30 results
- 16 Dec 2024
Food Inflation Reaches 39.93% as Nigeria's Inflation Rate Hits 34.6%
Nigeria’s headline inflation rate rose to 34.60% in November 2024 from 33.88% in October 2024, the National Bureau of Statistics (NBS) said Monday. The November inflation rate showed an increase of…
- 16 Apr 2023
Nigeria’s Inflation Rate Hits 22.04% for March 2023
Nigeria's inflation rate has increased by 0.13% points compared to February 2023's inflation rate. This is according to the National Bureau of Statistics (NBS)’s Consumer Price Index (CPI) report…
- 15 Oct 2020
NBS puts Nigeria’s Inflation in September at 13.71%
Nigeria’s inflation rate rose by 0.49 percentage point to 13.71 percent in September from 13.22 percent in August. Similarly, food inflation rose by 0.66 percent point to 16.66 percent during the…
- 12 Nov 2023
Nigeria’s Inflation Rate May Hit 30 Percent by December 2023 —KPMG
Klynveld Peat Marwick Goerdeler (KPMG), global financial advisory service firm, has predicted Nigeria’s headline inflation rate to hit 30 per cent by December 2023. Headline inflation is the raw…
- 18 May 2017
NBS Inflation Report: Analyst Says 2017 Is Nigeria First Major Test
Report by the National Bureau of Statistics (NBS) shows Consumer Price Index (CPI) which measure inflation declined by 0.02 per cent in April. According to the NBS in its new report, the inflation…
- 17 Oct 2025
Nigeria’s Inflation Drop: Has Life Become Any Easier?
By Blaise Udunze When the National Bureau of Statistics (NBS) yesterday announced that Nigeria’s inflation rate had dropped to 18.02 percent in September 2025, the news was met with official…
- 15 Mar 2024
Nigeria’s inflation rate rises to 31.7 %
A report released by the National Bureau of Statistics (NBS) has revealed that the headline inflation in the country increased to 31.7 per cent in February 2024 from 29.9 per cent recorded in January…
- 15 Oct 2024
Nigeria’s Inflation Rate Rises to 32.7 Percent - NBS
Nigeria's annual inflation rate climbed for the first time in three months in September, sparked by a spike in gasoline prices and severe floods in food-producing areas. Consumer prices index (CPI)…
- 16 Feb 2024
Nigeria’s inflation hits 29.9 per cent
A new report released by the Nigerian Bureau of Statistics (NBS) has shown that the headline inflation rate increased year-on-year (YoY) by 0.98 percentage points to 29.9 per cent in January 2024…
- 26 Jan 2025
World Bank Urges CBN to Sustain Inflation Control Measures
Central Bank of Nigeria (CBN) must sustain efforts to tackle inflation, according to Sameer Matta, senior economist for Nigeria at World Bank. Matta, spoke at the recent launch of the 2025…
- 16 Jun 2024
Nigeria’s Headline Inflation rises to 33.95 in May
National Buereau of Statistics says Nigeria’s inflation rate increased to 33.95 per cent in May 2024. In its latest report released today June 15, the bureau stated that there was an increase of…
- 17 Jul 2017
Inflations Decline: Analyst Urges CBN to Rectify Multiple Exchange Market
Although, Nigeria’s inflation rate fell for a fifth consecutive in June even as food-price growth surged, Lukman Otunuga, research analyst at Forex Times, has urged the Central Bank of Nigeria (CBN)…
- 15 Dec 2023
Nigeria’s Inflation Hits 28.20% in November – NBS
Nigeria’s headline inflation rate for November increased to 28.20% compared to the October 2023 rate which was 27.33%, the National Bureau of Statistics has disclosed. The NBS in its Consumer Price…
- 15 Mar 2017
Nigeria Inflation Decline to 17.78% Sign of Price Stability- Otunuga
Nigeria’s headline inflation decline for the first time in 15 months, showing 17.78 percent year on year in February, from 18.72 percent posted in January, is a sign of price stability says Lukman…
- 17 Jul 2023
Nigeria’s inflation hits 22.79%
Data released by the National Bureau of Statistics NBS, on Monday, July 17, showed that Nigeria's headline inflation rate accelerated for the sixth consecutive time to 22.79 per cent in June 2023.…
- 17 May 2016
Inflation Hit Near 6 Years High in April
Annual inflation in Nigeria quickened to a near six-year high of 13.7 percent in April, in part due to rising petrol and electricity prices, the National Bureau of Statistics (NBS) said on Monday,…
- 16 Oct 2023
Nigeria inflation increases to 26.72%
Nigeria’s inflation rate has increased to 26.72 per cent, marking a 0.92 per cent increase from the previous month’s 25.80 per cent. The National Bureau of Statistics in a report released on Monday,…
- 15 Apr 2014
Food Prices Push Inflation to 7.8% Year/Year-NBS
Nigeria Bureau Statistics (NBS) latest report on Nigerian annual consumer price inflation showed it edged up in March to 7.8 percent from 7.7 percent in February. The report showed that food…
- 26 Mar 2013
CBN Allays Concerns as Nigeria's Inflation Rises
Nigeria's inflation is likely to exceed 10 percent at some point over the next few months, but will return to single digits by the fourth quarter, according to statement from the Central Bank of…
- 16 Jun 2017
Inflation Decline: Why CBN Should Remain Standby- Otunuga
The growing confidence in Nigeria’s economic recovery was bolstered on Thursday following reports that the nation’s rate of inflation declined for the fourth consecutive month in May to 16.25% , the…
- 15 Dec 2008
CBN Shelves Commencement of Inflation Targeting
The Central Bank of Nigeria (CBN) said it has shelved the commencement of earlier scheduled inflation targeting expected to start in January, 2009 to enable the apex bank effectively fashion…
- 16 Jun 2021
Don’t let Lifestyle Inflation Jeopardize Your Financial Future - FBNQuest
A phenomenon that is often less obvious to most people is lifestyle inflation, otherwise known as “lifestyle creep”. It occurs when a rise in discretionary income, the amount available to an…
- 9 Jan 2023
During High Inflation, Great Customer Experience isn't Just a Competitive Differentiator—it's a Matter of Survival
By Hyther Nizam, President - MEA, Zoho Corp. Inflation is on almost everyone’s mind right now. Around the globe, the supply chain issues caused by the COVID-19 pandemic have been compounded by the…
- 8 Feb 2021
Nigeria Week Ahead: Naira, PMI’s and Inflation in Focus
By Lukman Otunuga, Senior Research Analyst at FXTM The past few weeks have not been kind to the Naira. Foreign exchange shortages, rising inflation, and lower oil prices offered nothing but pain to…
- 12 May 2025
CBN’s Tight Policies Expected to Bring Inflation Down to 22.1% – World Bank
World Bank has projected that Nigeria’s inflation rate will average 22.1 per cent in 2025, attributing the anticipated decline to the Central Bank of Nigeria’s tight monetary stance aimed at…
- 27 May 2024
Nigeria’s Luxury Car Market to Experience steady Growth Despite Risising Inflation
By Maxim Makarchuk The Nigerian luxury car market is experiencing remarkable growth despite the challenges posed by rising inflation and economic turbulence. This is unsurprising as the industry…
- 23 Jul 2023
Afrinvest Forecast Nigeria’s Inflation to Hit 24.0% by Q4 2023
Afrinvest Limited has forecasted that Nigeria’s inflation is likely to touch 24.0 per cent before decelerating in Q4 2023 on the back of the base effect and weakened demand pressure. In view of this,…
- 15 Jul 2024
Nigeria inflation rate hits 34.19%
Nigeria’s annual inflation rate increased for the fifth consecutive month to 34.19 per cent as Nigerians battle with high living crisis. According to the National Bureau of Statistics (NBS), released…
- 15 Aug 2024
Nigeria’s Inflation Drops First Time in 19 Months
National Bureau of Statistics (NBS) says Nigeria’s inflation rate declined to 33.4 percent in July, below the 34.2 percent reported in June. This is the first decline in 19 months, since December…
- 15 Nov 2023
Nigeria's Inflation Rises to 27.3% in October
National Bureau of Statistics (NBS) on Wednesday, November 15, announced that the headline inflation rate for October 2023 has increased to 27.33 percent. On a year-on-year basis, the headline…