In August 2024, Nigeria's domestic airfares rose significantly to an average of N123,700.14, reflecting a 25.51% increase from July and a 56.56% increase from the previous year. Regional variations were noted, with Niger recording the highest fares, while bus and motorcycle transport costs also...
Nigeria’s inflation rate dropped to 33.4% in July 2024, marking the first decline in 19 months, according to the National Bureau of Statistics. The decrease from June’s 34.2% rate signals a potential stabilization of the economy, though sustained efforts are needed to maintain this trend and...
Nigeria's inflation rate rose to 34.19% in June 2024, with food inflation hitting 40.87%, according to the National Bureau of Statistics. The increase highlights ongoing economic challenges, particularly in the food sector. Experts call for government intervention to stabilize prices and protect...
The National Bureau of Statistics reports sharp increases in prices of staple Nigerian foods like rice, garri, tomatoes, beans, and yam in Tinubu's first year as president.
Nigerians are grappling with soaring food prices during President Bola Tinubu's first year in office, according to data...
The most recent data released by the National Bureau of Statistics (NBS) highlights a concerning increase in headline inflation, soaring to 31.70% in February. This significant surge, disclosed on Friday afternoon, represents a notable jump from the 29.90% recorded just the previous month...
The financial landscape of Nigeria presents a tale of contrasts. Recent reports highlight the top tier-one banks in Nigeria amassing a combined gross earning of N4.2 trillion in the first half of 2023. These figures, as reported by The Guardian Nigeria, are undeniably impressive, showcasing the...
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