Nigeria Tax Act 2025 (NTA 2025) policy signed into law on June 26, 2025, effective from January 1, 2026, shall commence on January 19, 2026. With the implementation, if you send money through your mobile banking app, use USSD codes like *737# or *919#, or rely on fintech platforms...
inflation
President Bola Ahmed Tinubu has declared that 2026 marks the start of a stronger and more resilient phase of economic growth for Nigeria, assuring citizens that recent reforms are yielding results and that greater benefits lie ahead for ordinary Nigerians. In his New Year goodwill message to the nation...
Nigeria’s inflation rate fell further in November, offering fresh relief to households after years of punishing price increases that triggered a deep cost-of-living crisis. The latest data released on Monday by the National Bureau of Statistics (NBS) showed that headline inflation moderated to 14.45 per cent in November 2025,...
There are hardly any economic indices in Nigeria today that have not improved since President Tinubu assumed office on Monday, May 29, 2023. Below, I have listed ten, just in case you are misled by disgruntled politicians into thinking you are worse off today than you were in 2023....
Notable Think Tank , the Independent Media and Policy Initiative (IMPI) has established a link between the steady increase in Nigeria’s Purchasing Manager’s Index (PMI) and the decline in inflation in the country for the seventh consecutive month.This according to the policy group is because the PMI reflects the...
Nigeria’s headline inflation continued its downward trajectory in October, easing to 16.05%, according to the latest Consumer Price Index (CPI) report released on Monday by the National Bureau of Statistics (NBS). The Bureau noted that the figure represents a notable drop from the 18.02% recorded in September. On a...
In a strategic move to support economic recovery, the Central Bank of Nigeria (CBN) has reduced the Monetary Policy Rate (MPR) by 50 basis points—from 27.5% to 27%—following the conclusion of the Monetary Policy Committee (MPC) meeting held on September 22 and 23, 2025. The decision, made by the...
Independent Media and Policy Initiative (IMPI), a prominent Nigerian policy think-tank, predicts that Nigeria’s headline inflation will decrease to 17% by December 2025, according to a statement released on Wednesday. Chairman of the Initiative, Dr. Omoniyi Akinsiju highlighted that this forecast follows a consistent decline, with inflation dropping to...
Central Bank of Nigeria (CBN) Governor, Mr. Yemi Cardoso, attributed the reduction in June’s headline inflation to stabilized energy prices and a steady foreign exchange market. Speaking in Abuja on Tuesday during the presentation of the 301st Monetary Policy Committee (MPC) communiqué, he highlighted key factors influencing the economy....
By JOY ADARA, Abuja- National Bureau of Statistics (NBS) announced that Nigeria’s headline inflation rate eased to 22.22% in June 2025, marking a 0.76% decline from May’s 22.97%. This is according to the Consumer Price Index (CPI) and Inflation Report released on Wednesday, July 16, 2025, in Abuja. “This...
By JOY ADARA, Abuja- Nigeria’s headline inflation rate has further eased to 22.97% in May 2025, representing a 0.74% decline from the 23.71% recorded in April 2025, according to the latest Consumer Price Index (CPI) and Inflation report released by the National Bureau of Statistics (NBS). On a month-on-month...
World Bank has cut its global growth forecast for 2025 to 2.3%, citing mounting trade tensions and policy uncertainty, with growth forecasts being cut in nearly 70% of economies across all regions and income groups. According to the bank’s latest Global Economic Prospects report, this slowdown would mark the...
The National Bureau of Statistics (NBS), says Nigeria’s headline inflation rate eased to 23.71 per cent in April 2025. The NBS disclosed this in its Consumer Price Index (CPI) and Inflation Report for April 2025, which was released in Abuja on Thursday. According to the report, the headline inflation...
The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has said the Federal Government plans to reduce inflation rate to single digit and create more jobs. Edun stated this during a press conference addressed by the Nigerian economic team, as part of activities marking the...
President of the Nigeria Labour Congress (NLC), Mr Joe Ajaero, on Friday bemoaned the effect of inflation on the minimum wage in the country. Ajaero speaking at the first quadrennial delegates conference of the Trade Union Congress (TUC) in Abuja, said it was time the organised labour stood united...
The National Bureau of Statistics (NBS), has said Nigeria’s headline inflation rate rose to 24.23 per cent in March 2025. The NBS disclosed this in its Consumer Price Index (CPI) and Inflation Report for March 2025, which was released in Abuja. According to the report, the headline inflation showed...
Group Managing Director, United Bank for Africa (UBA), Mr Oliver Alawuba, has said Nigeria requires a double-digit Gross Domestic Product (GDP) growth to achieve the projected one-trillion dollar economy target by 2030. Alawuba made this remark on Monday in Abuja, at the ongoing 36th Edition of the Finance Correspondents...
Nigerian consumers can now pay old prices in future despite increase in price, so long as they locked in the price at a time in the past. This is now possible because of a new App called Osusu rolled out by Pack’n’Pay group which enables customers to pay in...
The National Bureau of Statistics (NBS), says Nigeria’s headline inflation rate eased to 23.18 per cent in February 2025. The NBS disclosed this in its Consumer Price Index (CPI) and Inflation Report for February 2025, which was released in Abuja on Monday. According to the report, the headline inflation...
The National Bureau of Statistics (NBS), has introduced special inflation indices to its monthly Consumer Price Index (CPI) Report. The Statistician-General (S-G) of the Federation, Adeyemi Adeniran, made this known at a news briefing on the CPI Rebasing Results in Abuja on Tuesday. Adeniran said the new indices include...