cost of living
Presidential Adviser Onanuga Predicts Decline in Cost of Living as Tinubu’s Reforms Take Effect
Nigerians can expect a reduction in the cost of living soon, according to Bayo Onanuga, Special Adviser on Media and Information Strategy to...
Food Inflation in Nigeria: States Grapple with Soaring Prices
Food inflation, a critical component of the overall cost of living, reached 21.79% in Nigeria in March 2025 on a year-on-year basis. This...
Nigeria’s Headline Inflation Surges, Hits 24% in March
Nigeria’s headline inflation rate climbed to 24.23% in March 2025, marking a significant increase from the 23.18% recorded in February 2025, according to...
Inflation Fight: CBN’s Tight Monetary Policy and Its Impact on Nigerian Consumers
The Central Bank of Nigeria’s (CBN) aggressive monetary policy, characterized by significant interest rate hikes, is aimed at curbing the nation’s persistent inflation....
Nigeria Petrol Prices: Region’s Lowest, But Economic Ripples Persist
Nigeria currently boasts the lowest petrol prices in West Africa, a fact highlighted in a recent report. While this might appear as a...
Food Inflation Shows Significant Decline, But Monthly Rise Persists
The relentless surge in food prices that has burdened Nigerian households appears to be easing, according to the latest data from the National...
Inflation Rate Drops Significantly After CPI Rebasing
Nigeria’s inflation rate has experienced a significant drop, landing at 24.48% year-on-year in January 2025. This dramatic shift follows the rebasing of the...
Lagos BRT Fares Surge 18%, Stirring Commuters’ Anxiety
Lagos residents woke up today to a stark reality: the cost of commuting via the Bus Rapid Transit (BRT) system has increased by...
Nigeria’s Per Capita Income Plummets Again, Exacerbating Poverty Crisis
Nigeria’s per capita income has once again declined, falling to a pitiful $835.49 in 2025, according to a sobering new analysis from the International Monetary Fund (IMF). Millions of Nigerians’ already precarious living circumstances are being further undermined by this 4.73 per cent drop from the year before. The...