INFLATION WATCH – May 2025
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. This marks the second consecutive month of…
MPC HIGHLIGHT – MAY 2025
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. This marks the second consecutive hold on the Monetary Policy…
INFLATION WATCH – April 2025
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 to the National Bureau of Statistics (NBS). This 0.52…
INFLATION WATCH – March 2025
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 24.23% in March 2025 – a 1.05…
INFLATION WATCH – February 2025
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 month following…
Q4 2024 GDP Highlights
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 full year, GDP expanded by 3.40%, the fastest in three years and an improvement from…
MPC HIGHLIGHT – FEBRUARY 2025
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 parameters unchanged. This decision reflects a cautious approach amid…
INFLATION WATCH – January 2025
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 the 34.80% recorded in December 2024. This…
INFLATION WATCH – December 2024
Inflation Watch – Nigeria’s Inflation Peaks at 34.80% in December 2024 Amid Festive Demand Surge In December 2024, Nigeria’s inflation rate rose to 34.80% y/y, an increase from 34.60% in November. This marks the fourth consecutive monthly…
INFLATION WATCH – November 2024
Inflation Watch – Nigeria’s Inflation Hits 34.60% as Food and Transport Costs Soar Nigeria’s inflation rate accelerated in November 2024 to 34.60% y/y, up from 33.88% in October, marking the third consecutive monthly increase and the highest level…
