Inflation in Nigeria

After several weeks of expectation, President Bola Tinubu has suspended payment of tariffs on imported grains and its semi-finished foods into Nigeria for five months. The Nigerian Economy reports that …

South African chain of supermarkets, Shoprite will close its Wuse, Abuja branch this Sunday June 30, 2024, citing harsh economic climate in Nigeria. In a circular signed by Chief Executive …

Nigeria’s inflation rose to 27.33%, mainly driven by prices of food, housing, transportation, fuel and surprisingly, non-acolholic beverages. The National Bureau of Statistics (NBS) released the October 2023 Consumer Price …

If precautionary fiscal measures and coordinated approach against inflation are not taken, inflation in Nigeria will deepen, the World Bank has warned. The World Bank dropped the warning in its …

Inflation in Nigeria rose to 24.08% in July, 2023 beating existing inflation record in the country in the last 10 years. The National Bureau of Statistics (NBS) in it’s CPI …

Despite the Central Bank of Nigeria’s (CBN) efforts to combat inflation and tighten liquidity by raising the benchmark interest rate, Nigeria’s money supply witnessed a substantial increase, reaching a record …