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Inflation in Nigeria

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Finance Ministry, contractors clash again over outstanding debt

Nigeria's Finance Ministry says it processed N700bn to 1,240 local contractors, but protesting members of AICAN insist most of them have received no payment.
Politics

Xenophobia: Nigeria weighs sanctions against South Africa

Nigeria says it is weighing sanctions against South Africa over renewed xenophobic attacks on Nigerians, warning that a review of bilateral privileges is not off the table.
News

Tinubu’s Economic Reforms Under Fire as Labour Slams Scorecard

Labour unions say Tinubu’s economic reforms have worsened hardship, citing inflation, insecurity, and failed promises after two years in office.
News

Nigeria 2025: Deepening Poverty and Economic Hardship

Budget short falls, inflation and a decline in manufacturing is what the economic experts foresee this year, 2025, which shall be deeper poverty for the average Nigerian
News

Nigeria’s Economy Deemed ‘Dysfunctional,’ Failing to Meet the Needs of 220 Million Citizens

Nigeria’s economy is deemed dysfunctional, with experts warning that poor governance, inflation, and unemployment are preventing it from serving its 220 million citizens effectively.
News

Nigerian Banks Hire More Staff, Double Wage Bills Amid Rising Inflation

Nigerian banks are doubling their wage bills and increasing staff in response to inflation, with First Bank’s personnel expenses rising 45% as operational costs soar.
Business

Inflation’s Grip on Nigeria’s Airline Industry: Navigating Turbulent Skies

Nigeria's airline industry is grappling with soaring inflation, fuel costs, and declining revenues. Find out the challenges and explore potential solutions for recovery.
Business

Moderating Inflation: How Harvest Season Eases Pressure Amid Fuel Price Hikes in Nigeria

Nigeria’s inflation rate eased to 32.15% in August 2024, thanks to the harvest season. However, fuel price hikes continue to pose a threat to stability.
News

Nigeria Ranks 5th Among African Nations Hit Hardest by Cost of Living Crisis

Nigeria ranks fifth among African countries hardest hit by the cost of living crisis, with inflation, currency devaluation, and supply chain disruptions driving up the prices of essential goods and services.
News

Nigerian Families Grapple with Triple Economic Crisis

In a season of triple shocks, Nigerian families are battling to contain an escalating...

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News

Finance Ministry, contractors clash again over outstanding debt

Nigeria's Finance Ministry says it processed N700bn to 1,240 local contractors, but protesting members of AICAN insist most of them have received no payment.
Politics

Xenophobia: Nigeria weighs sanctions against South Africa

Nigeria says it is weighing sanctions against South Africa over renewed xenophobic attacks on Nigerians, warning that a review of bilateral privileges is not off the table.
News

Agriculture records 3.15 percent GDP growth to N11.87trillion in first quarter

Nigeria's agricultural sector grew 3.15 percent year-on-year to N11.87trn in the first quarter of 2026, with crop production leading the gains at N8.9trn, the NBS says.
News

Nigeria among world’s most expensive countries for airline operations, says IATA

IATA has named Nigeria one of the world's most expensive countries for airline operations, blaming high taxes and charges that keep local carriers from competing.