May 18, 2026/Coronation Update Summary According to data from the National Bureau of Statistics (NBS), Nigeria’s headline inflation rate sustained its upward trajectory in April 2026, rising 31bps to 15.69% y/y from 15.38% y/y in March. This marks the second consecutive month of increase in headline inflation, following the end […]
Updates
Dangote Refinery Reduces Jet Fuel Price to N1,650
May 18, 2026/Dangote Group Dangote Petroleum Refinery & Petrochemicals has reduced the price of aviation fuel (Jet A1) to N1,650 per litre from N1,750 per litre, in a move aimed at easing cost pressures on airlines and ensuring uninterrupted fuel supply across the country. This is in addition to a […]
Nigeria’s Core Reserves: Peeling Back the Layers
Summary Nigeria’s external reserves story in 2025 and early 2026 has been, on its face, remarkable. Gross reserves touched a 17-year high of $50.45 billion in February 2026. The CBN disclosed a Net Foreign Exchange Reserve (NFER) of $34.80 billion at end-2025, a figure that exceeds the country’s entire gross […]
