Opaindex tracks 6 sourced policy stories from Nigeria, each dated and cross-linked to live market data. The latest: "Nigeria's inflation eases to 15.91% in June 2026 — but food prices accelerated".
NBS data shows headline inflation slipped to 15.91% year-on-year in June 2026, the first decline after three straight monthly increases. The composition is less comforting: food inflation ran at 17.52% and its month-on-month pace jumped to 3.75%, from 2.98% in May.
· 4 min readNigeria's Monetary Policy Committee kept the benchmark rate (MPR) at 26.5% at its 19-20 May 2026 meeting - its first pause after February's cut - as headline inflation edged up to 15.69% in April.
Broad money (M3) climbed ₦4.22 trillion to ₦129.21 trillion in May, a fresh all-time high. About 70% of that increase came from net foreign assets — oil-driven FX inflows — while domestic credit barely moved, even with the CBN holding its rate at 26.5%.
NBS data shows headline inflation ticked up to 15.93% year-on-year in May 2026 — a third straight monthly rise — even as the month-on-month pace cooled to 1.75%. Food inflation held at 16.96% and remained the single biggest driver.
The CBN's composite PMI rose to 49.6 in May from 49.4 in April, but remained in contraction territory for a second month. Agriculture kept expanding, services and industry stayed weak, while the Stanbic PMI pointed to a stronger private-sector rebound.
NBS data shows real GDP rose 3.89% year-on-year in the first quarter of 2026, up from 3.13% a year earlier but down from 4.07% in Q4 2025. The non-oil economy did almost all the work, while crude output kept slipping.
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