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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COURT ORDERS FINAL FORFEITURE OF DIEZANI'S 56 HOUSES TODAY.

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      Justice Abdulaziz Anka of the Federal High Court sitting in Ikoyi, Lagos, on Wednesday, October 11, 2017, ordered the final forfeiture of a total of 56 houses belonging to a former Minister of Petroleum Resources, Diezani Alison-Madueke, to the Federal Government.
The properties valued at about $21,982,224 are located in Lagos and Port Harcourt, River State.The order followed an exparte application filed by the EFCC.The EFCC, in an affidavit in support of the application, stated that Alison-Madueke, who is currently in the United Kingdom where she is also being investigated for money laundering, had acquired the houses between 2011 and 2013 with proceeds of crime.
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