Food inflation in Nigeria surged above 20% in 11 states in April 2026, according to the National Bureau of Statistics (NBS), marking renewed pressure on household purchasing power.
Nigeria’s flagship crude grade, Bonny Light, is trading at about $117 per barrel, edging closer to $120, as the U.S.–Iran conflict continues to disrupt global oil markets.
The Federal Government has described the Office of the Tax Ombud as a critical bridge between taxpayers and revenue authorities, aimed at strengthening transparency, fairness, and public trust in Nigeria’s tax administration system.
The Office of the Tax Ombud has unveiled its official website, launched a taxpayer call centre, and deployed a digital case management portal in a move aimed at strengthening accessibility, transparency, and trust in Nigeria’s tax administration system.
The Central Bank of Nigeria (CBN) says 63.3% of Nigerians want interest rates reduced, according to its April 2026 Inflation Expectations Survey Report, ahead of the Monetary Policy Committee (MPC) meeting scheduled for May 19–20.
