Inflation

Nigeria’s headline inflation rose to 24.23 per cent in March 2025, up from 23.18 per cent recorded in February, according to the latest data released by the National Bureau of Statistics. The figure represents a 1.05 percentage point…
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Nigeria’s headline inflation has dropped to 24.48 per cent year on year in January 2025. This is a sharp decline from the 34.80 per cent headline inflation recorded in December 2024. This is according to the National Bureau of…
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The Central Bank of Nigeria (CBN) has said that without its policy interventions, inflation could have risen to 42.81 per cent in December 2024. The CBN Governor, Yemi Cardoso, made this known at the 2025 Monetary Policy Forum of the…
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Consumer prices rose at a faster annual pace in December 2024 removing any hopes for a rate cut at the Monetary Policy Committee (MPC), later this month. The consumer price index showed an annual inflation rate of 34.80 percent, the…
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Nigeria’s headline inflation rate rose to 34.60% in November 2024 from 33.88% in October 2024, the National Bureau of Statistics (NBS) said Monday. The November inflation rate showed an increase of 0.72% points compared to the October…
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By Aminu Abubakar As Nigeria battles with inflation, Northern states are even worse by the development. This is even in the face of poverty in the Northern region of the country and an unending developmental crisis that has led to a…
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Nigeria’s inflation rate has decelerated for two consecutive months, from 34.19% in June to 33.40% in July, and now 32.15% in August, the National Bureau of Statistics (NBS) said Monday. According to the Consumer Price Index report…
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The Monetary Policy Committee (MPC) has announced another increase in the country’s Monetary Policy Rate (MPR), known as the baseline interest rate, to 26.75 per cent from 26.25 per cent. The MPC also adjusted the Asymmetric Corridor to…
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Nigeria’s inflation rate figure has reached a new high, hitting 34.19 % for June 2024, according to the latest data from the National Bureau of Statistics (NBS). This is an increase of 0.24% points when compared to the inflation figure…
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The Governor of the Central Bank of Nigeria, Olayemi Cardoso, says the institution policy measures are about to reduce the current inflation rate of 33.69 per cent. This was as he revealed that the country recorded a total foreign…
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