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

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

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

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

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

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...