Inflation

Business

IMF Projects Nigeria’s Inflation to Average 37% in 2026

IMF forecasts Nigeria’s inflation to average 26.5% in 2025 following CPI rebasing, with renewed pressure expected in 2026 may spike to 37.0%.

23 April 2025

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

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