Connect with us

business

Nigeria’s Inflation Drops to 15.10% in January 2026

Published

on

Inflation

Nigeria’s inflation eased to 15.10% in January 2026 from 15.15% in December, with food prices also showing a slight decline, NBS reports

Nigeria’s inflation rate fell slightly to 15.10 percent in January 2026, down from 15.15 percent in December 2025, the National Bureau of Statistics (NBS) reported on Monday.

Advertisement

Also read: Nigeria Customs Launches One-Stop-Shop to Cut Clearance Time

The NBS Consumer Price Index (CPI) showed a month-on-month decline of 2.88 percent, a 3.42 percentage point improvement compared to December’s 0.54 percent.

The CPI for January 2026 stood at 127.4, reflecting a 3.8-point decrease from the preceding month’s 131.2.

Food inflation also eased, dropping to 8.89 percent in January from 10.84 percent in December 2025, signalling modest relief in the cost of essential commodities.

Advertisement

Despite the downward trend, Nigerians continue to express concerns over the rising cost of living, highlighting ongoing economic pressures despite the disinflationary signals.

Also read: US Embassy in Nigeria to Close for Presidents’ Day

The January data indicates a slowdown in the rate of increase of average prices compared with December, providing early signs that inflationary pressures may be moderating as the year progresses.

Advertisement
Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

news

Rest of World to Shut Down as Search for New Home Continues

Published

on

Rest of World

Rest of World shutdown plans point to January 2027 as leaders seek a new institutional home for the nonprofit technology newsroom

Rest of World, the international nonprofit digital publication known for reporting on technology’s impact beyond Western markets, is preparing to end operations as an independent organisation in January 2027 while its leadership searches for a new institutional home.

Also read: Flamingos Target Quarter-Finals in Mexico Clash

Deputy Editor Rina Chandran confirmed the development in a LinkedIn post on Monday, October 26, 2026, saying the newsroom would continue publishing until the end of January as efforts to secure a future for the publication continued.

Advertisement

“Yes, it’s true: Rest of World is shutting down. After six years of award-winning reporting, our leadership is searching for a new home for the publication that was launched to cover innovation outside the West,” Chandran wrote.

She recalled joining the publication as its Southeast Asia editor in Bangkok before moving to San Francisco, where she became a deputy editor covering how technology developed in Silicon Valley affects people in other parts of the world.

Chandran described working with the publication’s reporters, editors, freelancers and columnists as a privilege, expressing appreciation for the people who contributed to its journalism.

Advertisement

She also reassured contributors that work already commissioned would still be published and that existing journalism would be preserved and remain accessible.

“If you are a freelancer or columnist who has already been commissioned, you’re good! Your work will be preserved and continue to be accessible,” she wrote, thanking readers, donors and supporters.

The announcement follows a report by Semafor on Sunday that Rest of World founder and principal financial backer Sophie Schmidt had held discussions with several large institutions about potentially taking over the newsroom.

Advertisement

According to Semafor, two people familiar with the plans said a late-January wind-down date had been set to give employees time to receive exit packages and seek new jobs if efforts to find a new institutional home failed.

Schmidt reportedly told donors that the publication would stop operating as a standalone entity at the end of January.

The proposed closure comes amid a reported decline in traffic from web searches and social media referrals over the preceding 18 months.

Advertisement

The publication had attempted to retain readers by placing greater emphasis on Western audiences and requiring visitors to register before accessing articles.

Founded in 2020, Rest of World sought to broaden technology journalism beyond the traditional focus on Silicon Valley and other Western technology centres.

Its reporting examined how digital products, platforms and infrastructure shape everyday life, work and economies in emerging markets and other underreported regions.

Advertisement

Schmidt pledged $60m to establish the project as a nonprofit newsroom.

Over the years, its coverage has explored technology-driven changes in labour markets, digital infrastructure, artificial intelligence and the influence of major technology companies.

The publication’s 2025 annual report said it reached more than 753,000 readers monthly across platforms and channels, with reporting spanning nearly 40 countries during the year.

Advertisement

Those figures illustrate the scale of its international reporting, even as the organisation faces difficulties sustaining its current operating model.

The planned end of independent operations does not necessarily mean the publication’s journalism will disappear.

Its leadership is seeking an institution that could provide a future for the newsroom, while Chandran has said its existing work will remain accessible.

Advertisement

Also read: Flamingos Target Quarter-Finals in Mexico Clash

Whether a suitable organisation will take over the publication, and what form Rest of World might take under new ownership or institutional support, remains unresolved.

Advertisement
Continue Reading

Trending