Headline inflation eased slightly to 15.91% in June 2026, down from 15.93% in May, but more than half of the country’s states still recorded annual inflation above 30%, according to the National Bureau of Statistics (NBS).
Nigeria’s Reserves Rise to $52bn as Inflation Falls to 15.9%
The Central Bank of Nigeria (CBN) has reported a landmark recovery in the nation’s financial buffers, with gross foreign reserves surging to $51.89bn, nearly reaching the $52bn mark as of mid-July 2026.
This multi-year milestone, according...
Nigeria’s headline inflation rate came in at 15.91 per cent in the month of June, down from 15.93 per cent in May of 2026, according to data released by the National Bureau of Statistics (NBS), marking the first drop in three months.
Inflation Risks Nigeria’s Poverty Reduction Progress – IMF
The International Monetary Fund (IMF) has warned that rising prices of essential goods could deepen poverty and worsen food insecurity in Nigeria despite recent improvements in the country’s macroeconomic stability.
The warning was contained in the IMF’s July...
In Three Months, Manufacturing Sector Remits N330bn in VAT
Nigeria’s manufacturing sector remitted a record N329.59bn in Value Added Tax in the first quarter of 2026, the highest quarterly VAT contribution by the sector in four years and the largest share recorded by any economic...
