Inflation

Nigeria’s inflation rate jumped to 33.20% in March 2024 compared to February 2024 headline inflation rate which was 31.70%. This was according to the National Bureau of Statistics (NBS)’s Consumer Price Index (CPI) report released on…

Nigeria’s inflation rate rose to 31.70 per cent in February from 29.90 per cent recorded in January 2024. This figure indicates an increase of 1.80 per cent, the National Bureau of Statistics said in its latest CPI and inflation…

The Federal Government of Nigeria is taking steps to address the economic challenges facing the country, vowing to "bring down inflation, stabilize the foreign exchange rates and create an enabling environment for business and…

The country’s inflation rate is now at 28.9 %, according to figures from the National Bureau of Statistics (NBS). This was disclosed in the NBS December 2023 Consumer Price Index (CPI) which was released on Monday afternoon. The…

The National Bureau of Statistics (NBS) said on Saturday that rising food prices was triggered by Nigeria's annual inflation rate to increase for the third consecutive month, to 22.04 percent in March from 21.91 percent the month…

Members of the House of Representatives have asked the Central Bank of Nigeria to reinforce the use of coins in the country, to tackle inflation and also stabilise the economy. The lawmakers want the “use of coins as a legal tender and…