Nigeria’s headline inflation is expected to drop to 15.48 per cent in November but to spike over 30 per cent in December. United Capital Research forecasts this in its ‘Inflation Watch’ report released on Wednesday, November 3. The anticipated moderation will be driven by a slight reduction in the prices of selected food items and …
Nigeria's Gross Domestic Product (GDP) grew by 3.98 per cent year-on-year in real terms in the third quarter (Q3) of 2025. The National Bureau of Statistics (NBS) revealed this in its latest data released on Monday, December 1. The report shows that GDP grew slightly relative to the 3.86 per cent recorded in the same …
Nigeria’s headline inflation eased to 16.05 per cent in October relative to 18.02 per cent in September 2025, according to the latest report by the National Bureau of Statistics (NBS). The statistics office disclosed this in its monthly Consumer Price Index (CPI) report released on Monday, November 17. This is the seventh consecutive time headline …
Nigeria’s headline inflation rate eased further to 18.02 per cent in September. The National Bureau of Statistics (NBS) announced this in its latest monthly Consumer Price Index (CPI) report released on Wednesday, October 15. The CPI report shows that headline inflation dropped to 18.02 per cent year-on-year in September from 20.12 per cent in August. …
As Nigeria celebrated its 65th Independence anniversary on Wednesday, parades, fireworks, and official speeches hailing signs of economic recovery, but residents of the FCT insist the numbers do not reflect their everyday struggles The National Bureau of Statistics (NBS) reported that headline inflation had “slowed modestly”, with food inflation showing its first signs of easing …
Nigeria’s Gross Domestic Product (GDP) grew by 4.23 per cent on a year-on-year basis in real terms in the second quarter (Q2) of the year. The National Bureau of Statistics (NBS) revealed this in its second-quarter report released on Monday, September 22. The report shows the growth rate is higher than the 3.48 per cent …
Following the recent report of the consumer price index (CPI), the Special Adviser to the President on Economic Matters, Tope Fasua, believes Nigeria’s headline inflation is headed towards a single-digit figure. Fasua, who appeared on Channels Television’s Morning Brief on Tuesday, September 16, expressed optimism that the continued drop in inflationary pressure would translate to …
Nigeria’s headline inflation rate continued its downward trend for the fifth consecutive month, easing to 20.12 per cent in August 2025 from 21.88 per cent recorded in July. This represents a 1.76 percentage point decline, according to the Consumer Price Index (CPI) report released on Monday by the National Bureau of Statistics (NBS). The sustained …
Nigeria recorded a ₦7.46 trillion trade surplus in the second quarter (Q2) of the year, according to the National Bureau of Statistics (NBS). It revealed this in its latest foreign trade report released on Friday, September 12. The report shows that Nigeria’s total export of ₦22.75 trillion was higher than its imports of ₦15.28 trillion, …
Nigerian private sector business recorded a four-and 19-month high in output and new orders, respectively, in August, but the manufacturing sector remained subdued. The sector is among the four broad sectors, including agriculture, construction, and services, that Stanbic IBTC Bank tracks in its monthly Purchasing Managers Index (PMI) report. The latest report, released on Monday, …
