<< Back             Poser >> Food inflation rate rises 5th consecutive month to 20.31% By Elizabeth Adegbesan Nigeria’s food inflation rate rose significantly by 2.79 percentage points to 20.31 percent in July from 17.52 percent in June, representing the fifth consecutive month’s rise since March 2026. The 20 percent threshold in food inflation rate was last recorded in February 2021. The National Bureau of Statistics, NBS, disclosed this yesterday in its Consumer Price Index (CPI) Report for July 2026. The report stated: “The Food inflation rate in July 2026 was 20.31 percent on a year-on-year basis and stood at 26.2 percent in the same month of the preceding year (July 2025). “On a month-on-month basis, the Food inflation rate in July 2026 was 5.56 percent, up by 1.82 percent points from June 2026 (3.75 percent).” The bureau noted that the increase in food inflation rate was due to change in the average prices crayfish, pepper (fresh), onions (fresh), carrots (fresh), rice, water yam, tomatoes (fresh), garri, plantain, beef, egg, guinea corn, ginger, plantain flour, etc. The bureau added: “In July 2026, food inflation on a Year-on-Year basis was highest in Adamawa (51.36 percent), Katsina (30.84 percent), and Zamfara (30.65 percent), while Borno (-0.31 percent), Nasarawa (6.88 percent) and Kebbi (12.50 percent) recorded the slowest rise in food inflation on a Year-on-Year basis. “On a Month-on-Month basis, however, July 2026 Food inflation was highest in Adamawa (17.02 percent), Lagos (13.48 percent) and Borno (13.26 percent), while Jigawa (-3.68 percent), Kebbi (-3.67%), and Bauchi (-1.85 percent) recorded the slowest rise in Food inflation on a Month-on-Month basis.” However, the headline inflation rate fell for the second consecutive month by 0.48 percentage point to 15.43 percent in July from 15.91 percent in June driven primarily by a deceleration in core inflation to 14.97 percent in July from 15.92 percent in June. Likewise, MoM inflation moderated to 1.57 percent  in July, compared with 1.66 percent in June. This means that in July 2026, the rate of increase in the average price level was lower than the rate of increase in the average price level in June 2026. Vanguard Business News	Food inflation rate rises 5th consecutive month to 20.31% By Elizabeth Adegbesan Nigeria’s food inflation rate rose significantly by 2.79 percentage points to 20.31 percent in July from 17.52 percent in June, representing the fifth consecutive month’s rise since March 2026. The 20 percent threshold in food inflation rate was last recorded in February 2021. The National Bureau of Statistics, NBS, disclosed this yesterday in its […] HBM Nigeria’s profit rises 57% to N208bn in H1’26 By Peter Egwuatu HBM Nigeria Plc, formerly Lafarge Africa Plc, recorded a 57 per cent increase in profit after tax (PAT) to N208 billion in the first half of 2026 (H1’26), from N132.677 billion recorded in the corresponding period of 2025. The cement manufacturer, in its financial results released on the Nigerian Exchange Limited (NGX), also […] How 24 firms control over 70% of Nigeria’s stock market Twenty-four companies have emerged as the most valuable stocks on the Nigerian Exchange Limited (NGX) year-to-date (YtD) as of August 17, 2026, collectively accounting for 74.8 per cent of the total market capitalisation of the equities market. Ghana government shifts economic focus from stability to growth, jobs – Minister Mr Thomas Nyarko Ampem, Deputy Minister of Finance, says the government is shifting its economic focus from restoring macroeconomic stability to translating the gains into higher investment, production, exports and quality jobs. Nigeria-China trade hits $18bn in H1’26 Nigeria’s aquatic products have secured zero-tariff access to China’s market of about 1.4 billion consumers under a new protocol, as bilateral trade between both countries reaches $18 billion in the first half of 2026 (H1’26). The development is expected to boost Nigerian exports and foreign exchange earnings, with Chinese Ambassador to Nigeria, Yu Dunhai, disclosing that […] Cedi appreciates against US dollar from GH¢11.75 – GH¢10.94 in one week  The Ghana cedi appreciated significantly against the United States dollar over the past week, strengthening from an interbank buying rate of GH¢11.75 on August 10 to GH¢10.94 on August 17, according to Bank of Ghana daily exchange rate data.