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.

Nigerians imported fewer passenger motor cars in 2024 as rising inflation and the continued naira depreciation.

Nigeria's Economic Woes Drive Foreign Investors to Dump N455bn Worth of Stocks   Foreign investors withdrew N455.62bn from the Nigerian stock market in 2024, significantly outpacing total inflows and reinforcing concerns about investor confidence despite the Central Bank of Nigeria’s efforts to stabilise the naira. Industry experts...

Selling price inflation in the private sector in Nigeria slowed to a seven-month low in February, according to the latest Stanbic IBTC Bank.

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.