According to Nairametrics, the average retail price of Premium Motor Spirit, or petrol, increased by 55.31% year-on-year, reaching N1,596.25 per litre in May 2026.

According to Onyema, Nigerian airlines are increasingly reliant on bank loans due to rising fuel costs. This statement follows the recent announcement by Dangote Petroleum Refinery, which reduced the price of aviation fuel (Jet A1) to N1,450 per litre. The situation underscores the ongoing challenges faced by domestic airlines in Nigeria amid fluctuating fuel prices.

According to the International Air Transport Association (IATA), African airlines experienced an 8.9% increase in passenger demand in May 2026, contrasting with a 2.2% decline in global market demand. This data highlights the resilience of the African aviation sector amid broader challenges faced by the global airline industry.

The National Bureau of Statistics (NBS) reported that the national average Cost of a Healthy Diet (CoHD) increased by 3.12 percent month-on-month in April 2026, reaching N1,589 per adult per day, up from N1,541 in March 2026. This information was disclosed in the CoHD Report released by the NBS.

Air Peace has announced an expansion of its domestic operations for the Summer 2026 season by introducing additional flight frequencies to enhance connectivity for its customers. This initiative aims to meet the increased demand during the summer period, according to Tribune Online.

The Central Bank of Nigeria (CBN) has announced that the Federal Government (FG) plans to raise N5.8 trillion through Treasury Bills in the third quarter of 2026, marking a 241 percent increase compared to N1.76 trillion sold in the same period in 2025. This increase is part of the government's borrowing strategy for the 2026 budget, according to Vanguard Business.