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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MAGU TASKS BANKS ON ADEQUATE PROTECTION OF CUSTOMERS FROM CYBER CRIMINALS.{PHOTO}.#PRESS RELEASE.

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     The Acting Chairman of the EFCC, Ibrahim Mustapha Magu has urged financial institutions in the country to do more towards ensuring that their customers are protected from the nefarious activities of cyber criminals. Magu made this appeal on Saturday, January 11, 2020 while speaking as a guest speaker at an event organised by Ilorin Bankers Committee, titled: "Cyber Crimes Threat and Challenges: the role of Financial Institutions. " The EFCC boss, who was represented by Head, Advance Fee Fraud Unit, Ilorin Zonal Office of EFCC, Mr Olamide Sadiq tasked financial institutions on awareness creation and education of their customers on the antics of cyber criminals and to collaborate with law enforcement agencies and their in-house cyber security units to identify suspicious activities.
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