The cost of sales for 12 manufacturing companies in Nigeria, in the first half of 2025, grew from the N2.18tn recorded in the corresponding period of 2024 to N2.6tn this year, representing an increase of 19.68 per cent.
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has expressed concern over the inflationary implications of rising liquidity levels in the banking system.
Nigeria’s inflation rate eased to 22.22% in June 2025, down from 22.97% recorded in May, according to the latest Consumer Price Index (CPI) report by the National Bureau of Statistics (NBS).
The National Bureau of Statistics (NBS) says Nigeria’s headline inflation rate slightly dropped to 23.71 percent in April 2025 – down from the 24.23 percent in March.
