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Tag: Inflation

Business

Nigeria inflation hits 15.93% in May despite slower price growth

Nigeria’s headline inflation rate rose slightly to 15.93 per cent in May 2026 from 15.69 per cent in April, indicating that price pressures remained elevated for households and businesses despite a slower monthly increase in consumer prices. Data from the National Bureau of Statistics’ latest Consumer Price Index report showed that the CPI climbed to […]

Economy featured

FG admits inflation, insecurity persist despite ongoing economic reforms

The Federal Government on Tuesday acknowledged that inflation and insecurity remain major challenges facing Nigerians, even as it defended the economic reforms introduced by President Bola Tinubu’s administration over the past three years. The PUNCH reported that speaking at a press conference to mark the 2026 Democracy Day celebration in Abuja, Secretary to the Government […]

Economy featured

South Africa’s inflation climbs to 4%, highest since 2024

South Africa’s annual inflation rate accelerated to four per cent in April 2026, marking its highest level since August 2024, as rising fuel prices pushed transportation and consumer costs higher across the economy. This is according to data released by Statistics South Africa on Wednesday. The increase reflects mounting pressure from energy-related costs despite continued […]

featured Opinion

LCCI urges FG to stabilise forex, cut energy costs amid rising inflation

The Lagos Chamber of Commerce and Industry has urged the federal government to stabilise the foreign exchange market and reduce energy and logistics costs as Nigeria’s headline inflation rate rose slightly to 15.69 per cent in April 2026 from 15.38 per cent recorded in March. In a statement titled, “April 2026 Inflation Signals Fragile Economic […]

New expatriate levy sparks concerns over regional integration
Opinion

CPPE urges supply-side measures to tackle Nigeria’s persistent inflation

The Centre for the Promotion of Private Enterprise has called for a shift toward supply-side interventions to curb inflation, amid rising energy and transport costs linked to Middle East tensions. CPPE said monetary tightening alone cannot address Nigeria’s inflation challenge and risks further weakening investment and productivity. Leadership reported that speaking, the director/CEO of CPPE, […]

Inflation in Nigeria continues to rise, reaching an all time high almost 30% in annual terms, attributed to rising food cost and the foreign exchange crises.
Economy featured

Nigeria’s inflation may rise again after April’s 15.95% surge — Report

Nigeria’s inflation rate may increase for the second consecutive month, reaching 15.95 per cent in April 2026, amid rising fuel prices, food supply challenges, and renewed pressure from global oil market volatility. This projection was contained in the latest Coronation Inflation Outlook released on Thursday. The report warned that the country’s period of easing inflation […]

Economy

Nigeria’s inflation rose to 16.42% in April

Nigeria’s headline inflation is forecast to rise to 16.42 per cent year-on-year in April 2026, as sustained pressure from food prices, higher energy costs and elevated global commodity prices continue to shape the domestic price environment. The projection is contained in the Financial Market Dealers Association Inflation Forecast report for April 2026, released on Wednesday, […]

Economy

South Africa’s inflation rises to 3.1% as cost pressures persist

South Africa’s headline consumer inflation edged up slightly to 3.1 per cent year-on-year in March 2026, compared to 3.0 per cent recorded in February, according to the latest consumer price index data released by the country’s statistics agency. The marginal increase reflects moderate cost pressures across key sectors of the economy, even as food inflation […]

Economy

Tinubu’s reforms prevented 120% inflation in Nigeria — NRS boss

The Executive Chairman of the Nigeria Revenue Service, Zacch Adedeji, on Tuesday said inflation in Nigeria could have risen as high as 120 per cent without the sweeping economic reforms introduced by the Federal Government. Adedeji stated this in Abuja during the commissioning of the NRS headquarters, noting that the reforms helped to stabilise prices […]

Inflation in Nigeria continues to rise, reaching an all time high almost 30% in annual terms, attributed to rising food cost and the foreign exchange crises.
Economy

Nigeria’s inflation to rise 3.1% over oil shock – World Bank

The World Bank has warned that the ongoing surge in global oil prices could directly add around 3.1 percentage points to Nigeria’s headline inflation, as rising fuel costs ripple through the economy. The bank highlighted the widening gap between locally refined petrol and imported fuel as a key factor driving inflationary pressures in the downstream […]

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