Nigeria’s inflation eases to 14.45% despite rising food prices
Nigeria’s inflation rate has eased to 14.45 percent, offering a small relief to households and businesses struggling with high living costs. The latest figure shows a slowdown in overall price increases compared to previous months, even though food prices continue to rise across many parts of the country. Experts say the decline suggests that price […]
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 […]
Naira records highest depreciation against US dollar
The Nigerian Naira continued its downward slide on Wednesday, marking its sharpest depreciation of the week against the United States dollar. According to official figures from the Central Bank of Nigeria (CBN), the Naira fell to ₦1,473.29 per dollar, compared to ₦1,463.23 on Tuesday — a daily loss of ₦10.06. This decline represents the largest […]
Tinubu’s policies caused less pain compared to Argentina – Presidential aide replies Obi
Presidential aide O’tega Ogra, who serves as Senior Special Assistant on Digital Communications, Engagement and Strategy to President Bola Tinubu, has criticised Labour Party’s 2023 presidential candidate, Peter Obi, over his recent praise for Argentina’s economic reforms. On August 11, Obi stated that the hunger and poverty in Nigeria were caused by leaders who lacked […]
Hardship: Nigeria’s inflation drops signal economic recovery – CPPE, Economists
Nigeria’s inflation rate has dropped for the second time in a row, leading some economists to believe the country’s economy is starting to recover. According to the National Bureau of Statistics (NBS), inflation fell to 23.18% in February 2025, down from 24.48% in January. Food inflation also declined from 26.08% to 23.51%. Despite this positive […]