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

Africa’s richest man, Aliko Dangote (middle) to expand oil refinery. Photo @ Dangote Website
Dangote Cement’s $1bn Africa expansion signals major infrastructure bet
Read More »
Solar farm. Photo by Michael Förtsch @ Unsplash
Vantage Capital invests $40mn into South Africa’s SolarAfrica portfolio
Read More »
Mobile money instant payment in Africa. Photo by Olumide Bamgbelu @ Unsplash
Nigeria targets cheaper African cross-border payments with Fintech push
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