…Encouraging, but risks still loom — Experts By Seun Ibiyemi The National Bureau of Statistics (NBS) has announced that Nigeria’s headline inflation rate dropped slightly to 23.71 per cent in April 2025. This information was contained in the bureau’s Consumer…
By Mathew Dennis The World Bank has forecast that Nigeria’s inflation rate could fall to an average of just over 22 percent in 2025, provided the Central Bank of Nigeria (CBN) sustains its current policy of monetary tightening. This outlook…
By Olawale Afolabi The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, says the Federal Government plans to reduce inflation rate to single digit and create more jobs. Edun stated this during a press conference addressed…
The International Monetary Fund (IMF) has called on Nigerian authorities to maintain a tight monetary policy in order to bring inflation under control and strengthen the country’s economic resilience. Axel Schimmelpfennig, the IMF’s mission chief for Nigeria, made the recommendation…
…Naira dips as foreign investors pull out …Cost of living rises again as price pressures return …Economists warn of looming CBN monetary policy respons By Seun Ibiyemi and Matthew Denis The cost of living in Nigeria continues its upward trajectory,…
…Food inflation drops to 23.51% as price pressures ease …February inflation slows, but high prices persist — CPPE …Debt service drops to $276m in February 2025 — CBN By Seun Ibiyemi Nigeria’s inflation rate has recorded a second consecutive monthly…
The National Bureau of Statistics (NBS), says Nigeria’s headline inflation rate eased to 23.18 per cent in February 2025. The NBS disclosed this in its Consumer Price Index (CPI) and Inflation Report for February 2025, which was released in Abuja…
By Seun Ibiyemi The Centre for the Promotion of Private Enterprise (CPPE) has commented on the sharp decline in Nigeria’s inflation rate, cautioning that while the figures show a significant drop, the cost of living remains a major concern. According…
The Nigerian government’s proposed increase in the 2025 budget, from N49.7 trillion to N54.2 trillion, is a double-edged sword. While an increase in the budget size might be crucial for addressing pressing national issues, it comes with a significant risk…
The World Bank Group says the Central Bank of Nigeria (CBN) must sustain efforts to tackle inflation. Sameer Matta, senior economist for Nigeria at World Bank Group, spoke at the recent launch of the 2025 macroeconomic outlook of the Nigerian…
