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

Mobile phone usage in Africa is high. Photo by Zac Wolff @ Unsplash
Zambia’s digital surge: Telecom boom pushes subscriptions past 26mn as ICT powers economic shift
Read More »
Afreximbank headquarters in Cairo, Egypt
Afreximbank secures $2bn syndicated loan amid strong global investor demand
Read More »
Payment system. Photo by Nathana Rebouças @ Unsplash
Moniepoint breaks into Kenya, shaking up East Africa’s fintech order
Read More »

Recent Politics

Kenya youth protest. Photo by Hassan Kibwana @ Unsplash
Will Kenya's new Gen Z uprising turn voter registration into a global youth political wave?
Read More »
Nigeria young voters protest for reforms. Photo by Ayoola Salako @ Unsplash
Nigeria’s oil paradox in the Iran war: windfall gains, inflation pain
Read More »
A soldier in the war front. Photo by Stijn Swinnen @ Unsplash
Kenya halts recruitment into Russia’s war. Who gains and who loses?
Read More »

Latest Posts

Latest news insights