Nigeria’s inflation rate may be slowing, but the latest figures show that households and businesses in the country’s major commercial centres are facing very different levels of price pressure. While Lagos records the highest yearly inflation, Rivers posts the fastest monthly price increase, and Kano shows the lowest yearly rate among the three despite a …
Nigeria’s headline inflation rate fell marginally to 15.39 per cent in August 2026 from 15.43 per cent in July, as slower increases in food and other consumer prices continued to ease pressure on households. The latest National Bureau of Statistics (NBS) released on Tuesday shows that the rate also dropped sharply from 23.14 per cent …
Nigeria's headline inflation rate eased slightly to 15.91 per cent in June 2026, but food prices accelerated sharply during the month. This underscores the continued pressure on household budgets despite broader signs of easing price growth. In its latest Consumer Price Index (CPI) report released on Wednesday, June 15, the National Bureau of Statistics (NBS) …
The Chief Executive Officer of the Centre for the Promotion of Private Enterprise (CPPE), Dr Muda Yusuf, has called on the government to focus on tackling the structural factors driving inflation in Nigeria rather than relying solely on monetary policy measures. He made the call on Monday in a policy brief on the country's inflation …
The Centre for the Promotion of Private Enterprise (CPPE) has warned against further monetary tightening by the Central Bank of Nigeria (CBN), saying Nigeria’s inflation challenge is being driven largely by structural and supply-side factors that higher interest rates alone cannot solve. The CPPE Chief Executive Officer, Dr Muda Yusuf, who is a renowned economist, …
Nigeria’s headline inflation rose to 15.69 per cent in April, up from the 15.38 per cent recorded in March. This was confirmed in the April 2026 Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS) on Friday. This marks the second consecutive monthly increase, reversing the extended disinflationary trend seen over …
Nigeria’s inflation rate rose slightly to 15.38 per cent in March from 15.06 per cent recorded in February, as a sharp jump in prices within the month heightened concerns about the cost of living. The latest figures were released by the National Bureau of Statistics on Wednesday. Despite the uptick, inflation remains significantly lower than …
The Centre for the Promotion of Private Enterprise (CPPE) has warned that rising petrol prices, driven by global oil shocks, could reverse Nigeria’s fragile progress in slowing inflation, calling for urgent government action to cushion the impact on households and businesses. In its February 2026 inflation brief issued by its Chief Executive Officer, Muda Yusuf, …
Nigeria’s headline inflation rate declined slightly to 15.06 per cent in February 2026, indicating a continued but gradual easing of price pressures across the economy. Data released on Monday by the National Bureau of Statistics (NBS) showed the rate slipped by 0.04 percentage points from 15.10 per cent recorded in January. Although marginal, the drop …
The Centre for the Promotion of Private Enterprise (CPPE) has raised concerns over the credibility of recent changes to Nigeria’s Consumer Price Index (CPI) computation, warning that adjustments to the methodology may be weakening confidence in official inflation data. The Centre made this known in its policy brief on Nigeria’s December 2025 inflation released on …
