Browsing Tag
NBS
4 posts
Food Prices Climb Despite Overall Inflation Slowdown
Although headline inflation saw a marginal decline in June 2026, the cost of food items continued to climb across various regions, driven by higher prices for essential produce and grains.
Domestic Flight Costs Jump Over 20 Percent in May
New data from the National Bureau of Statistics shows that domestic airfares increased by 20.8 percent in May 2026, alongside sharp price hikes across bus, motorcycle, and water transport sectors.
Healthy Food Daily Cost Climbs to N1,589
The National Bureau of Statistics reported a 3.12 percent rise in the daily cost of a healthy diet to N1,589 in April 2026, driven by widespread food price increases.
NESG: Export Diversion Undermines Nigeria’s N7.55 Trillion Trade Surplus
The NESG warns that Nigeria is losing significant economic value as exporters bypass local ports and certification systems in favor of neighboring countries, despite a record trade surplus.