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...

Nigeria’s manufacturers are struggling to cope with the effects of the government’s economic reforms,...

Nigeria’s newly appointed central bank governor, Olayemi Cardoso, has vowed to curb the soaring...

Non-oil sector's 94.52% contribution leads Nigeria's Q3 economic growth.

Nigeria’s inflation rate has risen for the 10th consecutive month, reaching 27.33% in October,...