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Nigeria inflation rate

Nigeria’s Inflation Records Fourth-straight Drop To 21.88% Amid Food Price Surge

Nigeria’s headline inflation rate has dropped for the fourth consecutive time this year. The latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS) shows that the rate eased to 21.88 per cent in July 2025 from 22.22

August 15, 2025

Business

Inflation: Expert Highlights What Nigerian Authorities Must Do To Further Bring Down Costs

Despite Nigeria’s headline inflation dropping for the third consecutive month, an economic expert has stated that more efforts are needed by the authorities to bring down the general cost of things and ease the burden on citizens. Dr. Muda Yusuf, Chief Executive

July 19, 2025

Business·Finance & Economy·News

Nigeria’s Inflation Rate Further Drops To 32.15%

Nigeria’s headline inflation rate has further dropped to 32.15 per cent in August 2024 against 33.40 per cent in July 2024. This reflects a decrease of 1.25 per cent point, according to the latest National Bureau of Statistics (NBS) Consumer Price Index

September 16, 2024

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

Finance & Economy

Report Predicts Nigeria’s Headline Inflation To Hit 32% In March As Petrol Subsidy Removal Impact Lingers

A report by a Lagos-based firm, Financial Derivative Company (FDC), has projected that Nigeria’s inflation rate is expected to hit 32.4 per cent in March 2024, becoming the highest in almost three decades.

April 10, 2024

FEATURES·Finance & Economy

Nigeria: Why Inflation Keeps Rising

Surging inflation in Nigeria has, in the views of economic experts, plunged the West African country into the worst economic crisis in years,

March 18, 2024

Nigeria’s Inflation Hits 33.69% In April As Costs Of Food, Others Continue To Rise

Business·Finance & Economy

Nigeria’s Inflation Hits 31.70% As Food Costs Bite Harder

Nigeria's headline inflation rate hit a record high of 31.70 per cent in February 2024. This is an increase of 1.80 per cent from 29.90 per cent recorded in January 2024

March 17, 2024

Business

Nigeria’s Inflation Hits 29.90% As Experts Blame Weaker Naira, High Fuel Prices, Others

Economists are pointing to a combination of factors, including a weaker naira and high fuel prices, as the driving forces behind Nigeria’s soaring inflation rate, which has now reached 29.90% as of January 2024. The latest figures from the National Bureau of

February 16, 2024

Business·Finance & Economy

Companies Increase Staff Salaries By 18.35% Amid Soaring Inflation

Nigerian companies have moved to cushion the effect of the soaring inflation by increasing staff salaries by 18.35%. The move revealed through data from the National Bureau of Statistics (NBS) ‘Nigerian Gross Domestic Product Report,’ signals an increase from N24.88 trillion in

November 27, 2023

Finance & Economy·News

Why Nigeria Struggles To Stop Inflation – Dev. Bank of Nigeria Executive

Nigeria is struggling to cope with the effects of economic downturn necessitated by inflation because there is lack of a monitoring system and adequate security measures to stem the problem

November 15, 2023

Cement Prices: House Of Reps Members’ Comments ‘Very Unfair’ To Investors - CPPE

News

CPPE CEO Calls For Nigerian Govt’s Intervention As Inflation Hits 26.7% In September

Economic exerts have reacted to the upward spiral of the Nigerian inflation rate, calling for critical government intervention measures to save the situation. In a report released on Monday, by the National Bereau of Statistics (NBS) on the inflation data for September

October 16, 2023

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Nigeria inflation rate

Nigeria’s Inflation Records Fourth-straight Drop To 21.88% Amid Food Price Surge

Inflation: Expert Highlights What Nigerian Authorities Must Do To Further Bring Down Costs

Nigeria’s Inflation Rate Further Drops To 32.15%

Report Predicts Nigeria’s Headline Inflation To Hit 32% In March As Petrol Subsidy Removal Impact Lingers

Nigeria: Why Inflation Keeps Rising

Nigeria’s Inflation Hits 31.70% As Food Costs Bite Harder

Nigeria’s Inflation Hits 29.90% As Experts Blame Weaker Naira, High Fuel Prices, Others

Companies Increase Staff Salaries By 18.35% Amid Soaring Inflation

Why Nigeria Struggles To Stop Inflation – Dev. Bank of Nigeria Executive

CPPE CEO Calls For Nigerian Govt’s Intervention As Inflation Hits 26.7% In September

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