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Nigeria’s headline inflation rate edged higher in April 2026, rising to 15.69 percent from 15.38 percent recorded in March, as persistent pressure from food prices, transport fares, hospitality costs, and healthcare expenditure continued to squeeze household budgets across the country. The National Bureau of Statistics disclosed this in its Consumer Price Index report released…
The Federal Government has buckled under the threat of a national strike by approving a 40 per cent peculiar allowance for civil servants. This pay hike applies to those on the Consolidated Public Service Salary Structure and serves as a tactical bribe to keep the peace. The president signed the order just hours before a…
Nigeria has failed to meet its oil production target for the ninth consecutive month. Fresh data from the upstream regulator shows the country pumped 1.49 million barrels per day in April. This falls just short of the 1.5 million barrels promised to OPEC. While the volume represents an improvement over March, it confirms a stubborn…
Nigerians spent a staggering N6.54 trillion on vehicle spare parts in 2025. This figure represents nearly 15 per cent of the national budget and dwarfs the N2.7 trillion spent on actual vehicle imports. Joseph Osanipin, head of the National Automotive Design and Development Council, revealed these numbers at the 2026 West Africa Automotive Show. The…
Nigeria consumed 1.53 billion litres of petrol in April, as the Dangote Refinery cemented its status as the nation’s primary fuel source. Data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) shows that daily consumption averaged 51.1 million litres. This volume highlights a significant reliance on a single private entity for energy security….
Nigeria’s state governments have abruptly tightened their purse strings. Capital expenditure across 26 states fell by 58% in the first quarter of 2026, dropping to N1.59tn from N3.79tn in the previous quarter. This N2.2tn contraction signals a sharp pivot away from infrastructure as the 2027 general elections approach. While roads and hospitals wait, political alignments…
Nigerians are paying 300 per cent more for electricity while receiving the same dismal service. Two years after the government introduced Band A tariffs to boost revenue, the power grid remains stuck. Data from the Independent System Operator shows average generation hovers around 4,200 megawatts. Distribution companies ration even less, sharing just 3,618 megawatts among…
The Federal Government and the United Nations Development Programme begin a nationwide push on Monday to fix Nigeria’s fragmented development plans. Abubakar Momoh, the Minister of Regional Development, wants to end the era of agencies working at cross purposes. A new policy framework for 2026 to 2030 will now dictate how regional commissions spend their…
Aliko Dangote’s refinery has scrapped its brief attempt to raise the price of petrol at its gates. On Wednesday, the firm reversed a N75 increase that had pushed the depot price toward N1,350 per litre. The cost for marketers has now returned to the N1,275 benchmark. This pivot follows a week of confusion that saw…
The Nigerian passport is climbing the global charts. While it rose six places on the Henley Passport Index to rank 89th this April, the move is an optical illusion. The rise stems from the collapse of other failing states rather than its own strength. In reality, the list of countries willing to welcome Nigerians without…
