'Nigeria’s Inflation Rate to Hit 30% by December 2023'   Stears, a leading economic analysis and data-driven insights provider, on Tuesday announced its market-leading Pan-African inflation forecasts, projecting Nigeria’s annual inflation rate to climb steadily until year-end, closing the year at around 30 per cent, a...

Nigeria's Inflation Rate Rises to 26.72%   Nigeria’s inflation rate has climbed to 26.72 per cent, marking a 0.92 per cent increase from the previous month’s 25.80 per cent. The National Bureau of Statistics (NBS) disclosed this on Monday via its latest Consumer Price Index report for...

IMF Says Inflation Will Slow Nigeria’s Economic Growth to 2.9%   Inflation will slow Nigeria’s economic growth to 2.9 per cent in 2023, the International Monetary Fund (IMF) has predicted. It also downgraded the country’s economic growth prospect by 0.3 percentage points to 2.9 per cent for...

Manufacturers Incur Heavy Losses As Inflation, Forex Crisis Get Worse   In apparent reflection of the depreciation in the value of the Naira coupled with the sustained inflationary pressure, the cost of raw material input for consumer goods companies rose by 18.5 percent in the first...

Nigeria’s Inflation Hits 25.80% As Food Prices Rise – NBS According to the Consumer Price Index (CPI) released by the National Bureau of Statistics (NBS), Nigeria’s inflation has jumped to 25.80% for August 2023. The latest figure is 1.72% points higher than the 24.08% reported in...

In Six Months, Product Taxes Rise To N1.36trn – NBS   Taxes on products in the country rose to N1.36tn in the first six months of 2023 despite worsening hardship across the board. This is a 113.29 per cent increase from the N636.19bn it was in the...