Nigeria’s headline inflation rate recorded a marginal decline to 15.06 per cent in February 2026, according to the latest Consumer Price Index report released by the National Bureau of Statistics (NBS). The statistics agency disclosed that the February figure represents a slight drop of 0.04 percentage points when compared with the 15.10 per cent recorded…
Nigeria’s headline inflation dropped to 18.02 per cent in September 2025, down from 20.12 per cent in August. This is the sixth consecutive headline inflation drop in Nigeria this year. National Bureau of Statistics, NBS, disclosed this in its Consumer Price Index and Inflation Data. NBS data showed that the country’s inflation declined by 0.72…
The World Bank has said the Federal Government’s ambition to achieve single-digit inflation in the short term is unrealistic, warning that Nigeria remains among a handful of African countries still grappling with high Consumer price inflation. In its latest Africa’s Pulse report, the Bank projected that Nigeria, alongside Angola, Ethiopia, Ghana, Malawi, Sudan, Zambia, São…
The Special Adviser to the President on Economic Matters, Dr. Tope Fasua, has stated that Nigerians can expect inflation to fall to a single digit soon, which he believes will make life easier for the people. Dr. Fasua gave this assurance when he featured a Television programme. He explained that food prices are already beginning…
The consecutive decline in Nigeria’s headline inflation for the fifth time has intensified calls for the Central Bank of Nigeria to cut interest rates. According to reports, Nigeria’s inflation rate dropped to 21.12 per cent in August 2025. The latest drop represents a 1.79 per cent decrease compared to the N21.88 per cent recorded in…
Food and petrol price hikes have pushed Nigeria’s inflation to 33.88 percent in October 2024, from 32.70 percent recorded in the previous month.The National Bureau of Statistics, NBS, disclosed this on Friday in its Consumer Price Index and Inflation report for October 2024.Looking at the data, month-on-month, Nigeria’s headline inflation rate in October 2024 was…
Consumer prices remain stubbornly elevated in Nigeria, as the February Consumer Price Index (CPI) reading otherwise known as inflation, released yesterday by the National Bureau of Statistics (NBS) indicated that headline inflation scaled by 1.8 percentage points (ppts) to 31.7%, the highest level since April 1996. The inflation rate, which was a negative surprise to…