The cost of tomatoes and peppers could increase in Lagos as the Tomato Crates Dealers Association of Nigeria threatens to cut the supply of tomatoes to...
In April, the global benchmark for food commodity prices ticked upwards, as declines in sugar and dairy products were outweighed by increase in meat prices, vegetable...
In Lagos, Nigeria’s economic capital and most populous state, residents are grappling with a significant housing crisis. The city, known for its robust economy and high...
“Anybody still in the bread-making business is doing so because he cannot find any other thing to do and wants to save capital. There is no...
Nigeria’s current food inflation rate stood alarmingly high at 40.1% in March 2024, as revealed by recent data by the National Bureau of Statistics (NBS). However,...
Nigeria’s current food inflation rate stood alarmingly high at 40.1% in March 2024, as revealed by recent data by the National Bureau of Statistics (NBS). However,...
Exchange rate gains during the month of April led to a slowdown in inflation pressure, according to the Stanbic IBTC Nigeria Purchasing Managers Index (PMI) in...
In the past one year, the price of food items especially staple foods has increased significantly. It has been adjudged that the increase in food prices...
For working-class Nigerians, surviving the monthly onslaught of inflation is tough. Before the International Labor Organization’s new definition of unemployment, Nigeria’s unemployed constituted nearly 40% of...
The Acting Director, of the Banking Supervision Department of the Central Bank of Nigeria (CBN), Dr Adetona Adedeji, has affirmed the bank’s decision to prioritize combating...
Inflation in key African countries is expected to slow down into next year but remain high in Nigeria due to acute flooding and a difficult terrain...
Financial analysts have warned that the recently increased electricity tariff may drive up inflation in the country and inflict more misery on the poor. Nigeria’s inflation...
Energy and other commodity prices are projected to become significant deflationary factors in the forthcoming years, according to the World Bank. This trend may pose challenges...
The average cost of making jollof rice across major cities in Nigeria nearly hit the N17,000 mark as of March 2024. The SBM Jollof Index for...
Amid the rising food inflation in Nigeria, rice prices are dropping in major markets, falling by 20-30 percent within two months. This is a relief for...
Tofe Fasua, a Special Adviser to President Bola Tinubu, has assured Nigerians that current inflationary pressures will drop like a rock. Naija News reports that this...
A new report by Save the Children has projected that one in every six children which is 15 million in Nigeria will go hungry during the...
Tofe Fasua, a Special Adviser to President Bola Ahmed Tinubu (Office of the Vice President), has assured Nigerians that the current inflationary pressures are set to...
The price of refilling 5kg Liquefied Petroleum Gas (Cooking Gas) cylinder in Nigeria stood at N6,591.62 in March 2024. According to the National Bureau of Statistics...
In the bustling heart of Lagos, 58-year-old Emeka Joshua, a retired teacher, stands at the counter of a local pharmacy. With a furrowed brow, he hesitates...
The headline inflation in March 2024 hit 33.20% relative to February 2024 which stood at 31.70%. Inflation in the country has been increasing steadily as the...
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said that the fiscal and monetary authorities are complementing each other to bring...
Naija News Federal Govt Takes Action Over Rising Prices Of Foodstuff */ .loader { width: 25px; aspect-ratio: 1; border-radius: 50%; border: 4px solid black; animation: l20-1...
The International Monetary Fund (IMF) presented its updated projections for Nigeria’s economy. Naija News reports that in its latest Economic Outlook, the IMF forecasts a gradual...
The Bishop of the Diocese of Ondo, Church of Nigeria Anglican Communion, Stephen Oni, has appealed to the Federal Government to find a lasting solution to...
In March 2024, Nigeria’s inflation surged to 33.2% as reported by the National Bureau of Statistics (NBS) in their latest data on Monday. This marks a...
The rate at which prices of goods and services rise continued to spike with inflation reaching 33.2 per cent last month, according to the latest data...
Nigeria’s inflation rate has increased to 33.2% for the month of March 2024 according to the latest data released on Monday by the National Bureau of...
The National Bureau of Statistics is set to unveil inflation figures on Monday, March 15, 2024. DAILY POST reports that NBS releases its monthly consumer prices...
Ahead of the release of Nigeria’s inflation rate for March, CAPE Economic Research and Consulting says the country’s consumer price index would increase to 32.65 per...
Analysts have predicted that Nigeria’s inflation rate will increase further above 32 per cent for the month of March. Lagos-based Financial Derivative Company (FDC), in a...
President Bola Tinubu has given his assurance to Nigerians that his administration will work towards reducing the high inflation rate and addressing the economic challenges that...
A study has shown that fuel subsidy removal, not the surge in money supply, is the major driver of Nigeria’s soaring inflation. Eric Ismail Otaokhia of...
START MAKING TOUGH SPENDING DECISIONS “Downgrade to less expensive products. Cut out subscriptions you’re not using enough…”Liz Claman, host of “The Claman Countdown” at FOX Business...
The Central Bank of Nigeria, CBN, has fixed March 25 and 26, 2024, as the dates for its 294th Monetary Policy Committee meeting amid the continued...
Nigeria’s inflation rate is anticipated to surge to 32.77 percent this month, driven by escalating food prices and harvest depletion, according to projections from Cordros Capital...
The National Bureau of Statistics (NBS) has released a list of states with the highest and lowest food inflation in Nigeria. According to the Bureau, Kogi,...
Experts have identified inflation, subsidy removal and insurgency as the major drivers of child poverty, particularly in the Northern Eastern region of Nigeria. A Social Policy...
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has pinpointed the cause of the current inflationary pressures in Nigeria to the massive...
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has blamed the current inflation in the country on printing of trillions of naira...
Report has indicated that the price of garri has increased by 108 percent in Nigeria. Naija News reports that this development is coming amidst a nationwide...
Former President Olusegun Obasanjo has urged the federal government of Nigeria under the leadership of President Bola Tinubu to seek solutions to the country’s inflation problems...
Federation of Construction Industry (FOCI) has asked the federal government to conduct a comprehensive review of existing contract templates and procurement guidelines to incorporate flexible provisions...
In one of its most audacious responses to the ravaging inflation in the country, the Central Bank of Nigeria (CBN) on Tuesday raised the Monetary Policy...
Amidst the country’s inflation, Nigerians return to the old ways of selling drinkable water in nylons called ‘iced water’ as sachet water sells for as high...
The Chief Executive Officer of the Financial Derivatives Company, Bismarck Rewane, says the Central Bank Monetary Policy Committee will have no option but to tighten interest...
Most people understand that inflation increases the price of their groceries or decreases the value of the naira in their wallet. In reality, inflation affects all...
More Podcasts Download Here Nigerians have experienced untold hardships since the subsidy removal In a bid to easy the cost of living, several reports...
Senator Ali Ndume has said the federal government is not losing out from the naira depreciation against the dollar, but rather gaining more revenue to fund...