The International Monetary Fund (IMF) has predicted that inflation rate in Nigeria will drop to 23 per cent in 2025 with a further drop to 18...
The recent gains of Nigeria’s Naira as the best-performing currency worldwide in the last month have had little or no impact on the consumer price index...
Tanzania’s central bank raised its benchmark interest rate on Thursday to fend off persistent inflationary pressure from events in the global economy, according to the governor...
Kenya’s statistics office has revealed that the inflation rate in the country fell in March compared with a month earlier, driven by falling prices of some...
Nigerian government has rejected the option of the importation of food as part of strategies to address the high cost of foodstuffs and the economic hardship...
Due to the country’s currency falling (Naira) to record lows and skyrocketing food prices, Nigeria’s inflation rate surged further in January to hit 29.90% annually. ...
President Bola Tinubu on Sunday pleaded again with Nigerians to give his administration a little more time and exercise patience as he is “committed to bringing...
Olayemi Cardoso, Governor of the Central Bank of Nigeria, stated on Wednesday that the bank wanted to see the country’s naira strengthen and inflation drop to...
Food prices spiked in December, making inflation in Nigeria the worst it has been in over 27 years. This exacerbated the country’s cost-of-living crisis and increased...
Nigeria’s inflation has been predicted to slow down in 2024, according to Gabriel Idahosa, President of the Lagos Chamber of Commerce and Industry. In an interview,...