Inflation to Reduce in Coming Months – Cardoso The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has expressed optimism that with the measures in place, core and headline inflation will come down in the coming months. He also disclosed a new strategy...

Cardoso Urges Fiscal Authorities to Address 'New Sources' of Inflation The Governor of the Central Bank of Nigeria (CBN) Olayemi Cardoso, has called on the fiscal authorities to address new sources of inflation to complement the efforts of monetary policy in achieving price stability. In his...

Rising Cost of Food: A Clash of Perspectives, by Sulaiman Auwal Marshall   Introduction: Nigeria, a country blessed with abundant agricultural resources, faces the persistent challenge of high food prices. This issue has led to a clash of perspectives between Nigerian business owners and consumers, who hold...

The International Monetary Fund (IMF) has recently revised its economic growth forecast for Nigeria, increasing it from 3.0% to 3.3% for 2024.

Pressure on Households as Food Inflation Rises to 40% Nigeria’s food inflation has continued on a steady rise, reaching 40.01 percent in March 2024 on a year-on-year basis, this is 15.56 percent higher compared to the rate recorded in March 2023 (24.45 percent) and 37.90...

Inflation Hits 33.20% in March - NBS The National Bureau of Statistics (NBS) Monday, April 15, said the inflation rate increased from 31.70% in February 2024 to 33.20% in March 2024. According to the Bureau in its Consumer Price Index (CPI) and Inflation Report March 2024,...