Nigeria Inflation

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...

April 15, (THEWILL) – Nigeria’s inflation rate rose to 24.23% in March from 23.18% recorded in February 2025, the National Bureau of Statistics (NBS) stated in its Consumer Price Index (CPI) report released on Tuesday. The statistics office said the...

January 20, (THEWILL) – There are strong indications that the continued rise in Nigeria’s inflation rate is a threat to agribusiness -- key anchor of a struggling economy that is gasping for breath and yearning for diversification. The country...

December 23, (THEWILL) - There are strong indications that high inflation, interest and exchange rates constitute major macroeconomic challenges that would confront the manufacturing sector in the coming year - 2025. Since the inception of the Bola Tinubu administration on...

February 19, (THEWILL) - Nollywood actress, Laide Bakare, has joined the growing list of entertainers who earlier supported the presidential candidacy of Bola Tinubu but are now calling him out over the prevailing economic hardship in the country. In a...

February 15, (THEWILL) - Nigeria’s inflation rate rose to 29.9%, a near 28-year high in January, the National Bureau of Statistics (NBS) said Thursday. According to the bureau, food inflation also surged to 35.5 percent in the month under...

February 06, (THEWILL) - The World Bank says inflation in food prices remains high globally. The World Bank declared in its latest Food Security Update report on Tuesday that available data on food prices showed high inflation in low, middle...

February 04, (THEWILL) - From a level of 21.34 per cent as of end-December 2022, Nigeria’s headline inflation maintained a consistent upwards trajectory, closing the year 2023 at 28.92 per cent—a rate widely considered to be the highest in...

January 25, (THEWILL) - The Governor of, the Central Bank of Nigeria (CBN), Olayemi Cardoso, has disclosed that the Apex Bank was working to reduce the headline inflation rate to 21.4 percent in 2024. This, he said, will be aided...

December 31, (THEWILL) - Food prices recorded average increase across the country in November 2023, the National Bureau of Statistics (NBS) has said. Average price of 1kg of boneless beef increased by 29.61 per cent from N2,337.46 recorded in November...