News
Nigeria’s Inflation Climbs To 15.38% In March
Nigeria’s headline inflation rate rose to 15.38% in March 2026, reflecting a modest increase from the 15.06% recorded in February.
This is according to the latest data from the National Bureau of Statistics (NBS).
The Consumer Price Index (CPI) increased to 135.4 in March 2026, reflecting a 5.4-point increase from the preceding month (130.0).
In March 2026, the headline inflation rate rose to 15.38%, up from 15.06% in February 2026 and stood 27.35% in the same month of the preceding year (March 2025).
Looking at the movement, the March 2026 headline inflation rate showed an increase of 0.32% compared to that recorded in February 2026.
However, on a month-on-month basis, the rate in March 2026 was 4.18%, which was 2.17% higher than the rate recorded in February 2026 (2.01%).
The percentage change in the average CPI for the twelve months ending March 2026 over the average for the previous twelve-month period was 20.05%, showing a 1.48% increase compared to 18.58% recorded in March 2025.
On a year-on-year basis, in March 2026, the Urban inflation rate was 14.64%. On a month-on-month basis, the Urban inflation rate was 3.16% in March 2026, up by 0.61% compared to February 2026 (2.55%).
The corresponding twelve-month average for the Urban inflation rate was 20.04% in March 2026. This was 0.06% points lower compared to the 20.10% reported in March 2025.
Rural inflation rate in March 2026 was 17.22% on a year-on-year basis.
On a month-on-month ba sis, the Rural inflation rate in March 2026 was 6.73%, up by 6.02% compared to February 2026 (0,71%).
The corresponding twelve-month average for the Rural inflation rate in March 2026 was 19.74%. This was 2.93% points higher compared to the 16.81% recorded in March 2025.
The food inflation rate in the month under review was 14.31% on a year-on-year basis and stood at 25.22% in the same month of the preceding year (March 2025).
However, on a month-on-month basis, food inflation rate in March 2026 was 4.17%, down 0.52 percentage points from February 2026 (4.69%).
The drop was attributed to the rate of change in the average prices of the following products: Yam, Ginger (Fresh), Cassava Tuber, Groundnuts (Shelled), Irish Potatoes, Avenger (Ogbono/Apon) – Dried Ungrinded, Toma toes (fresh), Cassava Flour sold loose, etc.
NBS said average annual rate of Food inflation for the twelve months ending March 2026 over the previous twelve-month average was 18.21%, which was 17.81% points lower compared with the average annual rate of change recorded in March 2025 (36.02%).
The “All items less farm produces and energy” or Core inflation, which excludes the prices of volatile agricultural produce and energy, stood at 16.21% in March 2026 on a year-on-year basis; a decline of 10.91% points when compared to the 27.12% recorded in March 2025.
On a month-on-month basis, the core inflation rate was 4.03% in March 2026, up by 3.14% points compared to Feb ruary 2026 (0.89%).
The average twelve-month annual inflation rate was 21.09% for the twelve months ending March 2026, which was 6.25% points lower than the 27.34% recorded in March 2025.
On a state level, headline inflation was highest in Bayelsa Year-on-Year with (27.37%), Sokoto (26.03%), and Bauchi (23.67%), while Osun (5.25%), Kano (9.85%), and Kaduna (10.38%) recorded the lowest rise.
On a Month-on-Month basis, however, March 2026 recorded the highest increases in Zamfara (10.77%), Bauchi (9.37%), and Sokoto (9.05%), while Lagos (1.54%), Akwa Ibom (1.80%), and Rivers (1.89%) recorded the lowest rise in the Month-on-Month inflation.
Food inflation was highest in Bayelsa (33.35%), Sokoto (28.02%), and Adamawa (21.67%), while Kano (4.29%), Oyo (4.86%), and Katsina (7.48%) recorded the slowest rise on a Year-on-Year basis.
On a Month-on-Month basis, however, March 2026 food inflation was highest in Sokoto (11.78%), Niger (8.59%), and Gombe (8.10%), while Katsina (0.09%), Ogun (0.77%), and Adamawa (1.30%) recorded the slowest rise in Food inflation on a Month-on-Month basis.
![]()
Headline
‘Unknown Entities’, Atiku Slams NNPCL Deal With Chinese Firms
By Augustine Akhilomen
…Accuses NNPCL Of Lacking Transparency And Attempting To Hide The Details Of The Deal
Former Vice President and 2023 presidential candidate, Atiku Abubakar, has demanded the immediate suspension of the deal between the Nigerian National Petroleum Company Limited (NNPCL) and Chinese firms aimed at reviving the Port Harcourt and Warri refineries.
Atiku, through his media aide Phrank Shaibu on Friday, criticized the partnership as an “opaque” and “dangerous gamble” with Nigeria’s economic future.
He accused the NNPCL of lacking transparency and attempting to hide the details of the deal, similar to previous controversial agreements.
Atiku referred to the Chinese firms, identified as Sanjiang Chemical Company Limited and Xingcheng (Fuzhou) Industrial Park Operation and Management Co. Ltd, as unknown entities lacking the credibility for such a massive project.
“It is both shocking and insulting that after wasting over $2.5 billion on endless refinery rehabilitation scandals, the NNPC is once again asking Nigerians to trust another experiment built on secrecy and questionable competence,” Atiku stated.
“There is no publicly available evidence anywhere in the world showing that Sanjiang has ever built, operated, or managed a full-scale crude oil refinery of the magnitude and complexity of Port Harcourt or Warri refineries.
“Processing petrochemical derivatives is not the same as running an aging national refinery burdened with decades of operational decay,” Atiku noted.
Also, Atiku said the second Chinese firm, Xingcheng (Fuzhou) Industrial Park Operation and Management Co. Ltd., appears to have absolutely no verifiable experience in petroleum engineering, refinery operations, or hydrocarbon processing.
“By every available corporate and industry record, Xingcheng is essentially an industrial park and infrastructure management company — the equivalent of handing over a hospital’s intensive care unit to a real estate developer simply because they can construct buildings,” the statement added.
“It is unacceptable that after years of failed turnaround maintenance scams, billions of dollars squandered, and repeated lies about refinery functionality, Nigerians are now being told to celebrate a memorandum of understanding signed with companies whose core expertise does not align with the technical realities of refinery rehabilitation.
“Nigerians must not allow the same people who destroyed the refineries through incompetence and corruption to now hide behind vague Chinese partnerships to continue the cycle of deception,” he said.
“The era where NNPC signs opaque agreements abroad and expects Nigerians to clap blindly is over.
“National assets are not toys for bureaucratic experimentation. The Port Harcourt and Warri refineries are too strategic to be surrendered to uncertainty, obscurity, and corporate guesswork”, he stated.
![]()
News
Angwan Rukuba Killings: Court Fixes July For Hearing In Terrorism Case
A Plateau State High Court in Jos has fixed July 1 and 2, 2026, for a definite hearing in the terrorism case arising from the Angwan Rukuba killings, involving four defendants accused of terrorism and committing acts of terrorism.
The case came up on Thursday before Justice Gidelia Fomyon of Court 9 for a Case Management Conference (CMC), in line with the provisions of Order 4 of the Administration of Criminal Justice Law (ACJL) 2024 and the Administration of Criminal Justice Act (ACJA) 2015.
At the commencement of proceedings, the Attorney General of Plateau State, Philemon Daffi, led the prosecution team representing the people of Plateau State. Senior Advocate of Nigeria, Mustapha Shaba Ibrahim, appeared with his team for the first and second defendants, while M.M. Salihu represented the third defendant, and M.B. Abdullahi appeared for the fourth defendant.
The defendants in the matter are Isa Umar Ibrahim, Adamu Isa Alhassan, Auwalu Abubakar, and Musa Abubakar Ibrahim.
Addressing the court, the prosecution informed Justice Fomyon that the matter was slated for CMC and that the state was ready to proceed. Daffi adopted the prosecution’s case management form, filed on May 17, 2026, and urged the court to issue its report.
Counsel to the defendants also confirmed readiness for the conference and adopted their various responses to the case management forms already filed before the court. Counsel for the first and second defendants told the court their responses were filed on May 6, while the third defendant filed on May 7, and the fourth defendant also filed on May 6, 2026.
All defence lawyers subsequently urged the court to issue its report in accordance with relevant provisions of the law.
Justice Fomyon noted that ordinarily, a case management report ought to be issued within 60 days, but stated that given the circumstances surrounding the case and the level of public interest it has attracted, parties were allowed to suggest convenient dates for hearing.
During proceedings, the court also observed that some of the defendants had pending applications challenging the jurisdiction of the court.
Defence counsel argued that their notices of preliminary objection should be taken and ruled upon at the conclusion of the trial. However, the prosecution opposed the move, insisting that jurisdictional issues should first be resolved to avoid what it described as a “journey in futility.”
Daffi further urged the court to take cognisance of the significant public interest in the case and ensure speedy trial proceedings by ruling on the preliminary objections before the substantive hearing begins.
In his ruling, Justice Fomyon held that case management had been concluded in accordance with the law and adjourned the matter to May 26, 2026, for the court’s report on case management.
The court further fixed July 1 and 2, 2026, for a definite hearing and witness appearances in the terrorism trial.
![]()
Headline
High Court dismisses Sowore’s no case submission in Tinubu cyberbullying trial
Justice Mohammed Garba Umar of the Federal High Court in Abuja has dismissed the no-case submission made by activist, Omoyele Sowore, in the cyberbullying charge brought against him by the Department of the State Services, DSS.
DSS had charged Sowore for cyberbullying President Bola Tinubu.
The court upheld the DSS charges against Sowore for allegedly calling Tinubu a “criminal” in his Twitter handle and ordered him to enter his defense.
Justice Umar dismissed the no case submission on Friday while ruling on the application made by the activist.
Sowore had filed the no case submission and prayed the court to discharge and acquit him from the two-count charge.
In the ruling, Justice Umar held that the DSS had successfully linked Sowore with the alleged offences, adding that a prima facie case had been established against him to warrant him to enter a defense.
![]()
-
Entertainment5 years agoBBNaija: “Shameful For A Married Woman” – Boma, Tega Doing ‘Stuff’ Under Duvet Sparks Outrage (See Video)
-
Entertainment4 years agoSinger, Oxlade In Big Mess After His Sex Tape With A Strange Lady Surfaces Online (Watch Video)
-
Entertainment6 years agoBBNaija: Kiddwaya Sucks Erica’s Boobs, Licks Dorathy’s Neck In Truth Or Dare Game (Video)
-
Entertainment3 years agoI’m Not Ashamed Of My Leaked Nude Photos, Ifunanya Confesses (See Photos)
-
Crime10 months agoNDLEA intercepts Saudi, UK-bound cocaine in lipsticks
-
Entertainment5 years agoI’m Not Sick But Only Lost Some Weight – Kiss Daniel
-
Crime1 year agoNDLEA seizes N3.4bn worth of opioids in Lagos, PH, uncovers drugs in chocolate tins
-
Entertainment5 years agoHow Women Should Act During Sex – Actress, Blessing Okoro Reveals (Vdeo)



