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Nigeria’s Inflation Hits 33.88% In October

The inflation rate in Nigeria climbed for the second consecutive month in October, reaching 33.88% compared to 32.70% in September 2024, according to data...

Nigeria’s Inflation Rate Decreases for First Time in Almost Two Years

Nigeria's inflation has slowed for the first time in 19 months, offering a glimmer of hope to citizens struggling with the country's worst cost...

Despite Rising Price of Items, NBS Says Inflation Rate Drops to 33.40%

The National Bureau of Statistics (NBS) has reported a decline in Nigeria’s headline inflation rate to 33.40 percent in July 2024 from 34.19 percent...

Nigeria’s Inflation Hits 34.19% in June 2024 – NBS

Headline inflation in Nigeria reached a new peak of 34.19% in June 2024, up from 33.95% in May 2024, marking a 0.24 percentage point...

Tomato Crisis: ‘Tomato Ebola’ Infestation Sparks Skyrocketing Prices and Scarcity in Nigeria

The Minister of Agriculture, Senator Abubakar Kyari, has attributed the scarcity and rising prices of tomatoes in the country to a severe infestation affecting...

Again CBN raises interest rate to 26.25% to tame inflation

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has increased the benchmark interest rate by 150 basis points, raising it...

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