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N246bn NEDC allocation not for salaries only, Budget Office clarifies

By Progress Godfrey ABUJA – The Budget Office of the Federation (BOF) has dismissed claims that the North East Development Commission (NEDC) runs a N246.77 billion salaries budget, describing the narrative as false and misleading. The Budget Office stated that the N246.77 billion assigned to the NEDC is a consolidated statutory provision shown at an overall […]

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Inflation drops to 15.15%, as food inflation declines further

By Elizabeth Adegbesan The National Bureau of Statistics, NBS, yesterday said headline inflation rate fell by 2.18 percentage points  to  15.15 percent in December 2025 from 17.33 percent in November 2025. The NBS disclosed this in its Consumer Price Index (CPI), report for December 2025. Recall, early this week that the NBS adjusted its CPI methodology […]

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