Nigeria's food inflation increased to 12.12% in February 2026, reversing January's relief. Dealers are adjusting prices for rice, beans, garri, and other staples amid regional disparities, with Kogi recording the highest rate at 26.91%.
Nigeria's headline inflation rate eased marginally to 15.06 percent in February 2026, showing a slight decline from January's 15.10 percent. The National Bureau of Statistics reported significant yearly drops but noted monthly price increases, with food c
Nigeria's inflation rate decreased to 15.06% in February 2026, with Katsina, Imo, and Ebonyi recording the lowest rates while Kogi had the highest, according to the National Bureau of Statistics.
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Discover five African countries whose currencies outperform Nigeria's Naira, including Tunisia, Libya, Botswana, Morocco, and Seychelles, and learn the economic factors behind their strength.
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President Bola Tinubu has directed the Renewed Hope Ambassadors to distribute rice nationwide to support citizens observing Ramadan and Lent, promoting unity during fasting seasons.
Nigeria's total trade in Q4 2025 was N36.21 trillion, marking a decline from previous quarters. Crude oil remained the top export, while the country recorded a trade surplus of N1.71 trillion.
Lagos faces a severe housing deficit of 3.396 million units, pushing 9-5 workers to relocate to affordable suburbs in Lagos and Ogun State. Discover key areas like Ikorodu, Epe, and Magboro offering cheaper rents.
The Nigerian naira appreciated by N27.03 against the US dollar in the official market, closing at N1,366.23/$1, while external reserves crossed $50 billion, boosting forex liquidity and market confidence.
A Nigerian man's attempt to relocate abroad backfired, leaving him with over N10 million in debt. His mother's sacrifice of building funds and jewelry helped him survive the crisis.
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The ongoing US-Israel conflict with Iran has triggered a dramatic surge in fuel prices across Africa, with Nigeria paying N1,143 per litre and Malawi facing N4,074. Libya records the lowest price at N34.20.
A Nigerian woman's video detailing her 5-hour daily journey from Ibadan to Lagos for work has gone viral, sparking widespread reactions and highlighting commuting struggles.
A man in the United States went viral on TikTok after dramatically rolling on the ground at a fuel station upon discovering gas prices had doubled from $2 to $4 per gallon in just two weeks.
The Central Bank of Nigeria disclosed that fuel subsidies and forex distortions cost Nigeria 6% of GDP, with reserves dropping to $800 million before recent reforms reversed the trend.
The Central Bank of Nigeria announces external reserves have exceeded $50 billion for the first time in over 13 years, attributing growth to economic reforms and naira stability.
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The Nigerian naira appreciated by 0.34% against the US dollar in the official market, closing at N1,371.51/$1, while also gaining ground against the pound sterling and euro. Analysts attribute the recovery to increased foreign inflows and CBN intervention
A Nigerian man expressed shock after seeing fuel priced at N1,400 per litre at a filling station, sharing a photo that went viral and drew widespread reactions online.
The Lagos State Government urges residents to file personal income tax returns by March 31, 2026, to avoid penalties up to N100,000. Filing is mandatory for all income earners, even if no tax is owed, with a fully digitised process available.
The Trump administration issues a temporary license allowing countries to purchase Russian oil stranded at sea, aiming to stabilize global supply after Iran's closure of the Strait of Hormuz disrupts energy markets.
A young Nigerian man's video revealing fuel sold at N1,400 per liter at a Lagos filling station sparks widespread reactions online amid global oil market tensions.
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A new study shows Nigeria's poverty rate surged to 63% following petrol subsidy removal, with low-income households hardest hit. Experts call for stronger social safety nets.
Former US President Donald Trump minimized concerns about increasing oil prices, stating the United States profits significantly when energy costs rise. He emphasized preventing Iran from obtaining nuclear weapons as his primary focus.
China has tightened export restrictions on refined oil products to shield its economy from Middle East instability, causing global market volatility and raising energy security concerns.
The Nigerian naira appreciated significantly against the US dollar in the official market, closing at N1,376.19/$, following the Central Bank's resumption of dollar sales. The parallel market remained stable at N1,440/$.
The Central Bank of Nigeria injected $200 million into the forex market to stabilize the naira, leading to consecutive gains and improved market sentiment amid high dollar demand.
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As UK unemployment is projected to peak at 5.3% in 2026, this guide outlines essential financial support available to jobseekers including Jobseeker's Allowance and Universal Credit.
The Federal Government is tracking escalating Middle East conflicts involving the US, Israel, and Iran to protect Nigeria's economic stability, citing risks to oil prices and capital flows.
President Bola Tinubu asserts Nigeria's economy is recovering from early challenges, with state governors no longer needing bank loans to pay workers' salaries, citing reforms and improved financial stability.
Nigeria's non-oil exports soared to N12.36 trillion in 2025, up from N9.09 trillion in 2024, driven by growth in agriculture, manufacturing, and solid minerals, according to the National Bureau of Statistics.
A Nigerian tax expert highlights how comprehensive tax reforms can reduce oil dependence, attract investment, and foster inclusive growth through fair and transparent systems.
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A Nigerian woman calls for public attention on national issues like fuel scarcity, highlighting its broad impact on transport, food prices, and services, urging citizens to speak up on policies.
