Manufacturers are spending more on the acquisition of technologies, equipment, capital work in progress, and facilities, signaling ...

In 2024, the National Bureau of Statistics (NBS) commenced efforts to rebase the Nigerian economy. The rebasing would impact ...

On Thursday, the Central Bank of Nigeria’s (CBN) governor, Olayemi Cardoso, stated that the central bank’s goal is to reduce ...

The Central Bank of Nigeria (CBN) has set its sights on reducing inflation to a single digit in the medium to long term, following the recent rebasing of the Consumer Price Index (CPI) and subsequent ...

The CBN Governor announced the decision on Thursday, stating all parameters were unanimously held as committee assessed the ...

The Governor of the Central Bank of Nigeria, CBN, Olayemi Cardoso said Nigeria’s current Consumer Price Index is reflective ...

The CBN has raised interest rates by a cumulative 16 percentage points since 2022 to curb decades-high inflation and ...

Nigeria's central bank left its benchmark interest rate unchanged on Thursday after six hikes last year, saying that it was ...

The review added that “On a yearly basis, Nigeria’s CPI score fell slightly from 26 in 2019 to 25 in 2020. It fell further to 24 in 2021. The country’s score remained unchanged in 2022 before ...

Nigeria’s inflation rate dropped massively to 24.48 percent in January 2024 from 34.80 percent in December last year after ...