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inflation

Nigeria’s ₦70k M’Wage Diminished by Inflation: Real Value Drops to ₦52,473.76

Despite a recent boost in Nigeria’s minimum wage to ₦70,000, inflation has significantly eroded its purchasing power, reducing its real…

4 months ago

FG to Suspend Import Duties on Staple Foods Items, Others to Combat Inflation

The Federal Government of Nigeria is planning to suspend import duties on staple food items, drugs, and other essentials for…

7 months ago

IMF Predicts 44% Inflation Risk for Nigeria Amid Naira’s Decline

The International Monetary Fund (IMF) has issued a stark warning regarding Nigeria's economic future, stating that the inflation rate could…

11 months ago

IMF Warns Of Deepening Economic Crisis In Nigeria

The International Monetary Fund has issued a stark warning about Nigeria's economic challenges, citing stagnant per-capita growth, widespread poverty, and…

11 months ago

UPDATE: Nigeria’s Inflation Rate Climbs to 27.33% in October

The headline inflation rate in Nigeria experienced a notable increase, reaching 27.33% in October 2023. This marks a continued ascent…

1 year ago

Over 25 Million Nigerians To Face Acute Hunger In 2023 — WFP

The United Nations World Food Programme (WFP) says over 25 million Nigerians may face acute hunger at the peak of…

2 years ago

JUST IN: Nigeria’s Inflation Hits 22.41% As Food Prices Rise

Nigeria’s annual inflation rate rose to 22.41 per cent in May from 22.22 per cent in the previous month, the…

2 years ago

Gombe, Jigawa, Sokoto, Anambra Ranked Easiest States To Do Business In Nigeria

The Presidential Enabling Business Environment Council (PEBEC) has ranked Gombe as the state which provides the friendliest environment for business…

2 years ago

BREAKING: Nigeria’s Inflation Exceeds 22% In March – NBS

Nigeria’s consumer price index (CPI), which measures inflation rose to 22.04 percent in March 2023, up from 21.91 percent in…

2 years ago

We’re Working To Bring Down Inflation, Boost Economy – FG

The federal government has assured of its determination to ensure that the inflation rate which has been on a downward…

3 years ago