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...

Inflation Pushes 129 million Nigerians into Poverty – World Bank Report The World Bank has released the Nigeria Development Update report, stating that over 129 million Nigerians are currently trapped in poverty. It released the report on Thursday in Abuja as headline inflation rises, forcing millions...

Interest Rate Hikes Alone Won't Tackle Inflation – LCCI The Lagos Chamber of Commerce and Industry (LCCI) says rate hikes alone will not curb inflation without first resolving the challenges in the real sector. President, LCCI, Mr. Gabriel Idahosa, made this known at its quarterly State...

Nigeria’s Inflation Rate Rises to 32.7%  The National Bureau of Statistics (NBS) says the consumer price index (CPI), which measures the rate of change in prices of goods and services, rose to 32.7 percent in September. This is the first increase in three months after the...