Nigeria’s inflation rate showed a welcome deceleration in May 2025, easing to 22.97% year-on-year, marking the second consecutive month of relief for the country’s strained consumers. The National Bureau of Statistics (NBS) revealed this in its latest inflation report, released Monday, noting that the inflation rate fell by 0.74 percentage points from April’s 23.71%. On…
The African Development Bank (AfDB) has forecasted that Nigeria’s inflation will average 24.7% in 2025, before declining significantly to 17.3% in 2026, as outlined in its recent African Economic Outlook (AEO). Inflation remains a pressing issue for Nigeria’s economy, driven by factors such as exchange rate depreciation, elevated energy and food prices, alongside ongoing structural…
A financial expert, Mr Moses Igbrude, has urged the Federal Government to entrench the naira for crude oil policy to ensure its affordability and also help to moderate the inflation rate. Igbrude, National Coordinator, Independent Shareholders Association of Nigeria (ISAN), made this interview with the News Agency of Nigeria (NAN) on Tuesday in Lagos. He…
Croatian economic analyst Petar Vuskovic said if inflation is the fuel for recession, the tariffs imposed by U.S. President Donald Trump are the matches that will ignite it. Vuskovic said in an interview with the local N1 Television on Tuesday. “It is not a question of whether the economic armageddon will hit us because it…
Nigerians have called on the Federal Government to implement effective policies to reduce inflation and strengthen the economy. Many residents of the Federal Capital Territory (FCT) told the News Agency on Nigeria (NAN) in Abuja on Sunday that this would lead to economic growth and stability that benefits all citizens. NAN recalls that the National…
The National Bureau of Statistics (NBS), says Nigeria’s headline inflation rate declined to 24.48 per cent in January 2025, This is contained in the Consumer Price Index (CPI) rebased results released in Abuja on Tuesday. The News Agency of Nigeria (NAN) reports that the headline inflation rate for December 2024 was 34.80 per cent. The…
Statistics South Africa on Wednesday said South Africa’s inflation rate dropped in October to its lowest level since the peak of the COVID pandemic. Statistics South Africa said falling fuel prices were the primary driver of the slowdown in annual inflation to 2.8 per cent from 3.8 per cent in September (ZACPIY=ECI), opening a new…
