Category: Business

The national average cost of maintaining a healthy diet in the country rose to ₦1,513 per adult per day in February 2026, representing a 3.76% increase from ₦1,458 recorded in the preceding month, the National Bureau of Statistics (NBS) stated yesterday. This was contained in the Cost of a Healthy Diet (CoHD) report, February 2026 which was released by the statistical agency. By implication, the cost of accessing a healthy diet had outpaced both headline food inflation in the period under review, underscoring deepening pressure on household nutrition as millions…

…As food, transport costs deepen hardship  Nigeria’s inflation rate increased to 15.69 percent in April 2026, up from 15.38% in March, intensifying pressure on households already struggling with rising living costs. Latest data released by the National Bureau of Statistics (NBS) showed that food prices, transportation fares, healthcare expenses and hospitality services remained the major drivers of inflation across the country. The NBS said food inflation stood at 16.06 percent year-on-year, fueled by higher prices of staples such as garri, beans, tomatoes, beef, cassava and yam flour. Although prices continued…

Africa’s richest man, Aliko Ɗangote, is preparing to take his flagship refinery business public with a projected valuation of up to $50 billion, in what could become the largest stock market listing in African history. According to Bloomberg, the planned Initial Public Offering (IPO) will see the company offer up to 10% of the refinery to investors, potentially raising about $5 billion on the Nigerian Exchange later this year. The ambitious valuation marks a dramatic rise from earlier estimates of $20–$25 billion in late 2025, reflecting stronger operational performance, growing…