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Inflation rate in Nigeria

CPPE Highlights What Must Be Done To Sustain Disinflation In Nigeria

While the authorities celebrate a consecutive decline in Nigeria’s inflation rate, the Centre for Promotion of Private Enterprise (CPPE) has warned that structural issues that drive costs in the economy still persist and should be addressed to sustain the gains. The latest

August 18, 2025

Business

CardinalStone Predicts Nigeria’s Inflation To Continue Declining In August

Analysts at CardinalStone Research have predicted that Nigeria’s inflation will record further decline in August 2025, continuing the downward trajectory. The July 2025 inflation report released by the National Bureau of Statistics (NBS) on Friday showed that headline inflation dropped for the fourth

August 17, 2025

Business·News

Energy, Exchange Rate, Transportation Top Three Drivers Of Inflation In Nigeria – CBN Survey

A recent Central Bank of Nigeria’s (CBN) survey has revealed that respondents identified energy, exchange rate and transportation costs as the top three drivers of inflation in the country. The CBN’s Inflation Expectation Survey aggregated the views of businesses and Nigerian households

July 21, 2025

Business

Headline Inflation Rate Drops To 23.71% In April

Nigeria’s annual inflation rate dropped to 23.71 per cent in April from 24.23 per cent in March. This reflected a decrease of 0.52 per cent compared to the March 2025 Headline inflation rate. This was revealed in the Consumer Price Index (CPI)

May 15, 2025

CBN Raises Benchmark Interest Rate To 26.75% Amid Soaring Inflation

Business·Finance & Economy

Inflation: CBN Raises Interest Rate To 27.5%

In response to the resurgence of inflationary pressure on Nigeria’s economy, the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC), has again raised the Monetary Policy Rate (MPR), also known as the benchmark interest rate. The CBN’s MPC resolved at the

November 27, 2024

Nigeria's Inflation Rate Hits 33.88% In October Amid Fresh Fuel Price Spike

Business·Finance & Economy·News

Nigeria’s Inflation Rate Hits 33.88% In October Following Fuel Price Spike

Nigeria’s inflation rate has again recorded an increase following a fresh spike in prices of fuel and other commodities across the country. According to the Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS) on Friday, 15 November,

November 15, 2024

Finance & Economy·Opinion

Nigeria Week Ahead: Inflation, Naira And Oil In Focus

Some semblances of stability have returned to global markets after US recession fears created shockwaves last week. Still, concerns over the health of the world’s largest economy linger with investors on high alert ahead of another busy week. With the US elections

August 12, 2024

FEATURES·Finance & Economy

10 Nigerian States With Lowest Cost Of Living In 2024

While the entire country grapples with soaring inflation, there some states in Nigeria that are still better than others in terms of cost of living. This could be determined using data on inflation rate which include consumption costs in the following: food,

May 19, 2024

Nigeria Needs 17% Annual GDP Growth Rate To Achieve $1trn Economy 2030 - Expert

Business·News

Analyst Expresses Optimism That Nigeria’s Economy Won’t Witness Forex Instability In 2024

Economic experts have continued to express optimism that Nigeria’s economy is on the path to recovery and won’t witness the challenges that occured in 2023 caused by Foreign Exchange (Forex) instability and high inflation. Abuja-based financial and public policy analyst, Abdulmumin Ali,

April 22, 2024

Energy, Exchange Rate, Transportation Top Three Drivers Of Inflation In Nigeria - CBN Survey

Business·Finance & Economy·News

Nigeria’s Inflation Projected To Reach 32.63% Amidst Economic Challenges

Muhammad Sani Abdullahi, Deputy Governor of Nigeria’s Central Bank, unveiled projections indicating a rise in Nigeria’s inflation rate. Abdullahi’s insights, disclosed during an event at London’s CITI-CEEMA Macro Conference on March 20, 2024, painted a concerning picture of the country’s economic landscape.

March 21, 2024

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Inflation rate in Nigeria

CPPE Highlights What Must Be Done To Sustain Disinflation In Nigeria

CardinalStone Predicts Nigeria’s Inflation To Continue Declining In August

Energy, Exchange Rate, Transportation Top Three Drivers Of Inflation In Nigeria – CBN Survey

Headline Inflation Rate Drops To 23.71% In April

Inflation: CBN Raises Interest Rate To 27.5%

Nigeria’s Inflation Rate Hits 33.88% In October Following Fuel Price Spike

Nigeria Week Ahead: Inflation, Naira And Oil In Focus

10 Nigerian States With Lowest Cost Of Living In 2024

Analyst Expresses Optimism That Nigeria’s Economy Won’t Witness Forex Instability In 2024

Nigeria’s Inflation Projected To Reach 32.63% Amidst Economic Challenges

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