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….
Kogi, Bauchi, and Oyo are Nigeria’s three most expensive states on a year-on-year basis after recording highest in its All Items Inflation. However, on a month-on-month basis, Lagos, Ondo, and Edo are the most expensive states in Nigeria. This is according to the National Bureau of Statistics’s latest April consumer price index and inflation report….
