ABUJA – A staggering N2.22 trillion was spent on agricultural imports in the first half of 2025, a new report has revealed, sparking fierce criticism from farmers and industry stakeholders who blame Federal Government policies for crippling local production and failing to address the root causes of food insecurity. The latest data from the National
Abuja, Nigeria | Tuesday, September 16, 2025 Nigeria’s headline inflation rate moderated to 20.12% in August 2025, a drop from the 21.88% recorded in July, according to the latest data released by the National Bureau of Statistics (NBS). The decline reflects a slowdown in the rate at which food and energy prices are rising, providing
Nigeria’s foreign exchange (FX) market witnessed a notable surge in inflows during July 2025, driven primarily by increased activity from non-bank corporate entities. Data from the Central Bank of Nigeria (CBN) indicates that overall FX inflows grew by 24 percent compared to the previous month, highlighting a shift in the dynamics of foreign currency supply.
News Report – July 23, 2025 The Central Bank of Nigeria (CBN) has, for the third consecutive time, retained the Monetary Policy Rate (MPR) at 27.5 percent, reflecting a cautious stance amid signs of a gradual decline in the country’s inflationary pressures. The announcement was made on Tuesday during the conclusion of the Monetary Policy
Abuja, July 9, 2025 — The Central Bank of Nigeria (CBN) has issued a warning that persistent increases in input costs across key sectors may soon trigger a resurgence in consumer price inflation. The alert follows the release of the June 2025 Purchasing Managers’ Index (PMI) report by the bank. According to the CBN, input
President Bola Ahmed Tinubu has reiterated his administration’s firm resolve to tackle rising inflation and entrench a culture of transparency and accountability in Nigeria’s fiscal governance structure. He made this known on Monday while declaring open the National Conference on Fiscal Governance, Transparency and Accountability in Abuja. The three-day national event, convened by the Public
July, 2025 — The Nigerian National Petroleum Company Limited (NNPCL) has announced a downward review of the pump price of Premium Motor Spirit (PMS), popularly known as petrol, from ₦945 to ₦910 per litre. The price adjustment, which took effect on Friday, comes amid ongoing efforts by the Federal Government to cushion the impact of
Abuja, June 19, 2025 – In a renewed effort to tackle food inflation and enhance agricultural distribution across the country, the Federal Government and state governors have resolved to dismantle illegal checkpoints and eliminate multiple levies that have long hindered the smooth transportation of food items nationwide. The decision was reached during a high-level meeting
Lagos, Nigeria – June 4, 2025 The latest Nairalytics Food Price Survey conducted in selected markets across Lagos has revealed a sharp increase in the prices of several essential food commodities between April and May 2025. The report highlights a significant inflationary trend in food items, with tomatoes, pepper, and palm oil experiencing the steepest
