Analysts at Afrinvest West Africa have projected that Nigeria’s headline inflation will ease further to 21.3 per cent year-on-year in August 2025, supported by foreign exchange (FX) stability, early harvest inflows, and relatively subdued global commodity prices. However, they cautioned that persistent food supply constraints and seasonal factors are likely to sustain upward pressure on…
The National Bureau of Statistics, NBS SAYS there is a decline in the the rate of inflation in Nigeria, going by its survey in May. It says the country’s headline inflation rate for May dropped to 22.97 per cent compared to the preceding month of April, which was 23.71 per cent. The NBS said in…
President Bola Tinubu has asked Nigerians not to be troubled about the rising inflation rate in the country, vowing that his administration would bring it Recently, the National Bureau of Statistics (NBS) stated its report that the countys inflation rose to 31.70 percent in February 2024 against 29.90 percent in January, due to subsidy removal…
