The Centre for the Promotion of Private Enterprise (CPPE) has warned that Nigeria’s modest relief in headline and core inflation recorded in July 2025 may be undermined by rising food prices and persistent structural constraints in the economy. According to the July 2025 inflation report released by the National Bureau of Statistics (NBS), headline inflation…
The National Bureau of Statistics (NBS) announced on Friday that Nigeria’s inflation rate continued its downward trajectory in July 2025, falling to 21.88 per cent. The statistics agency attributed the slowdown to the recent rebasing of the Consumer Price Index (CPI). The July 2025 inflation figure marks the fifth consecutive month of decline this year,…
The report by the Nigeria Bureau of Statistics, NBS says that there was a considerable reduction in the food inflation in Nigeria last month compared with what was recorded same time last year. According to the report released earlier in the week, the food inflation rate in June 2025 was 21.97 percent on a year-on-year…
Senator Aliyu Wamakko, former governor of Sokoto State and Senator representing Sokoto North Senatorial District is concerned about the reluctance of traders to bring down the prices of commodities that went up following the depreciation of the Naira. He said now that the national currency has regained value against the dollar, the continued high prices…
Governor Babajide Sanwo-Olu of Lagos State has implored residents of the state, and Nigerians in general, to allow the positive effect of naira gain against the dollar show in their business activities by reducing the prices of goods and services in the country. The governor spoke at the combined special prayers organized for President Bola…
To support citizens’ purchasing power, the Lagos State government will on Sunday commence discounted sales of food items such as rice, beans, gari, bread, eggs, tomatoes, and pepper, among others. This will be done across the five divisions of the state, and beneficiaries will enjoy a rebate of 25 percent on every purchase. The state…
Data by the National Bureau of Statistics NBS, on Friday, revealed that food inflation in Nigeria spiked to an all-time high of 37.92 percent in February. The food inflation rate on a year-on-year basis surged by 13.75 percent against the 24.35 percent recorded in February 2023. NBS said the surge in food inflation on a…
. LAUDS NIGERIAN MONETARY POLICY The International Monetary Fund, IMF through its Director of Communications, Julie Kazak has advised the federal government on the importance of reducing the high prices of food, drugs and transportation. The world body said this could be done through the implementation of social protection measures. This is contained on its…
Chairperson: Good afternoon my people, how has it been? Anyway, there is no need to ask questions or pretend about the happenings in the country, the whole thing is glaring for everybody to see, even for a blind. With all these shouts of “We are hungry, that is re -vibrating all over the council, we…
The Minister of Agriculture and Food Security (FMA&FS), Abubakar Kyari, has attributed the smuggling of food from Nigeria to other countries as the major driver of hunger and food scarcity. He also named other causes which include naira redesign and natural disasters. Kyari noted that the food shortage currently experienced in the country is due…
