Nigeria, inflation

Nigeria's inflation rate drops after statistics overhauled and updated
Nigeria's annual inflation rate stood at 24.48% in January, the statistics agency said on Tuesday, well down from the previous month's figure after the country's price index was rebased for the first time in more than a decade.
Nigeria’s inflation rate drops to 24.48% in January 2025 amid CPI rebasing
Nigeria’s headline inflation rate dropped to 24.48% year-on-year in January 2025, following the rebasing of the Consumer Price Index (CPI),
Nigeria’s inflation drop reflects reality of consumption patterns — Cardoso
The Governor of the Central Bank of Nigeria, CBN, Olayemi Cardoso said Nigeria’s current Consumer Price Index is reflective of the reality of consumption patterns. Cardoso made this known on Thursday during a press briefing at the end of the 299th Monetary Policy Meeting in Abuja.
Nigeria keeps benchmark interest rate steady as inflation seen falling gradually
Nigeria's central bank left its benchmark interest rate unchanged on Thursday after six hikes last year, saying that it was reassured by stability in the foreign exchange market and saw inflation gradually falling.
Nigeria holds interest rate steady following inflation adjustments
Nigeria's central bank has kept its benchmark interest rate steady at 27.50%, according to Governor Olayemi Cardoso. ・Nigeria's central bank maintains benchmark interest rate at 27.50%. ・Inflation rate reported at 24.
CBN retains Nigeria’s interest rate at 27.50% amid inflation drops
The Central Bank of Nigeria Monetary Policy Committee has retained the country’s interest rate at 27.50 percent in January, the same rate as in November last year amid inflation drops. It also retained the Cash Reserve Ratio,
businessday8d
Nigeria’s economic reset: Enhancing data credibility
Nigeria’s economic journey has been heavily shaped by its historical dependence on oil exports. Since the discovery of oil in ...
The Punch on MSN8h
NOA chief defends Tinubu’s economic overhaul
The Director General of the National Orientation Agency, Lanre Issa-Onilu, has assured Nigerians that President Bola Tinubu’s Renewed Hope Agenda will transform the nation into a country admired by ...
Is Nigeria in danger of a coup? What the country should do to avoid one – political analyst
The sociopolitical and economic conditions that led to coups in other countries in west Africa are present in Nigeria.
businessday1d
Nigeria depletes foreign reserves by $2bn YtD to $38.88bn
Nigeria's gross foreign currency reserves have depleted by $2bn since this year, BusinessDay check on the reserves movement ...
LEADERSHIP Newspaper14h
JUST-IN: CBN Keeps Interest Rates Unchanged
In a decisive move to maintain economic stability, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) ...
allAfrica.com on MSN2d
Nigeria: Manufacturer's Capacity Utilisation, Production Volume, Investment Decline in Q4
A survey conducted by the Manufacturers Association of Nigeria (MAN) has revealed worsening impacts of the macroeconomic environment on the manufacturing sector in the fourth quarter (Q4), 2024.
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Nigeria Sues Crypto Exchange Binance for $81.5 Billion Following Hostage Crisis: Reuters
Nigerian officials are seeking billions of dollars in damages after Binance allegedly hurt their country’s economy and failed ...