Business
Nigeria Inflation Eases to 15.06% in February 2026
Nigeria inflation eased to 15.06% in February 2026, down from 15.10%, while food inflation rose sharply, NBS reports
Nigeria’s inflation rate eased to 15.06 per cent in February 2026, down from 15.10 per cent in January, the National Bureau of Statistics, NBS, reported on Monday.
Also read: Ethanol Mandate Revisited: A Practical Path to Curbing Inflation through Fuel Price Relief
The bureau’s February Consumer Price Index and inflation report indicated that the country’s headline inflation declined by 0.04 percentage points on a month-to-month basis.
However, food inflation surged to 12.12 per cent in February from 8.89 per cent in the previous month, highlighting persistent pressures in essential commodities.
The NBS noted that on a month-on-month basis, headline inflation rose by 2.01 per cent in February, compared with a decline of 2.88 per cent in January.
“This means that in February 2026, the rate of increase in the average price level was higher than the rate of increase in the average price level in January 2026,” the report stated.
Financial analysts at the Financial Derivatives Company, FDC, had predicted a steeper decline, forecasting that February’s headline inflation would fall to 14.07 per cent.
Also read: NBS to Normalise December 2025 Inflation Data
Economists are now observing the rising food costs, warning that the increase could affect household budgets and economic planning despite the overall easing of headline inflation.
Business
ISAT Group Rebrands, Partners Afro Mobile to Launch High-Speed Broadband Services in Nigeria by Q3 2026
New identity signals bold expansion as landmark investment accelerates affordable, high-speed connectivity for millions of Nigerians.
Nigeria’s digital economy is set for a major boost as ISAT Group unveiled a new corporate identity and announced a strategic alliance with Afro Mobile, ahead of its Q3 2026 commercial launch.
The partnership is underpinned by Afro Mobile’s acquisition of a 40% equity stake in ISAT Group and a US$3 billion financing package structured by Equiline Finance, positioning the alliance among the largest indigenous broadband investment initiatives in Nigeria’s telecommunications sector.
The rebranding marks ISAT Group’s evolution into a next-generation digital connectivity company focused on broadband, satellite communications and enterprise solutions. Together, the partners will expand affordable, high-speed internet access to homes, businesses, government institutions and underserved communities nationwide.
ISAT Group Chief Executive Officer, Dr. Adeyanju Binuyo, described the development as a transformational milestone.
“Our vision extends beyond connectivity. We are building the digital infrastructure that will power businesses, connect communities, stimulate innovation and accelerate Nigeria’s digital economy. This partnership demonstrates our commitment to making world-class broadband accessible to every Nigerian.”
Group Chairman, Mr. Ganiyou AFOLABI Moustapha, said the alliance reflects ISAT Group’s long-term confidence in Nigeria’s future.
“This investment is a strong vote of confidence in Nigeria’s digital economy. Together with Afro Mobile, we are building a resilient indigenous broadband platform that will create jobs, drive innovation and support inclusive national development.”
With operations commencing in Q3 2026, ISAT Group and Afro Mobile are poised to emerge as a leading indigenous broadband provider, delivering next-generation connectivity that will help bridge Nigeria’s digital divide and power the country’s next phase of economic growth.
Business
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