Nigeria inflation eases to 15.43% as food prices rise and naira gains

Nigeria's headline inflation eased to 15.43% in July, down from 15.91% in June, though food prices rose sharply month-on-month (NBS). The naira gained N8.07 against the dollar, closing at N1,349.53. ASUU-KASU said over 200 lecturers, including professors, left Kaduna State University due to poor service conditions and the unimplemented 2025 FG-ASUU agreement. Edo Speaker Blessing Agbebaku resigned amid impeachment moves. Ondo Police arrested Samuel Akoade for allegedly hacking his mother to death with a machete in Ore. NDLEA destroyed 4,628.9 kg of cannabis and arrested 10 suspected traffickers in Edo State. Four Almajiris in Kano died after eating suspected contaminated food. Air Peace vehicles impounded for the Lagos airport runway blockade increased to five. Osun workers celebrated Governor Adeleke’s electoral victory, citing worker-friendly policies.

Why it matters: Lower inflation gives slight relief but rising food costs strain household budgets; naira strength may lower import prices but hurt exporters; lecturer exodus threatens university education quality; violence and drug busts signal insecurity; Almajiri deaths highlight food-safety risks; election-security assurances aim to calm fears; labor celebrations reflect political approval.

What to know/do: Monitor food prices and adjust household budgets; verify food sources, especially for children; follow university-strike updates and consider alternatives if needed; note security advisories for the 2027 elections; engage local government on worker welfare and safety; rely on official NDLEA reports for drug-related information; watch for Air Peace notices if you use the airline; stay informed through trusted outlets.

SOURCE: https://dailypost.ng/2026/08/18/nigerian-newspapers-10-things-you-need-to-know-tuesday-morning-141/