Search

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

Allen dreyfus Logo
© 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.

Recent Business

Man pushing truck with gallons of water in Benin. Photo by Dananjaya Nugraha @ Unsplash
IMF revises Benin debt to 60.5% of GDP after reclassification
Read More »
Africa map @ Unsplash
How Gulf capital is reshaping African sovereign bonds
Read More »
Busy street of Nigeria. Photo Muhammad Ibrahim @ Unsplash
Nigeria bond yields fall below 16% as investor demand surges
Read More »

Recent Politics

Edwin Sifuna, Kenya's ODM secretary-general. Photo: Edwin W Sifuna/Facebook
Is Edwin Sifuna Kenya’s new Raila Odinga?
Read More »
A cheerful Kenyan citizen at a public celebration. Photo: @ William Ruto/Facebook
Why is Kenya on full campaign mode one year to 2027 elections?
Read More »
Port Harcourt, Nigeria. Photo by Emmanuel Ikwuegbu @ Unsplash
Why are Nigerians protesting electoral reforms ahead of 2027 polls?
Read More »

Latest Posts

Latest news insights