Nigeria's March 2026 Inflation Rises

Nigeria's headline inflation rose to 15.38% in March 2026, up from 15.06% in February, as reported by the Nigeria===National Bureau of Statistics. This uptick, largely driven by increases in food inflation, transport costs, and core inflation, has halted the recent disinflation trend. The Lagos Chamber of Commerce and Industry, through its Director General Chinyere Almona, has expressed significant concern, warning that this inflationary resurgence poses risks to business sustainability, consumer purchasing power, and overall economic competitiveness in Nigeria. The chamber has urged the Federal Government of Nigeria to implement urgent policy actions, including stabilizing energy prices, addressing structural bottlenecks in food supply chains, easing logistics and transportation constraints, enhancing exchange rate stability, and supporting local production and industrial competitiveness.