inflation

KEY POINTS Nigeria’s inflation dropped to 22.22% in June 2025, down significantly from 34.19% in June 2024. Despite the yearly drop, monthly food and core inflation rates continue to rise, …

IMF lowers Nigeria’s 2025 growth forecast to 3.0% due to declining oil prices and external challenges

According to the November PMI report, Nigeria’s private sector continues to downslide, as inflation, high prices and unemployment continue to impact output.

CBN raises interest rate to 27.25 percentage, and raises the CRR for all money deposit banks to 50 percentage

President Tinubu asserts that Nigeria’s economy is on a recovery path, with growth in agriculture, manufacturing, and services. The government is focused on reforms to ensure stability and growth.

The Nigerian naira plummets to a record low of N1507.83 to the dollar, highlighting economic challenges and sparking concerns over inflation and cost of living.

The price of goods has undergone a staggering transformation since 1975, painting a vivid picture of the relentless march of inflation. Back then, one could acquire a car for a …

Nigeria’s labor unions have issued a stark warning to the federal government, saying they will demand a staggering N1 million minimum wage per month if the nation’s economic woes persist. …

Nigeria’s central bank is expected to raise the rates of its Open Market Operations (OMO) bills this year, as part of its strategy to combat the high inflation rate that …

Nigeria’s President Bola Tinubu has signed the 2024 budget into law, amid rising inflation and public discontent. The budget, which was increased by N1.2tn by the National Assembly, allocates N344.85bn …