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.
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.
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.
Nigerians spent at least ₦5.43 trillion on petrol in Q1 2026, according to analysis of data from the NMDPRA and the National Bureau of Statistics (NBS).
Nigeria’s foreign currency-denominated tax receipts rose sharply to ₦6.33 trillion in 2025, reflecting higher contributions from multinational firms and the impact of exchange rate reforms, according to data from the National Bureau of Statistics (NBS).
