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inflation

GTCO’s Agbaje built a bank he barely owns

Guaranty Trust Holding Company posted profit before tax of N1.23 trillion and declared its most generous dividend since listing for 2025, giving CEO Segun Agbaje a N410 million gross payout.

World Bank approves $500m for Nigeria smallholder farmers

The World Bank has approved $500 million in Nigeria agriculture funding through its International Development Association arm, backing the AGROW project to boost smallholder productivity, strengthen market linkages and improve food security.

CBN Cuts Interest Rate to 26.5% as Inflation Eases

KEY POINTS The CBN reduced its benchmark interest rate from 27% to 26.5%, signaling...

Nigeria’s Inflation Rate Dips Slightly to 15.1%

KEY POINTS Nigeria’s inflation rate edged down to 15.1 percent in January 2026, showing...

Nigeria Inflation Eases to 15.15% in December as NBS Revises Methodology

KEY POINTS Nigeria headline inflation slowed to 15.15 percent in December 2025, reflecting a...

Economy: Experts Question Federal Government’s Positive Assessment

Analysts say Nigeria’s economic gains are largely on paper, with macro improvements yet to translate into real relief for citizens. Experts urge targeted reforms for inclusive growth.

CANMPEF Warns Inflation, Taxes Threaten Industrial Growth

CANMPEF warns inflation, taxes, and forex issues threaten Nigeria’s industrial stability despite modest growth in 2024.

Food Imports Surge 45% as Local Production Struggles to Keep Up

Nigeria’s food imports jumped 45% in H1 2025 as insecurity and weak agricultural output hurt local production capacity.

Nigeria’s Inflation Crisis Pushes Workers and Employers to the Edge

Nigeria’s inflation crisis is eroding wages and threatening jobs, NECA warns, urging government action to stabilize businesses and protect workers.

Silent Profiteers: How Nigeria’s Inflation Crisis is Making the Rich Richer

KEY POINTS Nigeria’s inflation crisis is enriching politically connected importers, wholesalers, and landlords who...

The Quiet Exodus: Why Nigeria’s Middle Class is Trading City Lights for Rural Living

KEY POINTS Rising inflation, insecurity, and urban stress are driving middle-class Nigerians to relocate...

The Owambe Economy: Celebrating Through Crisis in an Era of Soaring Inflation

KEY POINTS Despite soaring inflation, Nigeria’s owambe celebrations remain widespread, with families spending millions...

Five Nigerian Cities Experiencing the Fastest Rising Cost of Living in 2025

KEY POINTS Lagos, Abuja, Port Harcourt, Uyo, and Jos are the top five Nigerian...

Nigeria’s Inflation Rate Declines to 23.71% in April

KEY POINTS Nigeria's annual inflation rate decreased to 23.71% in April 2025 from 24.23%...

Latest articles

GTCO’s Agbaje built a bank he barely owns

Guaranty Trust Holding Company posted profit before tax of N1.23 trillion and declared its most generous dividend since listing for 2025, giving CEO Segun Agbaje a N410 million gross payout.

World Bank approves $500m for Nigeria smallholder farmers

The World Bank has approved $500 million in Nigeria agriculture funding through its International Development Association arm, backing the AGROW project to boost smallholder productivity, strengthen market linkages and improve food security.

Detained Nigeria coup officers’ families protest at NASS

Scores of children and wives of military officers detained over an alleged Nigeria coup plot staged a peaceful protest at the National Assembly on Wednesday, demanding a speedy trial or the release of their loved ones.

CBN closes bank recapitalization with N4.65trn fresh capital

The Central Bank of Nigeria has concluded the Nigeria bank recapitalization programme, with 33 deposit money banks raising a combined N4.65 trillion in fresh capital over 24 months.