Search

Nigeria’s Inflation Slows After Data Rebase, Easing Rate Hike Pressure

© Pexels
  • Annual inflation drops to 24.48% in January from 34.80% in December following recalculation
  • Food inflation eases as naira stabilises, prompting speculation on rate policy shift

Abuja, Nigeria – Nigeria’s annual inflation slowed in January to 24.48% from 34.80% the previous month after the National Bureau of Statistics (NBS) implemented changes to the calculation of the country’s composite price index.

Recent Business

Jeremy Awori, Group CEO of Ecobank Transnational. Photo @Ecobank Group/Facebook
Ecobank’s $500mn capital raise: growth story or defensive gamble amid Nigeria drag?
Read More »
Stephen Blewett, CEO of MTN Ghana at the company's AGM in Accra. Photo by MTN Ghana/Facebook
MTN’s $1bn bet: Can Ghana turn digital ambition into an African innovation engine?
Read More »
Africa Fintech startups are struggling. Photo @Pexels
Why Africa’s fintech start-ups are losing the fight for survival
Read More »

Recent Politics

Nigerian youth on the street. Photo by Salem Ochidi @ Unsplash
Treason case lays bare Nigeria’s hidden power struggles under Tinubu
Read More »
Benin Finance Minister Romuald Wadagni. Photo @Romuald Wadagni/Facebook
Benin election 2026: From fiscal discipline to political delivery - Wadagni’s real test begins
Read More »
Kinshasa, Democratic Republic of Congo. Photo by Johnnathan Tshibangu @ Unsplash
Why DR Congo is taking in US deportees — and what Africa gains or risks
Read More »

Latest Posts

Latest news insights