Nigeria, CPI and inflation

Nigeria’s inflation drop reflects reality of consumption patterns — Cardoso
The Governor of the Central Bank of Nigeria, CBN, Olayemi Cardoso said Nigeria’s current Consumer Price Index is reflective of the reality of consumption patterns. Cardoso made this known on Thursday during a press briefing at the end of the 299th Monetary Policy Meeting in Abuja.
Nigeria’s inflation drops massively to 24.48% after CPI rebase
Nigeria’s inflation rate dropped massively to 24.48 percent in January 2024 from 34.80 percent in December last year after the rebased Consumer Price Index. The Statistician General, Prince Adeyemi Adeniran,
Nigeria’s inflation rate drops to 24.48% in January 2025 amid CPI rebasing
Nigeria’s headline inflation rate dropped to 24.48% year-on-year in January 2025, following the rebasing of the Consumer Price Index (CPI),
Nigeria keeps benchmark interest rate steady as inflation seen falling gradually
Nigeria's central bank left its benchmark interest rate unchanged on Thursday after six hikes last year, saying that it was reassured by stability in the foreign exchange market and saw inflation gradually falling.
Nigeria’s inflation rate falls from 34.8% to 24.48% after rebasing CPI
NBS also said that the food inflation rate fell to 26.08 per cent in January 2025 from 39.84 per cent in December 2024.
UPDATED: NBS says Nigeria’s inflation figure dropped to 24.48% after rebasing
The NBS said the food index for January 2025 was 110.03, resulting in a food inflation rate of 26.08 per cent year-on-year.
Nigeria's Inflation Rate Drops After Statistics Overhauled and Updated
The bank raised interest rates by 875 basis points last year, as inflation was driven up by President Bola Tinubu's moves to end subsidies and devalue the naira currency. Tinubu's administration hopes those reforms will shore up public finances and boost economic growth.
Nigeria’s Inflation Drops To 24.48% After CPI Rebasing – NBS
The National Bureau of Statistics (NBS) has reported that Nigeria’s inflation rate decreased from 34.8 per cent in December 2024 to 24.48 per cent in January
IT’S OFFICIAL: Nigeria’s inflation rate drops from 34.8% to 24.48% — after rebasing CPI
The National Bureau of Statistics says Nigeria’s inflation rate dropped from 34.8 percent in December 2024 to 24.48 percent in January after rebasing the consumer price index (CPI).
Nigeria's central bank keeps main interest rate unchanged
Nigeria's central bank held its benchmark lending rate at 27.50%, its governor Olayemi Cardoso said on Thursday. The decision follows six rate hikes last year totalling 875 basis points to try to get inflation under control.
Nigeria holds interest rate steady following inflation adjustments
Nigeria's central bank has kept its benchmark interest rate steady at 27.50%, according to Governor Olayemi Cardoso. ・Nigeria's central bank maintains benchmark interest rate at 27.50%. ・Inflation rate reported at 24.
allAfrica.com on MSN10d
Nigeria: CPI 2024 - Why Nigeria's Ranking Improves but Performs Below Regional, Global Average
Nigeria climbed five places to 140th spot out of 180 countries in the 2024 CPI, despite adding only one point to its score in ...
LEADERSHIP Newspaper3d
TUGAR, EFCC, Others Assess Nigeria’s Corruption Perception Index
Despite Nigeria's low ranking on the Corruption Perceptions Index (CPI) by Transparency International, anti-corruption ...
CNBC Africa2d
Analysts: Nigeria MPC to remain cautious following CPI rebasing
The Central Bank of Nigeria is likely to leave monetary policy rate at 27.5 per cent and at most cut rates by 25 basis points ...
The Punch on MSN3d
CPI rebasing could spark debt to equities shift —Experts
Experts have said that the rebasing of Nigeria’s Consumer Price Index could lead to a shift from debt instruments to equities.They noted that the adjustment, which reflects a new methodology for ...