Nigeria’s headline inflation slowed for the fifth consecutive month in August 2025, providing some respite for consumers grappling with high living costs. Data released by the National Bureau of Statistics on Monday showed that inflation dropped to 20.12 per cent, down from 21.88 per cent in July. The figure represents a 1.76 percentage point decline…
Nigeria’s private sector recorded its strongest expansion in over a year and a half, as the Stanbic IBTC Bank Purchasing Managers’ Index (PMI) rose to 54.2 in August, up from 54.0 in July, marking a 19-month high in new order growth and a four-month high in output. The PMI reading, which has remained above the…
Nigeria’s headline inflation rate slowed slightly to 21.88% in July 2025, marking a modest retreat from the previous month’s figure of 22.22%. This is according to the latest data released by the National Bureau of Statistics (NBS). The data shows that, on a year-on-year basis, the headline inflation rate was 11.52% lower than the rate…
Nigeria’s annual inflation rate eased to 22.22 per cent in June from 22.97 per cent in May 2025, the National Bureau of Statistics (NBS) said on Wednesday. The statistics office said the June 2025 headline inflation rate showed a decrease of 0.76 per cent compared to the May 2025 headline inflation rate. On a year-on-year…
Nigeria’s inflation rate dropped to 22.97 per cent in May 2025, the National Bureau of Statistics has said. The figure represents a decline of 0.74 percentage points when compared to the 23.71 per cent recorded in April 2025. On a year-on-year basis, headline inflation fell by 10.98 percentage points from 33.95 per cent recorded in…
The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, says the Federal Government plans to reduce inflation rate to single digits and create more jobs. Edun stated this during a press conference addressed by the Nigerian economic team, as part of activities marking the end of the 2025 International Monetary Fund…
The International Monetary Fund (IMF) has projected that Nigeria’s headline inflation will average 26.5% in 2025, following a recent rebasing of the Consumer Price Index (CPI) by the National Bureau of Statistics (NBS). The inflation rate, although down from 33.2% in 2024, is expected to spike again to 37.0% in 2026. This forecast is contained…
Nigeria’s headline inflation rate surged to 24.23% in March 2025, according to data released by the National Bureau of Statistics (NBS) on Tuesday. This marks a significant increase from the 23.18% recorded in February 2025, demonstrating the persistent pressure on household incomes, rising food prices, and the broader cost of living across the country. The…
The National Bureau of Statistics (NBS) says Nigeria’s inflation rate declined to 23.18 percent in February, from 24.48 percent reported in January. NBS announced the decline in its February 2025 consumer price index (CPI) on Monday. The bureau said the headline inflation rate in February rose marginally by “1.30% points when compared to the January…
The Federal Government of Nigeria has called on traders across the country to reduce the prices of foodstuff in the market. The call by the Federal government comes shortly after it was announced that the inflation rate of the nation had dropped to 24.48 percent. Speaking during the 2025 Wheat Farmers Green Field Day at…