Inflation

Nigeria’s headline inflation rate dropped to 22.22% in June 2025, down from 22.97% recorded in May, according to the latest report by the National Bureau of Statistics (NBS). This marks the third consecutive monthly drop in inflation and reflects a 0.76% decline month-on-month. However, the Consumer Price Index (CPI) rose...

Nigeria’s headline inflation rate eased to 22.97% in May, down from 23.71% in April, the National Bureau of Statistics (NBS) reports. That marks a drop of nearly 11 points compared to May 2024, when inflation was 33.95%—though annual comparisons...

Nigeria’s inflation rate fell to 23.71% in April 2025, down from 24.23% in March, the National Bureau of Statistics (NBS) reports. Food inflation also eased to 21.26% year-on-year, compared to 40.53% last year. Monthly price rises slowed, helped by lower...

Nigeria’s inflation rose to 24.23% in March, up from 23.18% in February, according to the National Bureau of Statistics. This marks the first increase since the bureau updated its inflation calculation method. Food and drinks contributed the most, alongside rising...

Nigeria’s inflation rate declined to 23.18% in February 2025, down from 24.48% in January, according to the National Bureau of Statistics (NBS). The drop follows the rebasing of the Consumer Price Index (CPI), which now uses 2024 as the base...

A new report by the Mastercard Economics Institute projects Nigeria’s consumer spending to rise by 6% in 2025, despite inflation reaching 22.1%. The country’s GDP is expected to grow by 2.9%, slightly below the global average of 3.2%. The report...

Nigeria’s inflation rate is expected to fall to 24.48%, while core inflation may drop to 22.59% and food inflation to 26.8%, following the rebasing of the Consumer Price Index (CPI) by the National Bureau of Statistics (NBS). A source told Daily Trust that the updated CPI, which replaces the 2009 reference period, will be released today....

The federal government is working to lower food prices by boosting agricultural production, Minister of Information and National Orientation Mohammed Idris has said. Speaking in Abuja on Tuesday, he explained that instead of imposing price controls, the government aims to...

Nigeria's public debt reached N142.3 trillion by September 30, 2024, marking a 5.97% rise (N8.02 trillion) from June’s N134.3 trillion. According to the Debt Management Office (DMO), this increase was driven by both domestic borrowing and the naira’s depreciation,...

Economic expert and Nairametrics CEO, Ugodre Obi-Chukwu, has warned that the return of former U.S. President Donald Trump to power could strengthen the dollar, weakening the Nigerian naira and other African currencies. In his report "Nigeria’s Macroeconomic Outlook 2025," Obi-Chukwu explained that...