Nigeria’s aviation industry recorded its first contraction in nearly two years in Q1 2026, with air transport output plunging by 47.3% year-on-year in nominal terms, according to the National Bureau of Statistics (NBS).
The manufacturing sector contributed 9.57% to real GDP in Q1 2026, according to the National Bureau of Statistics (NBS), marking a rebound from the 7.40% share in Q4 2025.
Private sector credit dropped sharply by over ₦14 trillion in just two months, falling to ₦80.59 trillion in April 2026 from a peak of ₦94.61 trillion in February 2026, despite the Central Bank of Nigeria’s (CBN) decision to ease monetary policy.
The price of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, is approaching ₦2,000 per kilogram in several parts of Nigeria as households prepare for the 2026 Eid-el-Kabir celebrations.
The Seme Area Command of the Nigeria Customs Service (NCS) has generated ₦9.798 billion in revenue between March and May 2026, marking a sharp increase compared to the ₦2.188 billion collected in the same period of 2025.
Nigeria’s economy grew by 3.89% in real terms in Q1 2026, according to the National Bureau of Statistics (NBS), with expansion driven mainly by agriculture, telecommunications, financial services, construction, and trade.
