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Nigeria's broadband penetration reaches a record 58.22% in August as data use climbs

The Nigerian Communications Commission's August figures show broadband and data growing faster than the subscriber base.

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Economy

Nigeria's inflation is steady at 15.39%. What is driving it?

Consumer prices rose 15.39% in the year to August 2026, the National Bureau of Statistics reported, little changed from 15.43% in July. The steadiness hides a reversal: food inflation has climbed from 8.89% in January to 19.57%, while core inflation, which excludes farm produce and energy, has eased to 13.29%.

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Markets

Nigeria's pension assets reach ₦31.8 trillion as funds lean into shares

Nigeria's pension funds held ₦31.80 trillion at the end of August 2026, according to the National Pension Commission, up 22.8% from ₦25.90 trillion a year earlier. Domestic equities rose to 19.87% of assets from 13.93%, while federal government securities fell to 55.97% from 61.11%.

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