Set up National Framework to stabilise food prices — CPPE tells Nigerian Govt
The Centre for the Promotion of Private Enterprise (CPPE) has advised the Federal Government to urgently establish a National Farm Price Stabilisation and Farmer Income Protection Framework to tackle rising food prices and strengthen food security in Nigeria. The group says unstable prices, weak market systems, and policy uncertainty are hurting farmers and discouraging long-term […]
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 […]
Nigeria’s inflation rate drops for 6th consecutive time
Nigeria’s economy recorded another positive sign as the nation’s inflation rate fell for the sixth consecutive month, according to the latest data released by the National Bureau of Statistics (NBS). This marks a steady decline that economic analysts believe could signal gradual recovery and market stability after months of rising prices. The report showed that […]
Fifth inflation drop sparks call on CBN to cut interest rate
Nigeria’s inflation has dropped for the fifth month in a row, and this has led to stronger calls for the Central Bank of Nigeria (CBN) to lower interest rates. According to new figures, the inflation rate reduced to 21.12% in August 2025, a fall from 21.88% in July 2025, the National Bureau of Statistics (NBS) […]
Nigerians, business owners in squeeze amid fourth inflation decline
Nigeria’s inflation rate has dropped for the fourth month in a row, but the reality for citizens and business owners has not improved. Daily life remains tough as food, fuel, and transport prices continue to rise despite the official numbers showing progress. According to INFOLAND, inflation eased to 21.88 percent in July from 22.22 percent […]
Hunger and Poverty fuelling Insecurity in Nigeria – NSA, CDS
Nigeria’s National Security Adviser (NSA), Nuhu Ribadu, has warned that hunger and poverty are making the country more dangerous. He spoke during a National Security Seminar held in Abuja on Monday, June 23. Ribadu, who was represented by Major General Peter Mala from the Office of the NSA, explained that these issues are not just […]
Nigeria’s inflation drops massively to 24.48% after CPI rebase
Nigeria’s inflation rate has dropped significantly to 24.48% in January 2024, down from 34.80% in December 2024. This sharp decline follows the rebased Consumer Price Index (CPI) introduced by the National Bureau of Statistics (NBS). The rebased CPI now uses 2024 as the base year and 2023 as the weight reference period, leading to a […]
Tinubu govt’s intervention: 180 days after, food prices yet to crash
In July 2024, the Nigerian government announced bold measures to address rising food prices. The plan included a 150-day duty-free import window for essential food items like maize, rice, wheat, and cowpeas. These measures aimed to reduce food inflation within 180 days. However, six months later, food prices remain stubbornly high, leaving Nigerians frustrated. Experts […]
Your talk without action pushing Nigerians deeper into poverty – CUPP slams Tinubu
The Conference of United Political Parties (CUPP) has accused President Bola Tinubu of making promises without taking action, pushing more Nigerians into deeper poverty. Speaking after Tinubu’s New Year address, CUPP National Secretary Peter Ameh pointed out how poorly executed government policies have harmed citizens. Ameh described 2024 as a difficult year, blaming impulsive decisions […]
Abuja, 19 States Face Over 40% Food Inflation Rate As Christmas Nears
As Christmas draws near, Nigerians are feeling the pressure of rising food prices. A recent report from the National Bureau of Statistics (NBS) revealed that in November 2024, Abuja and 19 other states recorded food inflation rates above 40%. This sharp rise in food prices is adding to the financial strain on many families across […]