Imported Inflation Threatens Nigeria’s Price Stability Amid Rising Costs
A member of the Central Bank of Nigeria’s Monetary Policy Committee (MPC), Muhammad Abdullahi, has warned that imported inflation is ...
Tag: Inflation
Nigeria’s Food Prices Soar by 91.6%, South-East Hit Hardest
The average price of food in Nigeria rose from N2,862.14 in November 2024 to N2,920.13 in December 2024, according to ...
Rising Debt and Limited Financing Threaten Nigeria’s Economic Recovery in 2025 – LCCI
President of the Lagos Chamber of Commerce and Industry (LCCI), Gabriel Idahosa, has warned that Nigeria’s economic recovery in 2025 ...
Naira Crash and Inflation Deepen Nigeria’s Food Crisis
Nigeria’s worsening food crisis is fueled by naira devaluation, rising insecurity, and surging inflation, according to Afreximbank’s report, Food Imports ...
Local Rice Prices in Nigeria Soar by 137% Amid Rising Food Inflation
The cost of local rice in Nigeria surged by 137.32% in October 2024 compared to the same period in 2023, ...
JUST IN: Nigeria’s inflation rate rises to 33.88% in October 2024
Nigeria’s inflation rate rose to 33.88 per cent in October from the 32.70 per cent recorded in September largely due ...
Nigeria Faces Rising Inflation and Oil Output Decline as Key Reports Loom
As global inflation begins to cool in most major economies, Nigeria's inflation continues to remain high. Both Nigeria and the ...
Rising Poverty in Nigeria as Stagnant Incomes Pushes 14 Million More Nigerians into Hardship
A new World Bank report reveals a bleak economic reality for Nigeria, with 14 million more Nigerians pushed into poverty ...
Nigeria’s inflation rate rises to 32.70%
The National Bureau of Statistics (NBS) Consumer Price Index (CPI) report has shown that Nigeria’s headline inflation rate in September ...
CBN’s Yemi Cardoso: Painful Interest Rate Hike Key to Curbing Inflation
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, acknowledged the challenges posed by the recent increase in ...
