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Lagos, Lagos State – By Prime Brief Media

Nigeria's headline inflation rate is projected to rise to 15.95 per cent in April 2026, marking the second consecutive monthly increase and deepening the cost-of-living crisis faced by millions of households.

The projection, released by analysts at Financial Derivatives Company, comes ahead of the National Bureau of Statistics' official release. Inflation had risen to 15.38 per cent in March, reversing months of decline. The latest uptick is attributed to rising fuel prices, which have pushed transportation and food costs higher, and persistent supply chain disruptions.

"The pass-through effect of higher petrol prices is significant. Food inflation, which disproportionately affects low-income households, is expected to accelerate. We are not out of the woods yet," the FDC report stated.

Global crude oil prices hovering above $100 per barrel have increased the cost of imported refined products, despite Nigeria's improving domestic refining capacity. The Central Bank of Nigeria is expected to hold interest rates steady at its next MPC meeting as it balances inflation control with growth concerns.

Consumer advocacy groups have called for enhanced social protection measures to cushion the impact on vulnerable Nigerians.

Prime Brief Media will report on further economic indicators and official responses as they become available.

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