Search
Login
North Africa
Central Africa
East Africa
West Africa
Southern Africa

Nigeria’s Inflation Resumes Upward Climb, Clouding Outlook for Rate Cuts and 2025 Budget Goals

Subscriber only Subscriber only
Allen dreyfus Logo
© Allen Dreyfus

Dulue Mbachu

Dulue Mbachu, an experienced journalist, covers business and politics for Allen Dreyfus.

• March inflation rose to 24.23%, ending two-month easing streak
• Rate cut hopes fade as Central Bank faces pressure amid oil revenue shortfalls

Abuja, Nigeria – Nigeria’s inflation rate jumped to 24.23% in March from 23.18% in February, reversing a two-month decline and narrowing the path for monetary easing amid mounting macroeconomic pressures.

You need an active subscription to continue reading this article.

Free Trial

Recent Business

Luanda, Angola Photo @ Unsplash
Angola cuts rates as inflation eases, oil risks loom
18/09/2025
1 hour ago
Justice Nwafor
Read More »
Investors trading cryptocurrency on Binance. Photo @ Unsplash
Nigeria, South Africa drive Africa’s $205bn crypto boom
18/09/2025
3 hours ago
Justice Nwafor
Read More »
Dr Johnson Asiama, Governor of the Bank of Ghana @ Facebook/BoG
Ghana cuts rates to 21.5% as inflation slows to four-year low
17/09/2025
19 hours ago
Joshua Worlasi Amlanu
Read More »
Stay ahead with Real time Updates

Recent Politics

Steel factory. Photo by Peter Herrmann @ Unsplash
Nigeria’s steel dreams still idle after billions spent
16/09/2025
2 days ago
Ruth Tene
Read More »
Youths in Nigeria protest against brutalities Photo by Ayoola Salako @ Unsplash
Nigeria inflation slows to 20.12% in August, fuelling rate cut hopes
15/09/2025
2 days ago
Dulue Mbachu
Read More »
Nairobi, Kenya © Unsplash
Kenya-Somalia tensions threaten vital khat trade
12/09/2025
5 days ago
Wanderi Kamau
Read More »

Latest Posts

Latest news insights

Luanda, Angola Photo @ Unsplash
Read More »
Angola cuts rates as inflation eases, oil risks loom
Investors trading cryptocurrency on Binance. Photo @ Unsplash
Read More »
Nigeria, South Africa drive Africa’s $205bn crypto boom
Dr Johnson Asiama, Governor of the Bank of Ghana @ Facebook/BoG
Read More »
Ghana cuts rates to 21.5% as inflation slows to four-year low
Gold mine. Photo by Ricardo Gomez Angel @ Unsplash
Read More »
South Africa’s mining rebounds 4.4% in July on iron ore, PGMs
Investors trading cryptocurrency on Binance. Photo @ Unsplash
Read More »
Nigeria, South Africa drive Africa’s $205bn crypto boom
Dr Johnson Asiama, Governor of the Bank of Ghana @ Facebook/BoG
Read More »
Ghana cuts rates to 21.5% as inflation slows to four-year low
Gold mine. Photo by Ricardo Gomez Angel @ Unsplash
Read More »
South Africa’s mining rebounds 4.4% in July on iron ore, PGMs
Addis Ababa, Ethiopia. Photo by Daniel Emale @ Unsplash
Read More »
Ethiopia secures AfDB grant to boost capital market reforms
Dr Johnson Asiama, Governor of the Bank of Ghana @ Facebook/BoG
Read More »
Ghana cuts rates to 21.5% as inflation slows to four-year low
Gold mine. Photo by Ricardo Gomez Angel @ Unsplash
Read More »
South Africa’s mining rebounds 4.4% in July on iron ore, PGMs
Addis Ababa, Ethiopia. Photo by Daniel Emale @ Unsplash
Read More »
Ethiopia secures AfDB grant to boost capital market reforms
Mobile money transactions. Photo @ Unsplash
Read More »
Senegal’s new mobile money tax stirs fears over financial inclusion