Tag: Inflation

Policy and Regulations

Proposed tax stamp system could worsen inflation, MAN warns

The Manufacturers Association of Nigeria has expressed concerns that the proposed introduction of a Tax Stamp System for excisable goods could worsen inflation, erode consumer demand, and weaken Nigeria’s competitiveness under the African Continental Free Trade Area. According to MAN, the extra compliance costs from tax stamps would inevitably be passed on to consumers, many […]

Economy

NECA applauds decline in inflation rate, urges policy shift

The Nigeria Employers’ Consultative Association has applauded the steady decline in Nigeria’s inflation rate, which has moderated for five consecutive months. According to the National Bureau of Statistics Consumer Price Index report, headline inflation eased to 20.12 per cent in August 2025, down from 21.88 per cent in July. NECA’s Director-General, Adewale-Smatt Oyerinde, stated that […]

Opinion

Nigeria’s inflation to drop 17% by year-end- IMPI

The Independent Media and Policy Initiative forecasts that Nigeria’s inflation rate will drop to 17 per cent by December 2025, driven by continued disinflation. According to IMPI Chairman Dr. Omoniyi Akinsiju, Nigeria recorded a rare disinflation in 2025, with inflation falling from 24.5 per cent in January to 20.12 per cent in August, representing a […]

Economy featured

Nigeria’s inflation rate drops to 20.12%

Nigeria’s headline inflation rate has slowed down for the fifth consecutive month, dropping to 20.12 per cent in August 2025 from 21.88 per cent in July. This represents a 1.76 percentage point decline on a month-on-month basis and a significant drop from 32.15 per cent recorded in August 2024. According to the National Bureau of […]

Diaspora Nigerians to pay ₦80,000 for remote BVN
Economy

Cardoso hints at lower interest rates as inflation eases

The Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, has hinted that lending rates may decline in the coming months as inflation continues to ease, raising hopes for improved access to credit and stronger investment flows. Cardoso gave the assurance during a fireside chat at the European Business Chamber (Eurocham Nigeria) C-Level Forum […]

Opinion

Build economic growth on productivity not inflation, NESG tells FG

The Nigeria Economic Summit Group has called on the Federal Government to anchor its economic growth objectives on productivity and not inflation. Making this call in a report on the outcome of the Gross Domestic Product rebasing exercise recently concluded by the National Bureau of Statistics, NESG said: “The rebasing of Nigeria’s GDP is more […]

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.
featured News

Nigeria’s inflation falls third consecutive month in June

Nigeria’s headline inflation rate eased for the third straight month in June, falling to 22.22% year-on-year from 22.97% in May, according to data released Wednesday by the country’s National Bureau of Statistics. Inflation in Africa’s most populous nation surged to levels not seen in 28 years last year, driven largely by President Bola Tinubu’s policy […]

Nigeria's inflation rate dips first time in 19 months
News

Nigeria’s inflation rate dips first time in 19 months

Nigeria’s inflation rate has decreased for the first time in 19 months, potentially signaling that the central bank’s successive interest rate hikes are beginning to take effect. This development offers a ray of optimism for Nigerians grappling with the nation’s worst cost of living crisis in decades. According to the latest data released by the […]

News

South Africa’s consumer inflation rises to 5.6%

South Africa’s consumer inflation increased for the second time in a row in February, inching closer to the Central Bank’s upper target. Economists in the country stated this could imply longer waits for rate cuts. According to Reuters, headline consumer inflation rose to 5.6% year on year from 5.3% in January, Statistics South Africa data […]

Fuel, electricity tariff cap costly, IMF warns Nigeria
News

Nigeria’s inflation may hit 44%, IMF warns

By Melvin Onwubuke   The international Monetary Fund recent post-financing assessment report concerning Nigeria, paints a bleak picture of the country’s economic future. According to nairametrics, IMF expressed concerns that Nigeria’s inflation rate could rise to an unparalleled 44%, if the CBN fails to make significant steps in tightening it’s monetary policy. The report highlights […]

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.
Business

Nigeria inflation nears 30%, highest in 26 Years

By Melvin Onwubuke   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. According to Reuters, consumer inflation rose for the 13th straight month in January to 29.9% Year on Year (YoY) from December’s 28.92% data from the […]