Customs Collects Record N28.1bn in Single Day

Customs Seizes N908m Smuggled Rice in Q1 2026

The Nigeria Customs Service intercepted 15,212 bags of smuggled foreign rice valued at 907.78 million naira during the first quarter of 2026. Data from the Enforcement Investigation and Inspection Department reveals an intensified regulatory clampdown across critical border entry points. Contraband traders continue to exploit porous boundary lines to bypass federal import restrictions and trade…

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Food, Transport  Push Nigeria’s April Inflation To 15.69%

  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…

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March Inflation Hits 15.38%

  Nigeria’s headline inflation rate rose to 15.38 per cent in March 2026, snapping a year-long easing trend and signalling renewed pressure on household budgets across the country. The National Bureau of Statistics disclosed the figures in its Consumer Price Index report released on Wednesday. The increase marks the first time the headline inflation rate…

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Nigerian Inflation Easing to 15.51 Percent

Energy Shocks Threaten Nigeria’s Fragile Inflation Gains

Nigeria’s nascent battle against inflation faces a fresh assault from global energy markets, despite a marginal dip in headline figures. Data for February 2026 shows inflation eased to 15.06% year-on-year, down from 15.10% in January. While this appears positive compared to the 26.27% recorded a year ago, the Centre for the Promotion of Private Enterprise…

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Food Inflation Returns to Double Digits

  Nigeria’s food inflation rate climbed back into double-digit territory in February 2026, rising to 12.12 per cent and reversing the single-digit slowdown recorded just one month earlier, according to data released by the National Bureau of Statistics on Monday. The February figure represents a sharp month-on-month increase of 3.23 percentage points from the 8.89…

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