Petrol Price Rises 76% in One Year – NBS The National Bureau of Statistics has revealed that the average pump price of Premium Motor Spirit, also known as petrol, surged by 76.73 per cent year-on-year to N1,239.33 per litre in April 2025. This represents a sharp...

The National Bureau of Statistics (NBS) says Nigeria’s headline inflation rate slightly dropped to 23.71 percent in April 2025 – down from the 24.23 percent in March.

NBS Launches Crowd-sourced Data to Boost Real Time Tracking The National Bureau of Statistics (NBS) has announced the launch of a data centre for prices of food commodities. A statement by NBS Head of Public Relations, Folorunso Alesanmi said the prices are compiled through a groundbreaking...

'Rising Inflation May Halt Interest Rate Reduction'   Members of the Organised Private Sector have expressed fear that the recent uptick in Nigeria’s inflation rate risks shattering initial hopes of a reduced interest rate. According to the National Bureau of Statistics, the country’s headline inflation rose to...

IMF Projects Nigeria's Inflation to Rise 37% in 2026  The International Monetary Fund has projected Nigeria’s headline inflation to rise sharply to 37 per cent in 2026. IMF which issued the forecast in its April 2025 World Economic Outlook report released on Tuesday, said the new...

Nigeria’s headline inflation rate rose to 24.23 percent in March, the National Bureau of Statistics (NBS) has stated.