Nigeria’s reported inflation rate is facing increased scrutiny, with economists raising concerns that official figures may not accurately reflect the true financial strain experienced by everyday citizens. The National Bureau of Statistics (NBS) reported a rise in Nigeria’s Consumer Price Index (CPI) and inflation to 15.15% in December 2025, a jump from 14.45% the previous…
Nigeria’s long run of easing inflation has finally hit a wall. After eight straight months of decline, the inflation curve ticked upward in December. The headline figure now sits at 15.15 percent, according to the latest data from the National Bureau of Statistics. For many households, this rise feels familiar. Markets remain expensive. Transport costs…
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has signaled Nigerian Government Weighs Interest Rate Reduction as Inflation Shows Signs of Slowing – Finance Minister** potential shift in the government’s approach to monetary policy. He suggested that a decrease in interest rates could be on the table if the trend of…
The National Bureau of Statistics has announced that Nigeria’s overall inflation rate fell to 16.05 percent in October 2025. The NBS revealed this in its Consumer Price Index and Inflation Report shared on its verified X (once known as Twitter) account on Monday. The report indicated that the inflation rate decreased from the 18.02 percent…
In Nigeria, the headline inflation fell to 18.02 per cent in September, 2025, compared to 20.12 per cent in August. It is the sixth consecutive decline in headline inflation in Nigeria this year. This was revealed by the National Bureau of Statistics, NBS, on its Consumer Price Index and Inflation Data published on Tuesday. According…
Nigeria has seen a notable decrease in its headline inflation for June, dropping to 22.22%, down from 22.97% in May 2025. This information comes from the latest Consumer Price Index and Inflation Report released by the National Bureau of Statistics (NBS) on Wednesday. This new figure indicates a month-on-month decline of 0.75% in Nigeria’s overall…
Olayemi Cardoso, the Governor of the Central Bank of Nigeria, has emphasized that the primary goal of the apex bank is to reduce the country’s inflation rate to single digits in the medium term. Cardoso made this statement at the conclusion of the 2025 International Monetary Fund and World Bank Spring Meetings held in Washington,…
The inflation rate fell to 24.48% in January 2025, as reported by the National Bureau of Statistics (NBS). Prince Adeyemi Adeniran, the Statistician of the Federation and CEO of NBS, shared this information during a briefing in Abuja on Tuesday. He also noted that food inflation stood at 26.08% year-on-year. Adeniran explained that the updated…
Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, has asserted that achieving a 15 percent inflation rate in Nigeria is feasible, contingent upon the continued stabilization of the country’s exchange rate. Oyedele made this statement during a panel discussion at the PwC Economic Outlook for 2025. He indicated that Nigeria’s…
The Centre for the Promotion of Private Enterprise, CPPE, says Nigeria’s inflation may moderate slightly in 2025. CPPE Executive Director, Muda Yusuf, disclosed this in a statement titled Nigeria Economic Review 2024 and Economic Outlook 2025. The group of economic experts noted that Nigeria’s inflation, which was at 34.60% in November 2024, may slow down….
