In-country Food Production Will Strengthen Exchange Rate, Tame Inflation - Edun   The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, yesterday argued that with adequate in-country food production, the current high inflation rate will be curbed considerably. Edun made the comment as the...

NBS Reveals Nigerians Paid 64.58% More For Diesel in August   The average retail price of Automotive Gas Oil, popularly called diesel, in Nigeria surged by 64.58 per cent year-on-year, reaching N1,406.05/litre in August 2024 compared to the N854.32/litre recorded in the same month last year. This...

The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA), has refuted claims made by the National Bureau of Statistics (NBS) which reported a consecutive monthly drop in the rate of inflation in Nigeria.

Nigeria’s Inflation Declines by 1.23% in August – NBS The National Bureau of Statistics (NBS), says Nigeria’s headline inflation rate further declined to 32.15 per cent in August 2024. The NBS said this in its Consumer Price Index (CPI) and Inflation Report for August 2024, which...

Agusto & Co, a prominent credit rating agency, cautions that despite a recent slight moderation in Nigeria's inflation, the threat of sustained inflation remains due to several impending fiscal measures.  

Inflation Rate Drops to 33.4% In July – NBS A newly published report by the National Bureau of Statistics (NBS) has indicated a decline in Nigeria’s headline inflation rate to 33.40 per cent in July 2024 from 34.19 per cent in June 2024. The development marks...