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Nigeria inflation

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Vandals strip Lagos-Ibadan Longbridge of solar streetlights, raising fears of night attacks on motorists

Vandals have stripped the Lagos-Ibadan Longbridge of nearly all its solar streetlights, leaving only about 20 standing and raising fears of renewed night attacks on motorists.
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Dangote picks power over steel with a $10 billion bet on Africa’s grid

Aliko Dangote says his group will invest more than $10 billion in electricity across Africa within four years, possibly cancelling its steel ambitions to fund it.
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CBN Holds Benchmark Interest Rate at 27 Percent

The Central Bank of Nigeria has held its benchmark rate at 27 percent, keeping pressure on inflation while signaling caution on economic risks.
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Nigerian Treasury Bills Yield Climbs Above Inflation

Nigerian Treasury bills yield climbs above inflation as investors position for a major auction and markets anticipate softer monetary policy.
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Nigerian Bonds Yield Drops as Inflation Slows

Nigerian bonds yield dropped to 15.46 percent as disinflation encourages investor demand, with real interest rates rising and long-term debt instruments attracting strong interest.
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Nigeria’s Inflation Drop Fails to Ease Household Pressures – CPPE

Nigeria’s inflation slowdown offers minimal household relief as structural inflation pressures persist, according to CPPE, which warns deeper reforms are urgently required.
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World Bank Dismisses Nigeria’s Single-Digit Inflation Target

The World Bank says Nigeria’s single-digit inflation target is unrealistic given structural deficits and volatile food and currency markets.
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Breaking: CBN Cuts Monetary Policy Rate to 27% Amid Inflation Concerns

CBN lowers benchmark interest rate to 27 percent, signaling a potential shift in monetary policy amid easing inflation concerns.
Business

Nigeria’s Inflation Set to Decline to 26 percent in 2025 – PwC

According to PwC projections for 2025 Nigeria's inflation rate should reach 26% while GDP growth remains modest and exchange rates stabilize.
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Nigerians Are Suffering, Bode George Slams Tinubu’s Policies

Nigeria’s economic woes are worsening and hunger and inflation are rising, veteran politician Bode George accuses Tinubu.
Business

Nigeria’s Inflation Hits 34.6 percent Amid Soaring Food Prices

Nigeria’s growing cost of living reaches 34.6 percent, as food prices soar, subsidy removal takes effect.
Business

Nigeria’s Inflation to Hit 34.64% as Cost Pressures Mount

Nigeria's inflation is forecast to hit 34.64%, driven by food prices, cost pressures, and sticky core inflation, according to Financial Derivatives analysts
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Impact of Inflation on Small Business Owners in Nigeria

Inflation is affecting small businesses in Nigeria, from rising costs to reduced profits. Learn how entrepreneurs are adapting to survive in tough times.
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Reps Urge Federal Government to Review Multiple Taxation Policies

The House of Representatives has called for a review of Nigeria’s tax policies to reduce multiple taxes and financial strain on citizens, urging alternative revenue strategies.
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Vandals strip Lagos-Ibadan Longbridge of solar streetlights, raising fears of night attacks on motorists

Vandals have stripped the Lagos-Ibadan Longbridge of nearly all its solar streetlights, leaving only about 20 standing and raising fears of renewed night attacks on motorists.
News

Dangote picks power over steel with a $10 billion bet on Africa’s grid

Aliko Dangote says his group will invest more than $10 billion in electricity across Africa within four years, possibly cancelling its steel ambitions to fund it.
News

CNG rollout: States race to cut transport fares before Oct. 1 as queues and N1 million conversion costs bite

Nigerian states are racing to cut transport fares through CNG before Oct. 1, but long queues and conversion costs of up to N1 million are slowing operators.
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Nigeria flood alert: 8,000 communities and 4,500 schools in 15 states at risk this week

Nigeria's hydrological agency warns that more than 8,000 communities and 4,500 schools across 15 states face flooding between Sept. 19 and 25 as rivers rise.