The average retail price for refilling a 5kg cylinder of Liquefied Petroleum Gas (cooking gas) rose by 7.69% month-on-month, increasing from N7,322.49 in March 2025 to N7,885.60 in April 2025.
The average retail price paid by consumers for Premium Motor Spirit (PMS), commonly known as petrol, rose to...
The fundamentals of the Nigerian currency have improved amid lower headline inflation readings and ongoing reforms by the Central Bank of Nigeria (CBN) aimed at boosting foreign exchange (FX) remittances.
Nigeria’s inflation rate eased to 23.71% in April 2025, down from 24.23% recorded in March.
Nigeria’s inflation rate is projected to average 22.1% in 2025 as the Central Bank’s tight monetary stance begins to anchor inflation expectations and restore confidence in macroeconomic management.
Naira weakened in the official market while Nigeria's headline inflation readings rose to a three-decade high in May, worsening the naira's fortunes in the short term
The naira clawed back some of its losses against the dollar amid prospects for rate cuts in the world's largest economy improved, and U.S. core inflation and weaker-than-expected inflation readings in Nigeria.
The National Bureau of Statistics (NBS) released Nigeria's monthly Consumer Price Index (CPI) report for Nigeria last week Friday, revealing a headline inflation rate of 28.2% for November 2023.
KPMG Nigeria has said that the fuel subsidy removal may likely push Nigeria’s inflation rate to about 30% for June 2023.
To address the inflationary challenges, the CBN needs to implement additional measures, including a more flexible exchange rate regime.
Nigeria’s headline inflation rate rose to 22.22% in April 2023, a 0.18% point higher than the 22.04% recorded in the previous month.
The Minister of Finance is targeting a low single-digit growth rate amidst high inflation suggesting this is a budget of stagflation.
