Nigeria’s headline inflation rate fell to 20.12 per cent in August, the National Bureau of Statistics (NBS) has reported. The figure, released on Monday in Abuja in the bureau’s Consumer Price Index (CPI) and Inflation Report for August 2025, marked a decline of 1.76 percentage points from 21.88 per cent recorded in July. On a […]
The Central Bank of Nigeria (CBN) has left all key monetary policy parameters unchanged, citing the need to consolidate recent gains in reducing inflation. Following a two-day meeting, the Monetary Policy Committee (MPC) retained the Monetary Policy Rate (MPR) at 27.5 per cent, with the asymmetric corridor at +500/-100 basis points. The Cash Reserve Ratio […]
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria has retained the Monetary Policy Rate (MPR) at 27.5 per cent, keeping all other key policy parameters unchanged. The decision was announced by CBN Governor Olayemi Cardoso following the committee’s meeting held on 19 and 20 May. The MPC also maintained the asymmetric corridor […]
The World Bank has urged the Federal Government to prioritise reforms that protect the country’s poorest citizens from rising inflation and to enhance the livelihoods of all Nigerians through increased access to productive employment. This recommendation was contained in the Bank’s Poverty and Equity Brief for Nigeria, published in April 2025 and obtained on Monday. […]
Nigeria’s headline inflation rate fell to 24.48% year-on-year in January 2025, marking a sharp decline from the 34.80% recorded in December 2024. The National Bureau of Statistics (NBS) disclosed this in its latest report, with the Statistician-General of the Federation, Adeyemi Adeniran, making the announcement on Tuesday. Speaking at a press briefing in Abuja, Adeniran […]
The Manufacturers Association of Nigeria (MAN) has reported a staggering accumulation of unsold goods totalling ₦1.4 trillion across industries in 2024. The association’s President, Francis Meshioye, attributed the development to rising inflation and declining consumer purchasing power. Speaking at the 2025 Media Personality of the Year Award and Presidential Luncheon in Lagos, Meshioye detailed the […]
Nigeria’s inflation rate has surged to 32.7% in September, following a brief two-month decline, according to data released yesterday by the National Bureau of Statistics (NBS). The Consumer Price Index (CPI), which tracks the rate of change in the prices of goods and services, rose from 32.15% in August. The year-on-year increase is even more […]
My fellow citizens, I want to talk to you about our economy. It is important that you understand the reasons for the policy measures I have taken to combat the serious economic challenges this nation has long faced. I am not going to talk in difficult terms by dwelling on economic jargon and concepts. I […]
