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Food Inflation Worsens, Poised to Exceed 40% Amid Festive Season Pressures

By Elizabeth Adegbesan Food inflation in Nigeria is on the brink of surpassing 40%, as the latest report from the National Bureau of Statistics (NBS) indicates a continued rise in consumer prices. Structural challenges in agricultural production, particularly in the northern regions, combined with increased demand during the festive season and higher transportation costs, are … Read more

Nigeria’s Inflation Rises to 34.60% in November 2024: NBS Report Breakdown

Nigeria’s Inflation Rises to 34.60% in November 2024: NBS Report Breakdown

The National Bureau of Statistics (NBS) has reported that Nigeria’s inflation rate surged to 34.60% in November 2024, reflecting a 0.72 percentage-point increase compared to 33.88% in October 2024. This marks a significant rise in the country’s year-on-year inflation rate, which was recorded at 28.20% in November 2023. The latest data highlights persistent economic challenges … Read more

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