Category: Macroeconomic Update

Rebased GDP Data: Nigeria Economy Kick-Start 2025 on Promising Note Amidst Mixed Sector Performance Nigeria’s economy grew by 3.13% YoY in Q1 2025, higher than the 2.27%growth recorded in Q1…

Inflation Watch – Nigeria’s Inflation Falls to 22.22% in June, Third Monthly Drop Nigeria’s inflation rate declined for the third consecutive month in June 2025, settling at 22.22% y/y. This…

Inflation Watch – Nigeria’s Inflation Dips to 22.97% in May Nigeria’s inflation cooled further in May 2025, with the headline inflation rate falling to 22.97%, down from 23.71% in April.…

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) held its 300th meeting on May 19–20, 2025, and unanimously decided to retain all monetary policy parameters unchanged.…

Inflation Watch – Base Effect, Lower Food Costs Pull Nigeria’s Inflation Down to 23.71% Nigeria’s headline inflation rate fell to 23.71% in April 2025, down from 24.23% in March, according…

Inflation Watch – NBS Reports 24.23% Inflation in March, Signaling Renewed Price Pressures The National Bureau of Statistics (NBS) reported a concerning rise in Nigeria’s inflation rate, which climbed to…

Inflation Watch – Nigeria’s Inflation Rate Continues Downward Trend, Reaches 23.18% in February Nigeria’s headline inflation decreased to 23.18% in February 2025, continuing its downward trend for the second consecutive…

Nigeria’s Economic Growth Accelerates in Q4 2024 Amid Sectoral Shifts Nigeria’s economy grew by 3.84% YoY in Q4 2024, up from 3.46% in Q4 2023 and Q3 2024. For the…

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) held its first meeting for 2025 on February 19–20, 2025 and unanimously voted to retain all monetary policy…

Inflation Watch – Rebased CPI Drives Nigeria’s Inflation Down to 24.48% in January 2025 In January 2025, Nigeria’s headline inflation rate fell to 24.48% year-on-year (y/y), a notable decrease from…