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Nigeria inflation

News

Abuja Land Owners Get Two Weeks Final Ultimatum To Pay C Of O

Landowners in Abuja must pay their Cof O bills by January 3 or they lose plots.

December 21, 2024

Business

FCT-IRS Exceeds ₦250 Billion Tax Revenue Target for 2024

FCT-IRS generated ₦252 billion in 2024, surpassing its target with reforms and future plans focusing on new revenue streams

December 21, 2024

News

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.

December 2, 2024

News

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.

October 11, 2024

Business

Nigeria’s Inflation Rate Falls to 32.15 Percent in August 2024

Nigeria's inflation rate eased to 32.15 percent in August 2024, reflecting a slowdown for the second consecutive month despite high food inflation

September 17, 2024

Society

Food Prices Double, Protests Escalate: Nigeria’s Cost of Living Crisis Hits Hard

Nigeria faces its worst cost of living crisis in decades, with inflation soaring, food prices rising, and protests erupting over government reforms

September 11, 2024

News

Nigeria’s Inflation Climbs to 34.19% in June, Driven by Food Prices

Nigeria's inflation rate rose to 34.19% in June, driven by rising food prices. This significant increase poses serious concerns for the economy and citizens.

July 16, 2024

News

More Naira, Less Value: Inflation Erodes ₦7.6 Trillion in Consumer Spending

Inflation in Nigeria has wiped out ₦7.6 trillion in consumer spending, highlighting severe economic challenges and declining purchasing power for households

June 19, 2024

News

CBN Hikes Interest Rate to 26.25%, OPS Protests

The Central Bank of Nigeria raises the MPR to 26.25%, aiming to curb inflation but sparking concerns among businesses about higher borrowing costs.

May 22, 2024

News

Nigeria Battles Soaring Food Prices, Experts Warn Against Price Controls

Amidst Nigeria's alarming food inflation, experts caution against price controls, advocating for strategies to enhance supply and stabilize the economy sustainably.

March 17, 2024

News

Inflation Hits Nearly 30%, Highest Since 1996

Nigeria's inflation rate reaches nearly 30% amid skyrocketing food prices and currency devaluation. Government faces mounting pressure to stabilize economy and alleviate financial strain on households.

February 16, 2024

Business