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Inflation in Nigeria

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FG domestic borrowing hits N8.1tn in Q1 2026

FG domestic borrowing reached N8.1 trillion in the first quarter of 2026, a 7.4 percent year-on-year rise that already overshoots the quarterly benchmark the 2026 Appropriation Act implies.
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Manufacturing sector taxes climb to N2.05tn in 2025

Nigeria's manufacturing sector contributed N2.05 trillion in total taxes in 2025, with VAT and Company Income Tax both posting double-digit gains, according to the National Bureau of Statistics.
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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.
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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
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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.
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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.
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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.
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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

FG domestic borrowing hits N8.1tn in Q1 2026

FG domestic borrowing reached N8.1 trillion in the first quarter of 2026, a 7.4 percent year-on-year rise that already overshoots the quarterly benchmark the 2026 Appropriation Act implies.
News

Manufacturing sector taxes climb to N2.05tn in 2025

Nigeria's manufacturing sector contributed N2.05 trillion in total taxes in 2025, with VAT and Company Income Tax both posting double-digit gains, according to the National Bureau of Statistics.
News

Flood swamps Lagos primary school as pharma company’s canal project leaves children out of class

A pharmaceutical company's construction project has blocked a Lagos canal, flooding a primary school and keeping hundreds of children out of class.
News

SDP’s Adebayo confirms 2027 presidential bid, warns Nigeria is drifting toward one-man rule

SDP leader Prince Adewole Adebayo has confirmed a 2027 presidential run and warned that Nigeria risks one-man rule, not a one-party state.