NIGERIA’S INFLATION RATE RISES FOR THIRD CONSECUTIVE MONTH. (PHOTO).

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 Nigeria’s inflation rate rises for third consecutive month Nigeria’s inflation rose for the third consecutive month to 15.93 percent in May 2026 from 15.69 percent recorded in April. The National Bureau of Statistics disclosed this in its Consumer Price Index and inflation data released on Monday. This means that in May, the country’s inflation rose on a month-on-month basis by 1.75 percent. Also, the report showed that food inflation also skyrocketed to 16.96 percent in May, up from 16.06 percent recorded the previous month. “In May 2026, the headline inflation rate on a month-on-month basis was 1.75 percent, which was 0.39 percent lower than the rate recorded in April 2026 (2.13 percent). On a year-on-year basis, the headline inflation rate rose to 15.93 percent, up from 15.69 percent in April 2026 and down from 26.06 percent in the same month of the preceding year (May 2025). “The Food inflation rate in May 2026 on a month-on-month basis was 2.98 percent, down by 0.65 percentag...
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IMPEACHMENT MOTION AGAINST THE PRESIDENT OF SOMALIA,HAVE BEEN DROPPED YESTERDAY.

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                     According to sources,Somalia's parliamentary speaker has withdrawn an impeachment motion brought against President Hassan Sheikh Mohamud the latest crisis to threaten the country's stability as it struggles to rebound from two decades of chaos and war.Somalia lawmakers last month filed the motion against Mohamud,accusing him of abuse of office and betraying the country.Mohamud has said he is committed to holding elections before his term runs out in August 2016.''We have dropped the motion against the president parliament speaker Mohamed Sheikh Osman Jawari said late yesterday friday,adding that he had convened a meeting on October 7 to try to resolve the issues raised in the motion.Jawary said he made his decision because the majority of parliament's 275 lawmakers wanted the motion resolved through dialogue.''This also came after considering the political security and economic situation of the country and the short period available''.But Mohamed Abdullahi Fadhaye,one of the 93 lawmakers who supported the impeachment motion,rejected the speaker's decision.

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