Nigeria’s inflation rate drops for seventh consecutive time in October
Nigeria recorded another decline in its inflation rate in October, marking the seventh consecutive month of easing price pressures. According to analysts, this continued moderation is a sign that recent monetary policies and supply-side adjustments may be gradually stabilising the economy. Although prices remain high for many households, the steady decline offers some relief and […]
Economists explain why rice price drop sparks mixed reactions among Nigerians, traders
Economists and financial analysts have attributed the recent drop in rice prices to conflicting interests between consumers and traders. While Nigerians are celebrating the affordability of rice, traders lament the decline in profit margins, which they say negatively affects their businesses. This was highlighted by Muda Yusuf, CEO of the Centre for the Promotion of […]