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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PROCESS OF SEEKING MY SUCCESSOR MUST BE FAIR, SAYS OBASEKI. (PHOTO).

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Process of seeking my successor must be fair, says Obaseki

The Edo State Governor, Mr. Godwin Obaseki, has said the process of choosing his successor ahead of the Governorship election in 2024 must reflect fairness, equity, and a sense of inclusion, as his administration’s focus is to finish strong.

The governor, who disclosed this while addressing journalists on Friday, said it is not his place to determine, “appoint or anoint” his successor.

“But all I know is that in the process of seeking my successor, there must be fairness, equity, and a sense of inclusion because our goal is to keep Edo as one.

“For me, that is the only issue I understood that may be a problem and that should not stop us. The important thing for us as an administration is for us to finish strong and try to complete everything we told Edo people we would do for them during our campaign,” he declared.

On his relationship with the State Deputy Governor, Philip Shaibu, the governor said, “I have nothing personal against the Deputy Governor and never had. For me, the issues are very straightforward.”

MAGIC FM reports that the Independent National Electoral Commission said the Edo governorship election will be held on September 21, 2024.

 

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