S&P Global Raises Nigeria’s 2026 Inflation Forecast to 16.9%, Cuts GDP Growth Outlook
S&P Global has raised its forecast for Nigeria’s average inflation rate in 2026 to 16.9 per cent from its earlier ...
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Tag: #Inflation
Petrol Price Surges 55.3% to N1,596 Per Litre in May — NBS
The average retail price of Premium Motor Spirit (PMS), popularly known as petrol, increased by 55.31 per cent year-on-year to ...
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Bank of Japan Raises Rates to 31-Year High Amid Inflation Pressures From Middle East Conflict
The Bank of Japan (BoJ) has raised its benchmark interest rate by 25 basis points to 1.0 per cent, marking ...
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Nigeria’s Inflation Climbs to 15.93% in May as Businesses Cite Middle East Tensions, Energy Costs
Nigeria’s headline inflation rate rose to 15.93 per cent in May 2026, marking the third consecutive monthly increase in the ...
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Global Stocks Slide as Tech Sell-Off Deepens Ahead of US Inflation Data
Global stock markets resumed their downward trend on Tuesday as technology shares came under renewed pressure and investors reduced exposure ...
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CBN Retains Interest Rate at 26.5% Amid Rising Inflation
The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has retained the country’s benchmark interest rate at 26.5 ...
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CBN MPC Member Warns Fiscal Spending Could Undermine Nigeria’s Inflation Gains
A member of the Central Bank of Nigeria (CBN) Monetary Policy Committee, Professor Murtala Sabo Sagagi, has warned that Nigeria’s ...
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EU Eases State Aid Rules to Cushion Energy Shock on Farms and Industry
The European Union (EU) has temporarily relaxed its state aid rules to allow member states to inject public funds into ...
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Fuel Prices Surge in Nigeria as Petrol Hits N1,288, Diesel Climbs to N1,648 in March
Nigeria recorded a sharp increase in fuel prices in March 2026, with both petrol and diesel costs rising significantly, intensifying ...
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CBN Says Reforms Help Nigeria Withstand Global Economic Shocks Despite Rising Inflation
The Central Bank of Nigeria (CBN) has said that recent reforms in the country’s monetary and financial system have helped ...
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