Business
Nigeria’s Inflation Rises Unexpectedly to 24.2% in March 2025
Nigeria’s annual inflation surged to 24.2% in March, up from 23.2%, driven by a weakening naira and falling oil prices amid global trade tensions.
15 April 2025
Tag: Inflation
Business
Cost of Living Eases as Food Prices Drop, Experts Warn of Short-Term Relief
Nigeria sees a decline in food prices, easing financial strain on households, but farmers warn the relief may be temporary due to rising production costs.
26 February 2025
Business
CBN Targets Single-Digit Inflation as MPC Maintains Interest Rate at 27.5%
CBN inflation control strategy aims to bring inflation rate down to a single-digit level as CBN Governor reaffirmed the MPC meeting decision
21 February 2025
Breaking News
Nigeria’s Inflation Rate Drops to 24.48% in January 2025
Nigeria’s inflation rate drops to 24.48% in January 2025, down from 34.80% in December 2024, following the rebasing of the Consumer Price Index (CPI)
19 February 2025
Business
World Bank Warns of Worsening Global Food Insecurity, Calls for Urgent Interventions
The World Bank highlights worsening global food insecurity, with over 280 million people facing acute hunger daily.
15 February 2025
Business
IMF and World Bank Urge CBN to Sustain Inflation Control Efforts
The IMF and World Bank have emphasized the importance of the CBN efforts to control inflation as Nigeria’s inflation rose to 34.8%
27 January 2025
Breaking News
Nigeria’s Inflation Hits 34.80% in December 2024 Amid Festive Season Demands
Nigeria’s inflation rate climbed to 34.80% in December 2024, up from 34.60% in November, driven by increased festive season demand
15 January 2025
Breaking News
Nigeria’s Inflation Rate Projected to Fall to 27.1% by December 2025
Nigeria’s inflation rate is forecast to decline to 27.1% by December 2025, signaling positive impacts of reforms. Economic growth is projected at 3.5%
10 January 2025
Business
Analysts Forecast 50 Basis-Point Rate Hike Amid Surging Inflation
Nigeria’s MPC begins its final 2024 meeting with analysts predicting a 25-50 bps hike in the Monetary Policy Rate to tackle rising inflation
25 November 2024
Business
Survey Reveals Nigerians’ Frustrations with High Interest Rates
CBN Inflation Expectations Survey reveals that 71.5% of Nigerians are calling for lower interest rates amid economic hardship
15 October 2024
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