communities.
“Healthcare is a right, not a privilege,” he said. “On this World Malaria Day, we reaffirm our commitment to saving lives through direct support, strong advocacy, and strategic investments in community health solutions.”
He emphasised the need for sustained investments in healthcare and a reimagined approach to delivering equitable services across communities.
Danladi also urged government agencies, healthcare workers, and development partners to strengthen collaboration efforts aimed at eradicating malaria, noting that safeguarding the health and dignity of Nigerians especially women and children is a shared responsibility.
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Trump’s tariffs will have minimal impact on Africa, says Okonjo-Iweala

The Director-General (D-G) of the World Trade Organisation (WTO), Dr Ngozi Okonjo-Iweala, stated that Africa would be minimally impacted by the tariffs imposed by the President of the United States of America (USA), Donald Trump.
Okonjo-Iweala made the remark during an interview with Nigerian journalists at the Spring Meetings of the World Bank in Washington D.C. on Friday.
She explained that only 6.5 per cent of Africa’s exports go to the USA, while 4.4 per cent of its imports come from the U.S., meaning that the impact on the continent would be minimal.
“The trade of the continent is very limited with the USA. We have done the analysis, and the impact on the continent as a whole is not significant,” she said.
However, she noted that Africa’s limited trade with the USA was also not ideal, as it hindered economic growth.
The D-G emphasised that Africa needed to focus on utilising its own resources to reach its full potential, as aid was declining, and the continent required more investment.
She pointed out that Africa must strengthen internal trade, citing Lesotho as an example.
In spite of Lesotho exporting 200 million dollars’ worth of textiles to the USA, the country faced challenges due to the shrinking U.S. market.
Okonjo-Iweala noted that Africa spent 7 billion dollars annually on importing textiles, suggesting that Lesotho should instead focus on selling textiles within African markets.
She also urged the USA to consider the effects of tariffs on least-developed countries, calling for a reassessment of the reciprocal tariffs in poorer nations.
Okonjo-Iweala concluded that Africa needed more investments and should work towards boosting intra-Africa trade, which remained underdeveloped.
“We cannot trade more externally, where our trade is only 3 per cent of world trade, or internally, where intra-Africa trade is 16 to 20 per cent at most,” she said.(NAN)