Nigeria, May 14 -- The Financial Market Dealers Association projected headline inflation at 16.42 percent for April 2026, higher than the 15.38 percent recorded in March.



Despite earlier indications that inflation was dropping, The News Chronicle reports that the most recent prediction indicates fresh strain on businesses and households. Analysts attributed the projected rise to rising food costs, higher transportation expenses, and rising gasoline prices across major cities in the country.



The report states that average gasoline prices rose to over N1,320 in April, while staple foods like yams, maize, and millet also saw further price increases. Though the naira showed minor improvement against the dollar throughout the month, a...