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Nigeria’s Inflation Rate Rises to 15.69% in April 2026 – NBS
BY NKECHI NAECHE-ESEZOBOR—The National Bureau of Statistics (NBS), has said that Nigeria’s headline inflation rate increased to 15.69% in April 2026, when compared to 15.38% recorded in March.
This was contained its Consumer Price Index (CPI) Report April 2026.
According to NBS report Consumer costs continued to increase across key sectors of the economy, even though the pace of monthly price growth slowed and remained lower than levels recorded in the same period last year.
The NBS noted that the year-on-year movement reflects ongoing pressure from elevated food costs, higher energy expenses, and continued disruptions in supply chains.
It noted that on a month-on-month basis, the Headline inflation rate in April 2026 was 2.13%, which was 2.05% lower than the rate recorded in March 2026 (4.18%).
“This means that in April 2026, the rate of increase in the average price level was lower than the rate of increase in the average price level in March 2026.”
Urban inflation was recorded at 15.40 percent, while rural inflation stood higher at 16.36 percent, with food prices rising by 16.06 percent year-on-year, though lower than 24.68 percent in April 2025 due to changes in the cost of major staples.
Core inflation, which excludes volatile food items and energy costs, stood at 15.86 percent in April 2026, significantly lower than 26.05 percent recorded in the corresponding period of the previous year.
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Sterling Financial Holdings reported a 74.8 per cent increase in net profit for 2025, compared to the preceding year, amid improvement across the group’s key revenue streams, according to its audited results released on Friday.
The financial services group, which has operations in commercial banking, non-interest banking as well as fund & portfolio management, posted N76.3 billion in profit after tax, up from N43.7 billion a year earlier.
Gross earnings rose 44.4 per cent to N486.8 billion, the highest on record, supported by a jump in interest income and fees & commission income.
Net interest income advanced to N208.7 billion from N134.8 billion, while fees & commission income climbed to N60.3 billion from N44.3 billion.
Sterling Financial Holdings made a provision of N32.9 billion to cover credit loss expense, more than three times the amount it laid aside for the same purpose a year earlier.
Impairment on loans to corporate entities accounted for 83.1 per cent of that sum, climbing to N27.4 billion from N2.6 billion.
Other operating income more than doubled to N37.4 billion on the back of a dramatic rise in income from direct commodity trading.
ALSO READ: Sterling Financial Holdings reports 102% profit growth in 2024
Profit before tax surged by 89.2 per cent to N86.8 billion, while total assets expanded to N3.9 trillion from N3.5 trillion, supported by higher loans and advances to customers.
Also on Friday, the banking group issued its unaudited report for the first quarter of the year, showing a 35.5 per cent leap in post-tax profit to N23.4 billion, compared to the same period of 2025.
Gross earnings for the period climbed to N134.8 billion from N95 2 billion.
BY NECHI NAECHE-ESEZOBOR: The Nigerian Communications Commission (NCC), in partnership with the Lagos State Infrastructure Maintenance and Regulatory Agency (LASIMRA) and the Association of Telecommunications Companies of Nigeria (ATCON), has begun a statewide telecom infrastructure sanitation initiative in Lagos.
The exercise is designed to clean up improperly installed telecommunications facilities and ensure better protection of Critical National Information Infrastructure across the state.
The first phase of the operation took place along Toyin Street in Ikeja and nearby areas, where officials discovered widespread cases of poorly arranged fibre optic cables.
Many of the cables were seen loosely suspended on fences, utility poles, drainage systems, and in some cases left lying directly on the ground.
Some of the exposed lines were still active and dangerously close to pedestrian movement, raising concerns about safety risks and environmental disorder.
The NCC said the initiative is part of a broader national effort to improve telecom infrastructure management and enhance quality of service for consumers.
The Commission also expressed concern over the poor installation practices observed in some parts of Lagos, noting that such conditions make infrastructure vulnerable to damage and service disruption.
LASIMRA, on its part, described the exercise as part of its balanced regulatory approach, which combines enforcement with engagement to ensure compliance.
The agency stressed that improper deployment of telecom infrastructure affects service quality, public safety, and the overall appearance of the urban environment.
Operators have been given a window, through ATCON, to correct identified issues before enforcement measures are fully applied.
ATCON said the exercise reflects the industry’s commitment to improving environmental standards and supporting a more organised and efficient telecom ecosystem in Lagos.
Telecom operators and infrastructure providers, including major industry players, participated in the exercise and expressed support for the initiative.
The cleanup drive is expected to continue across other parts of Lagos as regulators and stakeholders work to improve infrastructure standards, safety, and service reliability.
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