Nigeria Inflation

Nigeria’s Monetary Policy Committee opens its 307th meeting on Monday, September 21, with inflation easing for a second consecutive month, gross external reserves climbing to $54.61 billion and the naira trading around ₦1,329.86 per dollar at the official market.

Headline inflation eased marginally to 15.91 percent in June from 15.93 percent in May, while monthly inflation slowed to 1.66 percent Food inflation accelerated to 3.75 percent month-on-month as prices of tomatoes, fresh pepper, crayfish and other staples...

May 15, (THEWILL) — Nigeria’s headline inflation rate rose to 15.69 percent in April 2026, up from 15.38 percent recorded in March, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics. The new...

April 10, (THEWILL) — Nigeria’s poverty rate rose to 63 percent in 2025, despite a noticeable slowdown in inflation, underscoring the limited impact of macroeconomic improvements on household welfare, according to the World Bank. The figures were published in the...

March 16, (THEWILL) — Nigeria’s price growth slowed in February as the country’s headline inflation rate declined to 15.06 percent, down from 15.10 percent in January, according to the latest Consumer Price Index (CPI) report released on Monday, by...

February 16, (THEWILL) — Nigeria’s headline inflation rate declined by 12.51 percentage points year-on-year to 15.1 percent in January 2026, underscoring a sustained moderation in price pressures across the economy, according to the latest Consumer Price Index (CPI) report...

January 16, (THEWILL) — The International Monetary Fund (IMF) has backed Nigeria’s latest inflation data following a major revision of the Consumer Price Index (CPI) methodology by the National Bureau of Statistics (NBS), saying the changes enhance data credibility...

October 15, (THEWILL) — Nigeria's headline inflation rate dropped to 18.02% in September, down from 20.12% in August 2025, the National Bureau of Statistics.(NBS) said in its Consumer Price Index (CPI) report released on Wednesday. According to the Bureau, the...

June 16, (THEWILL) – Nigeria’s headline inflation rate declined in May 2025, dropping to 22.97% from 23.71% recorded in April, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS). The Statistician-General of...

May 15, (THEWILL) – The National Bureau of Statistics (NBS) in its Consumer Price Index (CPI) report released on Thursday, said Nigeria’s headline inflation rate has dropped to 23.71% in April 2025 from 24.23% recorded in March. The Bureau said...