₦airaland Forum

Nigeria’s headline inflation rate moderated slightly to 15.10% in January 2026, down from 15.15% recorded in December 2025, according to the latest Consumer Price Index report released by the National Bureau of Statistics (NBS).

The marginal decline of 0.05 percentage points suggests a continued slowdown in price pressures at the start of the year, following several months of easing inflation.

On a year-on-year basis, inflation dropped significantly compared to the same period last year. The January 2026 rate of 15.10% is 12.51 percentage points lower than the 27.61% recorded in January 2025.


What the data is saying

The report also showed a contraction in prices compared to the previous month. Inflation stood at –2.88% month on month in January 2026, compared to 0.54% in December 2025, representing a drop of 3.42 percentage points.
According to the NBS, this indicates that the general price level declined in January, meaning the average cost of goods and services fell relative to December.

Despite the recent easing, the broader inflation trend remains elevated. The percentage change in the average Consumer Price Index for the twelve months ending January 2026 was 21.97%, compared to the previous twelve-month period.

This represents a 4.37 percentage point increase from the 17.59% recorded in January 2025, showing that underlying price pressures over the past year remain significant.

Food inflation plunges

Food inflation, the largest component of household spending, fell sharply in January, providing the biggest relief to consumers.
On a year-on-year basis, food inflation stood at 8.89%, a steep drop of 20.73 percentage points from 29.63% recorded in January 2025.

Month on month, food prices declined further to –6.02%, compared to –0.36% in December 2025, representing a decrease of 5.66 percentage points.

The NBS attributed the decline to falling average prices of staple items, including water yam, eggs, green peas, groundnut oil, soya beans, palm oil, maize grains, guinea corn, beans, beef, melon (egusi), cassava tubers, and cowpeas.

The twelve-month average food inflation rate for the period ending January 2026 was 20.29%, significantly lower than the 38.47% recorded in January 2025, indicating sustained easing in food price pressures over the past year.

Meanwhile, core inflation, which excludes volatile agricultural produce and energy prices, stood at 17.72% year on year in January 2026, down by 7.55 percentage points from 25.27% recorded in January 2025.

On a month-on-month basis, core inflation declined to –1.69%, compared to 0.58% in December 2025, showing slower price increases in non-food items.

The twelve-month average core inflation rate was 22.84%, representing a 4.40 percentage point decline from 27.24% recorded in January 2025.

Pakute:
https://nairametrics.com/2026/02/16/nigerias-inflation-eases-to-15-10-in-january-2026/

Pakute:
https://nairametrics.com/2026/02/16/nigerias-inflation-eases-to-15-10-in-january-2026/

anonimi:
Petrol should never cost more than N70 per litre, says APC

January 19, 2015

The All Progressives Congress (APC) has described as mere tokenism the reduction of petrol price from N97 to N87 per litre, saying the petroleum product ordinarily should sell for N70.

On Sunday, the federal government announced the reduction of petrol price, citing the fall of global crude oil price.

But the APC through Lai Mohammed, its spokesman, on Monday accused the government of making a show out of deceit, saying “a 10.3 per cent slash in the price of petrol was a mere tokenism at a time the price of crude oil has crashed by about 60 per cent”.

It argued that the pump price of a litre of petrol should not be more than 70 Naira, alleging that at N87 per litre, the government was forcing Nigerians to subsidise the massive corruption in the oil sector by N17 for every litre of fuel.

https://www.thecable.ng/petrol-never-cost-n70-per-litre-says-apc/

demstone:
wen a bag of rice was 120k , exchange rate #2000/$. reserve differential $3b, obidients made it seem d world had come to an end...

but now dat a bag of rice is btw 40k & 55k, exchange rate #1350/ $ reserve almost $50b dey live in denial... DO U LUV NIGERIA OR U JUST WANT OBI TO B PRESIDENT

Eazywit:
We re regradually getting there

anonimi:
World Bank offers Nigeria forex rate advice, as Tinubu eyes N200/Dollar rate

April 23, 2023

The President-elect said he would work with the Central Bank of Nigeria (CBN) to *bring down the exchange rate to N200 in his first term.*

“My administration will collaborate with the Central Bank to harmonize the fiscal and monetary policy to achieve immediate stabilization of the value of the naira against the US dollars and other currencies and in the short term, strengthen the naira by boosting the supply of foreign currency and moderating demand.

“The short-term goal is to achieve a naira/dollar rate of 300 naira/US$ and gradually achieve a less than 200 naira rate over the next four years, Tinubu stated.

https://www.ripplesnigeria.com/world-bank-offers-nigeria-forex-rate-advice-as-tinubu-eyes-n200-dollar-rate/?amp

Muhammadu Buhari, presidential candidate of the All Progressives Congress (APC), has promised to ensure that the naira would be equal to the dollar in value if voted into office.

NAN reports that Buhari said this on Monday during the south-east presidential rally of the party at Dan Anyiam Stadium, Owerri.

“It is sad that the value of the naira has dropped to more than N230 to one dollar. This does not speak well for the nation’s economy,” he said.

He urged the people to vote for APC, noting that he would ensure that corruption was tackled headlong if elected.

https://www.thecable.ng/ill-make-naira-equal-dollar-says-buhari/amp

anonimi:
If you love Nigeria, then you should be working hard for the country to return to PDP prosperity years of deregulation and privatisation policies.

Why are you not doing this already

anonimi:
When will Tinubu ease petrol price to N70, which his expired Buhari failed to achieve?

Abi, what is the meaning of his January 2023 promise to crash petrol price, when it was N197

demstone:
wen a bag of rice was 120k , exchange rate #2000/$. reserve differential $3b, obidients made it seem d world had come to an end... but now dat a bag of rice is btw 40k & 55k, exchange rate #1350/ $ reserve almost $50b dey live in denial... DO U LUV NIGERIA OR U JUST WANT OBI TO B PRESIDENT

anonimi:
If you love Nigeria, then you should be working hard for the country to return to PDP prosperity years of deregulation and privatisation policies.

Why are you not doing this already

Flangelo12:
Good news repulses you.

Hope you eat anytime you see good news about Nigeria?

EkoIle1:
It is now abundantly clear that President Jonathan has finally bared his fangs confirming what was widely speculated. By declaring a state of emergency in Borno, Yobe and Adamawa, he has intimidated and emasculated the governors of these States. We are witnessing a dangerous trend in the art of governance and a deliberate ploy to subvert constitutional democracy.

The body language of the Jonathan administration leads any keen watcher of events with unmistakable conclusion of the existence of a surreptitious but barely disguised intention to muzzle the elected governments of these states for what is clearly a display of unpardonable mediocrity and diabolic partisanship geared towards 2015.

Borno and Yobe states have been literally under armies of occupation with the attendant excruciating hardship experienced daily by the indigenes and residents of these areas. This government now wants to use the excuse of the security challenges faced by the Governors to remove them from the states considered hostile to the 2015 PDP/Jonathan project.

Let me be quick to say that this administration will be setting in motion a chain of events the end of which nobody can predict. Experience has shown clearly that actions, such as this one under consideration, often give root to radical ideologies and extremist tendencies, a direct opposite of the intended outcome of unwarranted and unintelligent meddlesomeness. The present scenario playing out in the country reminds one of the classical case of a mediocre craftsman who continually blames the tools of his trade for his serial failure but refuses to look at his pitiable state with a view to adjusting.


http://premiumtimesng.com/opinion/134435-jonathan-goes-for-broke-by-bola-ahmed-tinubu.html

jmoore:
Babablu Bulabu.

How much was it before Tinubu took over?

demstone:
in 1998 b4 PDP exchange rate was #20/$ petrol #25 per litre bag of rice #700 per 50kg kongo of garri #5 ..

ATLEAST TINUBU IS FIGHTING BACK AGAINST DEVALUATION SOMETHING NO LEADER HAS EVER ACHIEVED

anonimi:
How much was minimum wage in 1999 and how much was it in 2015, after PDP deregulation and privatisation policies gave us high employment productivity with low debt, less insecurity and less taxes

anonimi:
How much was minimum wage in 1999 and how much was it in 2015, after PDP deregulation and privatisation policies gave us high employment productivity with low debt, less insecurity and less taxes

demstone:
in 1998 b4 PDP took over exchange rate was #20/$, petrol #25 per litre, bag of rice #700 per 50kg, kongo of garri #5

Pakute:
https://nairametrics.com/2026/02/16/nigerias-inflation-eases-to-15-10-in-january-2026/

sonssyo:
This guy's self,why padding the inflation rate,AC is now 365k ,house rent self don enter 700k from 400k,where are they getting these statistics from, abi food stuffs alone that dropped a bit,is it now a yardstick to measure inflation...