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Nigeria’s trade sector attracted $65.79m in foreign capital in the first quarter of 2026, a 91.31 per cent rise from the $34.39m recorded in the same period of 2025, even as inflows moderated after a strong second half of last year. Data from the National Bureau of Statistics’ capital importation report showed the year-on-year…
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…
Nigeria’s food price situation took another difficult turn in March 2026, with official government data showing sharp increases in the cost of staple food items, even as independent market checks suggest a significant gap between bureau figures and what consumers are actually paying. The National Bureau of Statistics, NBS, in its Selected Food Price…
The National Bureau of Statistics reports that average retail petrol prices fell by 15.6 per cent year-on-year by February 2026. Data confirms the average cost reached ₦1,051.47, down from ₦1,245.80 in February 2025. This annual decline suggests a slight cooling in the downstream oil sector since the shock of the 2023 subsidy removal. Yet, the…
The Central Bank of Nigeria (CBN) has formally announced the conclusion of its 24-month banking sector recapitalisation programme, with participating lenders raising a combined N4.65 trillion in fresh capital. Domestic investors accounted for 72.55 per cent of the total funds raised, contributing approximately N3.37 trillion, while international investors supplied the remaining 27.45 per cent,…
The average pump price of petrol in Nigeria rose slightly in February 2026, even as diesel also recorded a monthly increase, according to fresh data released by the National Bureau of Statistics (NBS) on Friday. In its latest Premium Motor Spirit (Petrol) Price Watch, the NBS said Nigerians paid an average of N1,051.47 per litre…
Nigeria attracted $6.44 billion in capital importation in the fourth quarter of 2025, the National Bureau of Statistics has revealed, marking a 26.61 per cent rise from the $5.09 billion recorded in the same period of 2024. Data released by the NBS on Wednesday also showed a 7.13 per cent quarter-on-quarter improvement from the $6.01…
