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...

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...