Inflation

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...

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...

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...

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...

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...

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...

January 15, (THEWILL) — The Nigerian Economic Summit Group (NESG) has projected that Nigeria’s inflation rate could fall to single-digit levels by 2029, contingent on the sustained implementation of key macroeconomic and structural reforms. NESG noted that the outlook depends...

January 13, (THEWILL) — The National Bureau of Statistics (NBS) has indicated plans to “normalise” Nigeria’s December inflation data to account for seasonal distortions that typically cause a spike in consumer prices at year-end. According to the statistics agency,...

December 15, (THEWILL) — Nigeria’s headline inflation rate declined for the eighth consecutive month in November 2025, easing to 14.45 per cent year-on-year, according to the latest Consumer Price Index (CPI) report released on Monday by the National...

December 03, (THEWILL) — Input cost inflation in Nigeria eased to its lowest level in five years in the latest assessment of business conditions, according to a new report released this week. The slowdown signals a moderation in the...