inflation in nigeria

Nigerians, particularly those in the low to middle-income bracket grappling with soaring food prices due to nationwide inflation, are experiencing a notable respite. Despite Nigeria's inflation soaring to a two-decade high of 29.90% in January 2024, recent market surveys reveal a reduction in...

In Bauchi State, a silent crisis unfolds as residents grapple with soaring food prices, leading to hunger and despair. According to reports, a small portion of potatoes has surged from 300 to 1000 naira, while the price of a bag of maize has doubled from 30,000 to 60,000 naira. Additionally, the...

As economic turmoil intensifies, the National Bureau of Statistics (NBS) released its December 2023 Consumer Price Index (CPI) on Monday afternoon, revealing a shocking surge in Nigeria's inflation rate to 28.9%. In comparison to November 2023's 28.20%, this new figure represents a significant...

A groundbreaking report by SB Morgen Intelligence, titled "Paying the Price on Health," has unearthed a concerning reality within Nigeria's healthcare landscape. Against the backdrop of economic challenges, the report forewarns that over-the-counter medications may become financially out of...

The Federal Government has taken decisive steps to address challenges in the supply and pricing of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, in the domestic market. Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, intervened in response to the surge in LPG...

Nigeria's inflation has surged to 27.33% in October 2023, a notable uptick from the previous month's 26.72%, according to the National Bureau of Statistics (NBS). This marks the tenth consecutive rise in the country's inflation rate this year, posing significant challenges for both consumers and...