Nigeria, inflation

Nigerians still groan under cost-of-living crisis amid inflation drop
A few days ago, the National Bureau of Statistics (NBS) announced that Nigeria’s inflation rate had dropped to 24.48% in January 2025, down from 34.80% in December 2024. The news was met with applause from government officials and pro-government supporters who saw it as a sign of economic recovery.
Nigeria's inflation rate drops after statistics overhauled and updated
Nigeria's annual inflation rate stood at 24.48% in January, the statistics agency said on Tuesday, well down from the previous month's figure after the country's price index was rebased for the first time in more than a decade.
Nigeria’s inflation rate drops to 24.48% in January 2025 amid CPI rebasing
Nigeria’s headline inflation rate dropped to 24.48% year-on-year in January 2025, following the rebasing of the Consumer Price Index (CPI),
CBN retains Nigeria’s interest rate at 27.50% amid inflation drops
The Central Bank of Nigeria Monetary Policy Committee has retained the country’s interest rate at 27.50 percent in January, the same rate as in November last year amid inflation drops. It also retained the Cash Reserve Ratio,
Nigeria’s inflation rate falls from 34.8% to 24.48% after rebasing CPI
NBS also said that the food inflation rate fell to 26.08 per cent in January 2025 from 39.84 per cent in December 2024.
See more as CBN retains interest rates at 27.5%, 26 banks release savings rates
The Central Bank of Nigeria, Monetary Policy Committee (MPC) has decided to retain the Policy Rate (MPR) which means that banks' lending rate will not change.
JUST IN: CBN retains interest rate at 27.50%, maintains other parameters
Monetary Policy Committee (MPC) has unanimously decided to hold all the parameters.This was announced by the CBN Governor, Mr Olayemi Cardoso, on Thursday during a press briefing in Abuja.In this regard,
Nigeria keeps benchmark interest rate steady as inflation seen falling gradually
Nigeria's central bank left its benchmark interest rate unchanged on Thursday after six hikes last year, saying that it was ...
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"From Double-digit to Single:" CBN Explains How it Will Bring Down Inflation Rate
The Central Bank of Nigeria has spoken on the strategies it will use to bring the inflation rate down from the 24.48% ...
Nigeria Inflation Slows After Data Rejig, Clouds Rates Path
Nigeria’s annual inflation rate fell in January after the statistics office revised the data used to calculate household ...
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‘Govt Must Not Get Comfortable With Rebased Inflation Figure’
Lagos Chamber of Commerce and Industry (LCCI) has said the government must not get comfortable with a rebased inflation figure and lose the fight against ...
TheCable2d
Inflation persists as CBN holds rates: The limits of CPI rebasing
The current inflation trend suggests that monetary policy alone will not solve Nigeria’s inflation problem. The CBN’s ...
Nigeria's central bank keeps main interest rate unchanged
Nigeria's central bank held its benchmark lending rate at 27.50%, its governor Olayemi Cardoso said on Thursday. The decision ...
businessday3d
Nigeria depletes foreign reserves by $2bn YtD to $38.88bn
Nigeria's gross foreign currency reserves have depleted by $2bn since this year, BusinessDay check on the reserves movement ...
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Reasons drop in Nigeria’s inflation doesn’t result in price reduction – CPPE
The Centre for the Promotion of Private Enterprise, CPPE, has explained that the sharp deceleration of Nigeria’s inflation in ...