Nigeria’s inflation rate has dropped by half since 2023 — Information Minister, Idris
Nigeria’s Minister of Information, Lai Mohammed Idris, has revealed that the country’s inflation rate has dropped by half since 2023. He attributed the improvement to government policies aimed at stabilizing prices and supporting local production. The minister noted that while challenges remain, efforts to boost agricultural output, regulate essential commodities, and strengthen fiscal measures have […]
Nigeria’s inflation eases to 15.10%
Nigeria’s inflation rate eased to 15.10 percent in January 2026, down slightly from 15.15 percent recorded in December 2025, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics. This reflects a small but notable decrease in the rate at which prices are rising across the country. The report […]
Nigeria to release October inflation rate Monday as analysts predict further moderation
The Nigerian government is set to release the country’s October inflation rate on Monday. Economists and financial analysts anticipate a further slowdown in the inflation rate, following recent trends of moderation in consumer prices. Experts note that easing inflation could be a positive signal for households and businesses, potentially reducing the cost of living and […]
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 […]
Food prices remain high despite fourth inflation decline – CPPE
The Centre for the Promotion of Private Enterprise (CPPE) has expressed concern that food prices in Nigeria remain high even though inflation has dropped again. Figures from the National Bureau of Statistics show that headline inflation fell to 21.88 percent in July 2025, compared to 22.22 percent in June. This is the fourth straight decline, […]
More Hardship As Nigeria’s Inflation Rate Climbs to 34.60 Percent In November
The economic challenges in Nigeria have worsened, with the inflation rate hitting 34.60 percent in November 2024. This marks an increase from the 33.88 percent recorded in October, further stretching the finances of ordinary Nigerians. Details from the National Bureau of StatisticsThe National Bureau of Statistics (NBS) released a new report showing that inflation rose […]
Paulo, Tiwa Savage Express Concerns Over Economic Struggles as Tacha Plans Move to the UK
Nigerian celebrities are raising their voices about the tough economic situation in the country. Recently, singer Davido made headlines after speaking about Nigeria’s ongoing struggles, pointing out issues like poor leadership, high exchange rates, and rising fuel prices. His comments, made during an appearance on the ‘Big Homies House’ podcast, sparked criticism from some political […]
Nigeria’s Inflation Surges to 32.70% in September 2024 Amid Fuel Price Hike
Nigeria’s inflation rate jumped to 32.70% in September 2024, a sharp rise from 32.15% recorded in August. This increase, reported by the National Bureau of Statistics (NBS) in its Consumer Price Index and Inflation report for September, has largely been driven by a series of fuel price hikes across the country. One of the key […]