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

Fishing market in Dakar, Senegal. Photo by Marie Vicat @ Pixabay
Senegal tax revenue surge raises concerns over pressure on formal economy
Read More »
Fishing market in Dakar, Senegal. Photo by Marie Vicat @ Pixabay
West Africa central bank cuts rates again as deflation opens rare policy window
Read More »
Houmt Souk, Tunisia. Photo by Ondrej Bocek @ Unsplash
Tunisia inflation hits 5% as food prices surge
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