Oil shocks pushed Nigeria’s inflation to 15.93% – Report

🇳🇬 Punch Nigeria (NG) —
Oil shocks pushed Nigeria’s inflation to 15.93% – Report

AI Summary

Nigeria's inflation rose to 15.93% in May 2026, ending an 11-month disinflation trend, mainly due to global oil shocks and rising energy costs. This increase impacts the country's economy as energy price volatility continues.

Nigeria’s inflation rate surged to 15.93% in May 2026, ending an 11-month disinflation streak, primarily driven by global oil shocks and rising energy cost Read More: https://punchng.com/oil-shocks-pushed-nigerias-inflation-to-15-93-report/

World Markets Commodities Energy Nigeria inflation oil shocks energy prices economy

Read original source →