Inflation

Business

Standard Chartered Predicts High Interest Rates Persisting as Inflation Delays CBN Rate Cuts

Ogochukwu Onwaeze, THEWILL -
Standard Chartered expects the CBN to cut interest rates by only 150 basis points in 2026. The bank now forecasts the Monetary Policy Rate (MPR) will end 2026 at 25 percent, citing persistent inflation. Inflation is now projected...
Business

Lagos Food Prices Mixed In June As Titus Fish Soars 93 Percent, Rice, Cooking Gas Ease

Ogochukwu Onwaeze, THEWILL -
July 2 (THEWILL) — Food prices across major Lagos markets posted mixed movements in June, with higher prices for fresh produce offset by declines in several household staples as supply conditions gradually improved. The latest Nairametrics Food Price Watch, which...
Business

Inflation Rises to 15.93% in May as Food Prices Remain Elevated

Ogochukwu Onwaeze, THEWILL -
June 15, (THEWILL) — Nigeria’s headline inflation rate rose to 15.93 percent year-on-year in May 2026, up from 15.69 percent recorded in April, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics...
Opinion

OPINION: The Arithmetic Of Survival: How Inflation Is Pricing Nigerians Out Of Everyday Life

THEWILL -
May 25 (THEWILL) — The story of inflation in Nigeria is not written in central bank communiqués or quarterly GDP reports. It is written in the cost of a pot of jollof rice. SBM Intelligence has tracked the price...
Business

CBN MPC Member Warns Election Spending Could Threaten Nigeria’s Inflation Gains

Ogochukwu Onwaeze, THEWILL -
May 13, (THEWILL) — A member of the Central Bank of Nigeria’s Monetary Policy Committee (MPC), Professor Murtala Sabo Sagagi, has warned that uncontrolled fiscal spending, especially during politically sensitive periods, could undermine the country’s ongoing fight against inflation. Sagagi...
Headline

UPDATED: Nigeria’s Inflation Edges Up To 15.38 Percent In March As Monthly Price Surge Accelerates

Ogochukwu Onwaeze, THEWILL -
April 15, (THEWILL) — Nigeria’s headline inflation rate rose to 15.38 percent in March 2026, up from 15.06 percent recorded in February, according to the latest data from the National Bureau of Statistics (NBS). The increase signals renewed pressure on consumer...
Business

IMF Warns of Fresh Inflation Surge as Oil Prices Climb Above $100

Ogochukwu Onwaeze, THEWILL -
March 20, (THEWILL) — The International Monetary Fund (IMF) has warned that rising oil prices could trigger a fresh wave of global inflation, posing risks to an already fragile economic recovery. In its latest assessment, the Fund noted that crude...
Business

Cooling Inflation Raises Prospects of Interest Rate Cut

Ogochukwu Onwaeze, THEWILL -
February 19, (THEWILL) — A steady moderation in inflation is strengthening expectations that the Central Bank of Nigeria could begin easing monetary policy, offering potential relief to businesses and households facing high borrowing costs. Recent data shows price pressures...
Business

After Decade of Surging Prices, Nigeria’s Food Inflation Nears Single Digit

Ogochukwu Onwaeze, THEWILL -
February 16, (THEWILL) — For the first time in over a decade, Nigeria’s food inflation is on the brink of returning to single digits. A milestone last achieved in May 2015. Fresh projections reported by BusinessDay show that food...
Business

Nigeria’s Inflation Rises To 15.15% After Methodology Review

THEWILL -
January 15, (THEWILL) — Nigeria’s headline inflation rose to 15.15 percent in December 2025 following a recalibration of the country’s inflation measurement methodology, the National Bureau of Statistics (NBS) said. The revision aims to provide a more accurate reflection...
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Latest News

NewsFelix Ifijeh, THEWILL -

South African Woman, US-Based Grandma Arrested With Large Cocaine, Loud Shipments

The National Drug Law Enforcement Agency (NDLEA) has arrested a 34-year-old South African woman, Qhina Beauty, with 36.65 kilograms of cocaine at the Murtala Muhammed International Airport (MMIA), Ikeja, Lagos, as the agency intensified its crackdown on international and domestic drug trafficking networks.
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