Amid rising inflation, employment pressures, and ongoing fiscal and monetary reforms, central banks across Africa have responded in 2025 with decisive policy adjustments, most notably through interest rate changes. In ...
The World Bank projects that Nigeria's inflation rate will average 22.1% in 2025, attributing this anticipated decline to the Central Bank of Nigeria's (CBN) sustained tight monetary policies aimed at ...
Members of the Organised Private Sector (OPS) have raised concerns that Nigeria’s rising inflation could derail expectations of a long-awaited interest rate cut by the Central Bank of Nigeria (CBN). ...
Nigeria's inflation rate has continued its downward trend for the second consecutive month, dropping to 23.18% in February 2025 from 24.48% in January, according to the latest report from the ...
Nigeria’s Gross Domestic Product (GDP) recorded a 3.84% growth rate in the fourth quarter of 2024, according to the latest report released by the National Bureau of Statistics (NBS) on ...
Nigeria's inflation rate eased to 33.4% in July, a decrease of 0.79 percentage points from June's 28-year high of 34.19%, according to the National Bureau of Statistics (NBS). The Consumer ...
Nigeria faces potential inflationary pressures as the country's money supply (M3), which represents the total money within the economy, surged to an unprecedented ₦101.34 trillion in June 2024. Recent data ...
Yesterday, the International Monetary Fund revised its 2024 economic growth forecast for Nigeria downward to 3.1 percent, citing weaker growth in the first quarter of the year, Q1'24. This updated ...
The ongoing surge in prices of goods and services, coupled with the naira's further depreciation, is projected to push inflation above 34 percent in May 2024, marginally higher than April's ...
The governor of the Central Bank of Nigeria, Olayemi Cardoso, has said that the members of the Monetary Policy Committee would do whatever is necessary to get a handle on ...
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