TROOPS ARREST SUSPECTED KIDNAPPER, RECOVER AK-47 RIFLE ALONG BENIN–SAPELE ROAD. (PHOTO). #PRESS RELEASE

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 TROOPS ARREST SUSPECTED KIDNAPPER, RECOVER AK-47 RIFLE ALONG BENIN–SAPELE ROAD Troops of 4 Brigade Nigerian Army, Operation WABAIZIGAN, have arrested a suspected kidnapper and recovered an AK-47 rifle and ammunition during a targeted operation along the Benin–Sapele Road in Ikpoba-Okha LGA of Edo State. The suspect, identified as Olamide Oyeniyi, was arrested on 12 September 2026 at Obaretin Community by troops conducting operations to disrupt criminal activities and safeguard major transportation routes within the area. Items recovered from the suspect include one AK-47 rifle, one magazine and eight rounds of 7.62mm Special ammunition. Other items recovered are one Tecno mobile phone, two bags, one torchlight, one music box and assorted charms. The suspect and recovered items are currently in troops’ custody for further investigation, while efforts are ongoing to establish his links to other criminal elements and determine his possible involvement in kidnapping and related activi...
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NIGERIA’S INFLATION DROPS TO 22.97%.(PHOTO).

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 Nigeria’s inflation drops to 22.97%


The National Bureau of Statistics, NBS, on Monday, announced that Nigeria’s headline inflation rate has dropped to 22.97 percent.


NBS said the May 2025 headline inflation rate decreased 0.74 per cent compared to the April headline inflation rate.


According to the statistics office, inflation declined significantly to 1.53 percent in May from 1.86 percent in April, on a month-on-month basis.


This indicated a slower pace in the rise of prices across the economy.


On a year-on-year basis, the NBS said the headline inflation rate was 10.98 per cent lower than the rate recorded in May 2024 (33.95 per cent).


It stated that the easing in inflation was driven by a slowdown in price increases across key segments, including farm produce, utilities, clothing, and health.


Also, NBS announced that food inflation declined to 21.14 percent in May from 21.16 percent in April.


The statistics office attributed this sharp decline largely to base-year effects following the inflation rebasing methodology.


On a month-on-month basis, however, food inflation increased marginally to 2.19 percent in May from 2.06 percent in April.

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