Nigeria’s crude oil export earnings fell by ₦1.75 trillion in Q1 2026, despite a rally in global oil prices, according to the National Bureau of Statistics (NBS).

Headline inflation has climbed to 15.93% in May 2026, according to the latest Consumer Price Index (CPI) report from the National Bureau of Statistics (NBS). 

That experience brought home a troubling reality: kidnapping in Nigeria is no longer merely a security challenge. It has become a thriving criminal industry, one that extracts enormous wealth from households, cripples economic productivity, devastates communities and leaves deep psychological scars on its victims.

Nigeria’s spending on petrol imports plunged by over 96% in Q1 2026, dropping to just ₦87.4bn, according to the National Bureau of Statistics (NBS).

Nigeria’s merchandise trade surplus surged to ₦7.55 trillion in Q1 2026, a 340.9% increase from the previous quarter, according to the National Bureau of Statistics (NBS).

Trade sector attracted $65.79m in foreign capital in Q1 2026, a 91.3% increase year-on-year from $34.39m in Q1 2025, according to the National Bureau of Statistics (NBS).