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Nigeria isn’t poor, huge money moves below radar –

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Economy

Tag: Inflation

Bankers oppose removal of retained earnings in CBN terms
Finance

CBN projects 2026 disinflation, possible rate cuts

Nigerian central bank Governor Olayemi Cardoso has hinted that the apex bank could resume interest-rate cuts next year, provided inflation continues to cool as expected. “Our models project continued disinflation in 2026, helped by stronger domestic production, improved foreign exchange liquidity, and more disciplined liquidity management,” he told an annual banker’s dinner in Lagos on […]

Opinion

Nigeria’s inflation could fall to 14% by 2026 – Afreximbank

The Group Chief Economist and Managing Director of Afreximbank, Yemi Kale, has suggested that if Nigeria maintains the trajectory of its ongoing reforms, inflation could drop to approximately 14 per cent by the end of 2026. This optimism comes as the National Bureau of Statistics reported that Nigeria’s headline inflation had already eased to 20.12 […]

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.
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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 […]

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