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Nigeria’s Inflation Rises to 15.93% in May as Prices Remain Elevated

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Nigeria’s Inflation Rises to 15.93% in May as Prices Remain Elevated

16 Jun, 2026

The National Bureau of Statistics (NBS) has revealed that Nigeria’s headline inflation rate in May 2026 rose to 15.93 per cent from 15.69 per cent in April, as the pressure from the Iran war continued to affect the global economy. In the report on Monday, the statistical office showed that the headline inflation rate for May on a month-on-month basis was 1.75 per cent. 0.39 per cent lower than the 2.13 per cent recorded in April 2026............….......READ MORE