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Nigeria’s Inflation Rises To 15.69% In April 2026

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Nigeria’s inflation rate increased marginally in April 2026, rising to 15.69 per cent from 15.38 per cent recorded in March, according to the latest Consumer Price Index, CPI, report released by the National Bureau of Statistics, NBS, on Friday.

The data showed a 0.31 percentage point year-on-year increase, indicating that the general price level of goods and services remained higher compared to the previous month.

However, the report also pointed to a slowdown in price increases on a month-on-month basis, suggesting a gradual easing in the pace of inflationary pressure.

According to the NBS, month-on-month headline inflation stood at 2.13 per cent in April 2026, down significantly from 4.18 per cent recorded in March.

“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,” the bureau explained.

The statistics agency noted that although inflation remains elevated, the latest figures reflect a moderation in the speed of price increases across the economy.

On a 12-month average basis, the headline inflation rate for the period ending April 2026 was 19.16 per cent, slightly lower than the 19.33 per cent recorded in the corresponding period of 2025.

A breakdown of the report showed mixed inflation trends between urban and rural areas.

Urban inflation stood at 15.40 per cent year-on-year in April 2026, while month-on-month urban inflation eased to 1.86 per cent from 3.16 per cent in March.

The 12-month average urban inflation rate was 19.07 per cent, compared to 20.76 per cent recorded in April 2025.

In rural areas, inflation was higher at 16.36 per cent year-on-year, reflecting continued cost pressures outside major cities.

However, rural month-on-month inflation dropped sharply to 2.80 per cent in April, down from 6.73 per cent in March.

The 12-month average rural inflation rate stood at 18.99 per cent, higher than the 17.63 per cent recorded in the same period last year.

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National Drug Law Enforcement Agency, NDLEA Trains NYSC Members In Edo

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The National Drug Law Enforcement Agency, Edo Command on Thursday trained members of the National Youth Service Corps Drug Free Club as anti-drug abuse advocates.

The specialised one-day “Anti-Drug Abuse Train the Trainer” seminar, held in Benin on Thursday, was meant to strengthen grassroots sensitisation and prevention efforts among young people.

Speaking during the event, Mitchell Ofoyeju, who is the state Commander of the NDLEA, said the initiative was designed to equip corps members with the knowledge and skills required to champion drug abuse prevention campaigns in their communities.

Ofoyeju, who officially decorated the President of the NYSC Drug Free Club, Patience Ichin, as a War Against Drug Abuse partner, urged the corps members to serve as role models and peer educators in the fight against substance abuse.

He also presented copies of the NDLEA Edo State Command magazine to participants to support their advocacy activities.
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Delivering a lecture titled, “Drug Use Among Youth: A Global Perspective,” Ofoyeju highlighted the growing prevalence of substance abuse among young people and its social, health and security implications.

According to him, youths remain one of the most vulnerable groups affected by drug abuse, making preventive education and community engagement critical in tackling the menace.

Also speaking, the Head of Counselling, Treatment and Rehabilitation of the command, Hope Aigbogun, stressed the importance of the NYSC Drug Free Club in combating drug abuse.

Aigbogun described corps members as strategic change agents capable of influencing positive behavioural change among their peers and within communities.

The training also featured a drug exhibition session where participants were exposed to various illicit substances and educated on their harmful effects.

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The Nigerian National Petroleum Company Limited, NNPC Calls For Stronger Gas Financing In Africa

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The Nigerian National Petroleum Company Limited (NNPC Ltd) has urged African countries to strengthen financing structures and improve payment systems to unlock the continent’s vast gas potential and drive sustainable energy growth.

According to a statement obtained from its X handle on Friday, speaking at a strategic roundtable organised by the African Oil and Gas Coalition at the ongoing Africa CEO Forum in Kigali, Rwanda, NNPC Ltd’s Executive Vice President, Gas, Power & New Energy, Olalekan Ogunleye, said Africa must focus on building practical and bankable solutions to address long-standing challenges in gas monetisation.

The session, themed “Gas without Cash: Breaking the African Monetisation Deadlock,” brought together energy executives and policymakers to explore how the continent can attract more investment into its gas sector.

Ogunleye said Africa’s gas resources remain underutilised due to weak financing structures and payment challenges, stressing that reliable cash flow systems are critical for attracting long-term capital.

He called for stronger African-led financial frameworks that reflect local market realities and support sustainable development across the energy value chain.
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“For Africa to fully unlock its gas potential, we must move from conversations about challenges to building practical, bankable solutions that work within African realities,” Ogunleye said.

He added that reliable payment performance remains the foundation for sustainable gas commercialisation across Africa, noting that without trust in payment systems, investment in large-scale gas projects will remain limited.

Ogunleye also highlighted Nigeria’s approach to the sector, saying the country is adopting a value-chain strategy aimed at positioning itself as a regional energy hub.

“Nigeria is taking a comprehensive value-chain approach to the oil and gas business,” he said, adding that the goal is to strengthen commercial viability and expand regional energy integration.

The Africa CEO Forum, which gathers senior executives, investors, and policymakers across the continent and beyond, focuses on key themes such as regional integration, investment mobilisation, and sustainable economic growth.

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