Inflation may Drop to 34.5% in December – Report Nigeria’s headline inflation rate may drop by 25 basis points to 34.5 per cent in December 2024. In a report by Afrinvest Research on Saturday, this moderation is attributed to the high base year impact on the...

Tinubu’s 2025 Budget Proposal Targets N1,500/$ Exchange Rate, 15% Inflation Rate   President Ahmed Bola Tinubu presented the proposed 2025 budget to the joint session of the National Assembly on Tuesday. The Budget is built on key assumptions, including an exchange rate of N1,500 to the...

Although the federal government secured multilateral loans amounting to $3.334bn (N5.178tn) and attracting over $4.3bn investments to boost food production, the cost of essential staple food items have rosen by 60.88 per cent under the leadership of President Bola Tinubu, according to a report by The PUNCH. 

Inflation Increases to 34.60% in November – NBS Nigeria’s headline inflation increased to 34.60 percent in November, the National Bureau of Statistics (NBS), has stated. A report by the bureau said the headline inflation rate showed an increase of 0.72% points, compared to the 33.88 percent...

Inflation Rate Rises to 33.88% in October Nigeria’s headline inflation rate increased to 33.88% in October 2024, up from 32.7% in September 2024, reflecting a 1.18 percentage point month-on-month increase. This was contained in the National Bureau of Statistics (NBS) Consumer Price Index (CPI) report released...

Inflation Will Remain Substantially Higher in Nigeria, Other Oil Exporting Countries in 2025 - IMF   The International Monetary Fund (IMF) has projected that with further policy adjustments expected, median inflation will decline slightly in Nigeria, Angola and Ghana, but noted that headline inflation will remain...