Headline Inflation Surges to 33.95% in May Again, Nigeria’s inflation rate increased to 33.95 per cent in May 2024 according to the latest data from the National Bureau of Statistics. This represents a month-over-month increase of 0.26 per cent points in the headline inflation rate from...

Food Inflation Soars by 61% in One Year – NBS Nigerians are finding it more difficult to feed themselves, as food inflation rose to 40.66 per cent in May. This was as the cost of food rose by 61 per cent from 25.25 per cent in...

W'Bank to CBN: Interest Rate Hike may not Lower Inflation The World Bank has stated that monetary policy tightening by the Central Bank of Nigeria (CBN) may not rein in inflation and remains a risk to Nigeria’s growth outlook. The international lender disclosed this in its...

Nigeria Inflation Rate to Stabilize at 14% by 2029 – IMF According to the International Monetary Fund's latest data, Nigeria's inflation rate is expected to stabilize at 14% in 2029, marking a potential end to the current upward trend. This projection brings relief amidst concerns over...

FG Reportedly Considers Suspending Import Levies on Food to Curb Inflation The federal government is considering suspending import duties on staple food, drugs, and other essential items for six months to slow inflation in the country. According to a Bloomberg report, the government may also waive...

Despite Inflation, Nigeria’s Economy Growing Significantly – Wale Edun The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has declared that Nigeria’s economy is experiencing appreciable growth that may see the high inflation rate in the country come down drastically in a...