Nigeria’s economy grew at the fastest rate in a decade last year, the World Bank said Monday, thanks to the reforms introduced by the government, but it warned inflation remains high.
Nigeria’s broad money supply (M3) jumped 24 percent to an all-time high of N114.2 trillion in March 2025, defying the Central Bank of Nigeria (CBN)’s ongoing monetary tightening efforts aimed at reining in inflation.
The cost of doing business in Nigeria has never been more daunting. Like an unrelenting tide, inflation surges forward, sweeping away profit margins and leaving a trail of struggling enterprises in its wake.
The National Bureau of Statistics (NBS), in its latest report released on Monday, said the country’s headline inflation rate dropped to 23.18 per cent.
