Fuel, Transport Costs Drive Selling Price Inflation To 4-Month High

Higher fuel and transportation costs pushed selling price inflation among Nigerian private-sector firms to a four-month high in October 2026, as businesses continued to grapple with rising operating expenses despite sustained economic growth.
The latest Stanbic IBTC Bank Nigeria Purchasing Managers’ Index (PMI), released yesterday, showed that firms increased their selling prices at the fastest pace in four months, with more than 29 per cent of respondents raising their charges during the month.
The report attributed the increase to higher fuel, transportation, and other input costs, which continued to feed into production costs across the private sector.
Although business condition...