The effects of inflation became manifestly apparent over the past two years, when it soared to a dizzying 34.8%. Whilst this figure falls short of the astronomical 72.84% recorded in 1995.

Why we Projected Moderation in Inflation, Maintained Key Rates - CBN   The Central Bank of Nigeria (CBN) has expressed optimism about a gradual drop in inflation rates, citing recent macroeconomic developments that are expected to positively impact price dynamics in the near to medium term. CBN...

Nigeria’s headline inflation has dropped to 24.48 per cent year on year in January 2025. This is a sharp decline from the 34.80 per cent.

Petrol Export Holds Key to Reducing Inflation, Says LCCI   The Lagos Chamber of Commerce and Industry (LCCI) has advised the Federal Government to increase domestic crude oil refining and petrol export. This strategy is expected to help the government achieve its goal of reducing inflation...

CBN's Policies Saved Nigeria from 42.81% Inflation - Cardoso   The Governor of the Central Bank of Nigeria (CBN) Olayemi Cardoso, revealed that the bank's strategic policy interventions prevented inflation from skyrocketing to 42.81% by December 2024. He also projected that diaspora remittances would rise to N31.79tn...

LCCI Forecasts Decrease in Interest Rates for 2025   The Lagos Chamber of Commerce and Industry (LCCI) has forecast a decline in interest rates for 2025, citing a slowdown in inflation as a key factor. This positive outlook suggests that borrowing costs may decrease, potentially boosting...