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).  

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.