inflation

The Digest: Market leaders and traders across Nigeria have lamented that rising petrol prices are crippling their businesses and affecting Easter celebrations. Findings show prices of garri, rice, beans, fish, and groundnut oil have recorded sharp increases. In Lagos, the Babaloja General said...

The Digest: Egg prices have surged across Nigeria, with a crate now selling as high as N8,500 in some retail outlets, driven by a shortage of day-old chicks that has constrained poultry production. Farm gate prices have risen to about N5,500 per crate, up from N5,000 in January, while...

The Digest: Actor Kunle Remi has spoken out against Nigeria's worsening economic situation, describing himself as "mentally stressed" over the sharp rise in fuel prices and its cascading effects. In an Instagram video, the actor admitted he once avoided political discussions but now considers...

The Digest: President Bola Tinubu has warned that the escalating Middle East crisis, involving the US, Israel, and Iran, could push up inflation and erode Nigerians' purchasing power. Speaking at his Lagos home on Sunday while hosting Vice-President Kashim Shettima and 23 governors for Eid...

The Digest: Nigerians face worsening hardship as food inflation climbed to 12.12% in February 2026, up from 8.89% in January, according to NBS data released Monday. The increase coincides with fuel prices soaring to as high as N1,330 per litre following Dangote Refinery's fourth petrol hike to...

The Digest: Nigeria's headline inflation rate eased to 15.06 per cent in February 2026, down marginally from 15.10 per cent in January, according to the National Bureau of Statistics. The NBS Consumer Price Index report released Monday showed a 0.04 percentage point decline month-on-month...

The Digest: Nigeria's headline inflation eased marginally to 15.10 per cent in January 2026, down from 15.15 per cent in December 2025, according to the National Bureau of Statistics (NBS). The figures, released Monday, come ahead of the Central Bank of Nigeria's Monetary Policy Committee...

The Digest: Nigeria's headline inflation climbed for another month in December 2025, underscoring the persistent economic pressures households continue to face despite some easing in the cost of food. According to the latest data from the National Bureau of Statistics, the inflation rate rose...

The Digest: President Bola Tinubu has projected inflation to drop below 10% in 2026, citing economic reforms and a soaring stock market that recently surpassed N100 trillion in capitalisation. Key Points: Tinubu appointed Special Adviser Bayo Onanuga. NGX market capitalisation crossed N100...

The Digest: The National Bureau of Statistics confirmed Nigeria’s inflation rate fell sharply to 14.45% in November, a level not seen in recent memory. According to official data published on Monday, the figure is a stark contrast to last year’s crippling price surges, prompting cautious...

The Digest: While Nigeria’s headline inflation fell sharply to 16.05% in October, the Centre for the Promotion of Private Enterprise warns that households have yet to feel meaningful relief, as structural issues continue to drive up the cost of essential goods and services. Key Points: The...

The Digest: As schools reopen across Nigeria, parents are facing unprecedented financial strain with reports of tuition fees doubling and essential costs soaring. Amid a crippling inflation rate of 21.88%, many families are being forced to choose between educating their children and putting...

The Digest: The Centre for the Promotion of Private Enterprise (CPPE) has warned that food prices persist at a high level, casting a Statistics's Shadow over the fourth consecutive decline in Nigeria’s headline inflation. The CPPE's Director, Muda Yusuf, stated that unresolved structural...

The Digest: Food prices have surged in Lagos markets in July 2025, with onions, rice, and pepper seeing significant increases. The latest Nairametrics Food Price Survey highlights the factors driving inflation, including logistics, supply chain disruptions, and seasonal factors. Key Points...

The Digest: Nigeria's inflation rate eased to 22.22% in June 2025, down from 22.97% in May. This improvement signals a shift toward more stable economic conditions despite ongoing challenges in food inflation and broader price increases. Key Points: Headline Inflation: Eased to 22.22% from...

Nigeria's inflation rate decreased to 22.97% in May 2025, down 0.74% from April's 23.71%, marking the first significant decline after sustained price surges. However, monthly food prices increased 0.13% despite annual food inflation dropping to 21.14%, creating mixed economic signals for...

The bond between humans and animals faces an economic breaking point in Nigeria. BBC reports that cash-strapped pet owners are surrendering beloved companions to shelters or abandoning them on the streets as living costs soar beyond reach. Preye Maxwell's heartbreaking decision to surrender his...