KEY POINTS Edo State raises minimum wage to ₦75,000, exceeding rates in Lagos and...

KEY POINTS Nigeria's inflation accelerates to 24.23% in March, with food prices rising 21.79%...

KEY POINTS  Nigeria’s inflation rate dropped to 23.18% in February 2025, down from 24.48%...

Nigeria's inflation battle intensifies as the MPC meets to decide on measures to curb rising prices. Key areas include interest rates, currency stability, and food security.

High food prices in Nigeria are placing significant strain on household incomes, exacerbating economic challenges across the country.

Nigerians are feeling the pinch of rising prices, and the Central Bank is taking decisive action. Governor Dr. Olayemi Cardoso reaffirmed the Monetary Policy Committee's (MPC) commitment to keeping interest rates high to combat inflation. This comes after two significant interest rate hikes in 2024, pushing the benchmark lending rate to a record 24.75%.

Despite the recent strengthening of Nigeria's currency, the Naira, against the US dollar, many...

The Nigeria Labour Congress (NLC) has warned that it may push for a new...

Kano, Nigeria - The Kano State Public Complaints and Anti Corruption Commission has seized...

The Federal Government of Nigeria has announced a series of measures to address the...

Nigeria struggles with economic instability, facing inflation, currency issues, and fiscal deficits, as the government seeks ways to navigate the crisis.

Nigeria, Africa's largest economy, is facing a paradox. On one hand, the government has...