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Nigeria’s fragile disinflation cracks as energy shock and election spending loom

Photo by Omotayo Tajudeen © Unsplash /Nigeria
By Omotayo Tajudeen © Unsplash /Nigeria
  • Inflation rises, breaking 11-month disinflation streak
  • Energy costs and politics threaten renewed price pressures

 

ABUJA, NIGERIA — Nigeria’s inflation rate rose in March 2026, snapping an eleven-month disinflation trend and raising fresh concerns about renewed price pressures in Africa’s largest economy.

Data released by the National Bureau of Statistics (NBS) on Wednesday showed inflation climbed to 15.38%, up from 15.06% in February. On a month-on-month basis, inflation accelerated sharply to 4.1% in March, compared with 2.01% the previous month.

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