Abuja, Nigeria | Tuesday, September 16, 2025 Ekiti State has emerged as the first South-Western state to lead Nigeria’s inflation chart following the recent rebasing of the Consumer Price Index (CPI) by the National Bureau of Statistics (NBS). The latest inflation figures show that Ekiti recorded the highest year-on-year inflation rate among all states, surpassing
Abuja, Nigeria | September 8, 2025 An economist has urged the Central Bank of Nigeria (CBN) to maintain caution on its benchmark Monetary Policy Rate (MPR), warning that any premature relaxation could undermine efforts to rein in inflation. The caution comes as fresh inflation data continues to show significant volatility, with prices of food and
Abuja, Nigeria — August 15, 2025 | Nigeria’s inflation rate eased to 21.88% in July 2025, down from 22.22% recorded in June, according to the latest figures released by the National Bureau of Statistics (NBS). The marginal decline marks the second consecutive month of easing inflation, raising cautious optimism among economists and policymakers that recent
Abuja, July 18, 2025 — Nigeria’s recent decline in inflation has created room for the Central Bank of Nigeria (CBN) to consider a more cautious approach to monetary policy easing, analysts have observed. The National Bureau of Statistics (NBS) on Wednesday reported that headline inflation dropped to 22.22% in June 2025, marking a second consecutive
ABUJA – July 17, 2025 Nigeria’s annual inflation rate declined to 22.22% in June 2025, marking a marginal but notable easing from the 23.24% recorded in May, according to new data released by the National Bureau of Statistics (NBS). The report, which offers cautious optimism, indicates a slowdown in the rate at which prices of
Nigeria’s inflation rate has dropped to 22.97% in May 2025, marking a notable decline from the 23.40% recorded in April, according to the latest data released by the National Bureau of Statistics (NBS). The NBS report, published on Saturday, highlights a gradual easing of inflationary pressures across the country. This decline, though modest, is being
