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).
For millions of Nigerians, a trip to the market has, in recent years, become an exhausting exercise in survival. The soaring cost of rice, beans, garri, maize, yam and other staples has placed severe pressure on households already grappling with stagnant incomes, rising transport fares and broader economic hardship.
Nigeria’s headline inflation rate rose to 15.38 per cent in March 2026, up from 15.06 per cent recorded in February, according to the latest Consumer Price Index (CPI) report by the National Bureau of Statistics (NBS), released on Wednesday.
Data from the National Bureau of Statistics (NBS) showed imports remained significant across all quarters, with values of ₦125bn in Q1, ₦117bn in Q2, ₦92bn in Q3, and ₦101bn in Q4.
FDI Lags Behind Amidst Surge in 2025 Capital Inflows
Foreign direct investment (FDI) accounted for less than four per cent of total capital imported into Nigeria in 2025, despite a significant increase in overall foreign inflows, data from the National Bureau of Statistics has shown.
The...
Nigeria’s food inflation rate rose to 12.12% in February 2026, reversing the single-digit level recorded in January and signalling renewed pressure on household food costs.
