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Inflation in Nigeria

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Army, police deploy drones to search Kogi forests for kidnap victims along Okene-Auchi Road

The Kogi State Police Command and the Nigerian Army have launched a joint forest search for kidnap victims along the Okene-Auchi Road, deploying drones and tactical teams across suspected hideouts.
News

CBN, NDDC, NUPRC snub Senate committee probing NEITI oil and gas audit reports

The Central Bank of Nigeria, NDDC and the Nigerian Upstream Petroleum Regulatory Commission have ignored Senate summons over NEITI oil and gas audit reports covering three years.
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.
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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
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.
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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.
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.
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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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Army, police deploy drones to search Kogi forests for kidnap victims along Okene-Auchi Road

The Kogi State Police Command and the Nigerian Army have launched a joint forest search for kidnap victims along the Okene-Auchi Road, deploying drones and tactical teams across suspected hideouts.
News

CBN, NDDC, NUPRC snub Senate committee probing NEITI oil and gas audit reports

The Central Bank of Nigeria, NDDC and the Nigerian Upstream Petroleum Regulatory Commission have ignored Senate summons over NEITI oil and gas audit reports covering three years.
Politics

INEC Extends 2027 Nomination Deadline, Suspends Physical PVC Collection in Osun

KEY POINTS INEC moved the 2027 candidate-submission deadline to August 11. Physical PVC collection...
News

Sanwo-Olu Inspects Vandalised Bridge on Lagos-Badagry Expressway, Assures Motorists of Safety

KEY POINTS Sanwo-Olu inspected the vandalised bridge at Vin-Niger on the Lagos-Badagry Expressway. The...