NBS Unveils Special CPI Indices to Enhance Policy, Decision-making Explains new rebased inflation figures Inflation, MPR top agenda as MPC reconvenes today LCCI: drop in inflation due to CPI rebasing, not real reduction in price levels Analysts urge CBN to halt rate hike as prices moderate Ndubuisi Francis, James Emejo in Abuja and Dike Onwuamaeze in Lagos
Statistician-General of the Federation (SGF)/Chief Executive, National Bureau of Statistics (NBS), Mr.
Adeyemi Adeniran, yesterday, announced improvements to the reporting of the Consumer Price
Index (CPI), publishing some new special indices to better inform policymakers.
The development came as the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN)
readied to commence its two-day Continued on page 33
Wednesday 19 February, 2025 Vol 30. No 10909. Price: N400
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In Historic Development, Netherlands to Return 119 Benin Bronzes to Nigeria Items represent single largest return of Benin antiquities linked to British expedition
Emmanuel Addeh in Abuja
The Netherlands is set to return 119 Benin Bronzes to Nigeria, following
a request from the Nigerian government, a statement from the country's embassy said yesterday. The transfer agreements were
signed Tuesday by the Dutch Minister of Education, Culture and Science and the Director General of the National Commission for Museums and
Monuments (NCMM), it was learnt. According to the statement, the objects are expected to arrive in Nigeria later this year, with the
restitution underscoring the strong partnership between the Netherlands and Nigeria. The signing ceremony took place at the Wereldmuseum
in Leiden, the Netherlands, where the Benin Bronzes were previously Continued on page 33
Ijaw Leader and Last of Nigeria’s Old Brigade, Clark, Dies at 97 Tinubu, Obasanjo, Buhari, Jonathan, Atiku, Anyaoku, Akpabio, governors, Obi, Atedo Peterside, Akinyemi, political parties, others pay homage
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MEME COUNCIL MEETING WITH VICE PRESIDENT...
Late Clark
L-R: Minister of Women Affairs, Hajiya Imaan Sulaiman-Ibrahim; Deputy Governor of Enugu State, Ifeanyi Ossai; Vice President Kashim Shettima; Deputy Chief of Staff to the President (Office of the Vice President), Sen. Ibrahim Hassan-Hadejia; Senior Special Assistant to the President on Job Creation and MSMEs, Tola Adekunle-Johnson; Minister of State for Agriculture and Food Security, Sen. Aliyu Sabi Abdullahi; Minister of Innovation, Science and Technology, Chief Uche Nnaji, and others during the MEME Council meeting with Vice President at the Presidential Villa Abuja ... yesterday