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Inflation rate in Nigeria

Nigeria's Inflation Drops To 24.48% In January

Finance & Economy·News·Nigeria·Top Stories

Nigeria’s July Inflation Eases to 15.43% as Food Costs Climb

August 18, 2026

Nigeria’s headline inflation rate fell to 15.43 per cent in July 2026 from 15.91 per cent in June, extending the recent moderation in overall price pressures despite a sharp increase in food

Finance & Economy·News·Nigeria

Nation’s Cosmetic Economic Growth Not Lifting Nigerians Out of Poverty – Oye

December 8, 2025

Chairman of the Alliance for Economic Research and Ethics LTD/GTE, Dele Kelvin Oye, has warned that Nigeria’s celebrated economic growth figures mask the worsening hardship facing millions of citizens, describing the situation

Finance & Economy·News·Top Stories

Nigeria Records Economic Gains Despite Persistent FX Pressures

December 4, 2025

Nigeria’s economy has recorded a generally positive trajectory across several macroeconomic indicators between May 2023 and the latest releases by the National Bureau of Statistics (NBS) and the Central Bank of Nigeria

Business News

CPPE Highlights What Must Be Done To Sustain Disinflation In Nigeria

August 18, 2025

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

Business News

CardinalStone Predicts Nigeria’s Inflation To Continue Declining In August

August 17, 2025

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)

Business News·News

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

July 21, 2025

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

Business News

Headline Inflation Rate Drops To 23.71% In April

May 15, 2025

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

CBN Raises Benchmark Interest Rate To 26.75% Amid Soaring Inflation

Business News·Finance & Economy

Inflation: CBN Raises Interest Rate To 27.5%

November 27, 2024

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

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

Business News·Finance & Economy·News

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

November 15, 2024

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

Finance & Economy·Opinion

Nigeria Week Ahead: Inflation, Naira And Oil In Focus

August 12, 2024

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

FEATURES·Finance & Economy

10 Nigerian States With Lowest Cost Of Living In 2024

May 19, 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

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

Business News·News

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

April 22, 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

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

Business News·Finance & Economy·News

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

March 21, 2024

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,

I Never Said I’ll Be Vice President To Anyone – Obi

Business News·News

CBN’s MPR Hike Will Worsen Economic Challenges, Lead To Jobs Losses – Peter Obi

March 1, 2024

Peter Obi, has criticised the decision of the Central Bank of Nigeria's Monetary Policy Committee (MPC) to hike the Monetary Policy Rate (MPR) to 22.75 per cent

How Nigeria’s External Reserves Rose By 5.6% To $38.8bn In 2024 — CBN

Opinion

CBN: Confronting Inflation And Other Challenges

March 1, 2024

In confronting inflation and other economic challenges, Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, recently cleared the air and noted that the present CBN management was not responsible for

Business News·Finance & Economy·News

Why CBN’s 22.75% MPR Hike Can’t Tame Inflation – CCPE

March 1, 2024

The Centre for Promotion of Private Enterprise (CPPE) has advanced reason the latest hike in MPR by CBN won't help in bringing down inflation

Moghalu Highlights How Trump’s Presidency Will Affect African Economies

Business News·News

Economic Crisis: CBN’s 22.75% Benchmark Interest Rate Good For Tackling Inflation – Moghalu

February 28, 2024

Former deputy governor of the Central Bank of Nigeria (CBN), Prof. Kingsley Moghalu, has applauded the CBN for increasing the Monetary Policy Rate (MPR) by 400 basis points to 22.75 per cent

News

Nigerian Lawmakers Urge CBN To Combat Inflation, Emphasize Collaboration With NDIC

February 12, 2024

In a bid to address the pressing issue of inflation, the Senate Committee on Banking, Insurance & other Financial Institutions has urged the Central Bank of Nigeria (CBN) to take decisive action.

Business News·News

Economic Struggles Intensify As Nigerian Workers Grapple With Soaring Inflation, Calls For Urgent Solutions

January 17, 2024

Mr Adewale Oyerinde, Director-General of Nigeria Employers’ Consultative Association, highlighted the severe impact of inflation on the disposable income of the average Nigerian worker.

Business News·Finance & Economy

Fallout Of Fuel Subsidy Removal, Naira Depreciation To Sustain Inflationary Pressure In Near Term -CBN

November 18, 2023

The effect of the fuel subsidy removal and depreciation of the naira which consequently pushed up cost of things may sustain inflationary pressure in the near term, the Central Bank of Nigeria

Entertainment

How Inflation Raised Prices Of Cinema Tickets In Nigeria

November 6, 2023

The Nigerian cinema industry has witnessed an incredible transformation in the past decade, both in terms of quality and, most importantly, price. As of November 2023, a cinematic experience in Nigeria no

40 Hidden Business Opportunities In Nigeria (No Capital Needed)

Business News

Inflation Surges To 27.54% In October, Naira Depreciates, Stock Market Fluctuates Amid Economic Uncertainty

October 23, 2023

Nigeria’s inflation rate is projected to surge by 83 basis points year-on-year to reach 27.54% in October, marking a 1.9% increase when compared to the previous month’s figure of 26.72%. Analysts from

Nigeria's Inflation Rate Increases To 26.72%, AS Food Prices Soars

Business News·Finance & Economy

NBS Releases Latest Data On Food Prices As Nigeria’s Inflation Hits 26.72%

October 16, 2023

The National Bureau of Statistics (NBS) on Monday disclosed that Nigeria’s annual inflation rate rose to 26.72 per cent in September from 25.80 per cent in the previous month, even as the

Business News

Nigeria’s Inflation Rate Now 22.79%, Oil, Fish Drive Food Inflation Up

July 17, 2023

The National Bureau of Statistics (NBS) has released its Consumer Price Index (CPI) for the month of June, which disclosed inflation soared to 22.79 per cent. In the month before, the inflation

Business News·Insights

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