Nigerian households and businesses continued to face mounting energy costs in May 2026 as the prices of major petroleum products remained significantly above year-earlier levels, reinforcing concerns over inflation, transportation costs and…

The Centre for the Promotion of Private Enterprise (CPPE) has urged the government to tackle insecurity, energy costs and transportation challenges to sustain disinflation gains. CPPE, which noted that price escalation has slowed,…

Inflation in the United States accelerated sharply in March, rising to 3.3 per cent year-on-year, as escalating tensions in the Middle East pushed up energy prices and intensified cost pressures across the economy. New data…

Governor Babajide Sanwo-Olu is pushing for lower energy costs for Lagos residents, urging the state’s electricity regulator to adopt a system that eases the burden of overpricing on consumers while fostering a fair and balanced market.…

Businesses and households across Nigeria are beginning to see signs of inflation moderation, according to the latest Inflation Expectations Survey Report by the Central Bank of Nigeria (CBN). Despite the improving sentiment, respondents…

Rising costs of food items are at the centre of Nigeria’s galloping inflation in May 2023 as the subset advanced by 21 basis points to 24.82 percent in May. Inflation was 24.61 percent in April year on year. Driven by sharp increases…

Several investors and business managers have begun to scale down operations in response to the rising energy cost that has worsened the harsh operating environment in the country. The price of Automotive Gas Oil (AGO) otherwise known as…

The Centre for the Promotion of Private Enterprise (CPPE) has voiced concerns about the growing cost pressures on Nigerian businesses, noting that rising energy and logistics costs are putting a serious strain on profit margins, even as…

The Centre for the Promotion of Private Enterprise (CPPE) has called for urgent measures to reduce production costs across the economy as Nigeria’s real Gross Domestic Product (GDP) growth accelerated to 4.43 per cent in the second quarter…

Cement prices in Nigeria remain a major concern for builders, contractors, property developers and prospective homeowners, as the cost of construction materials continues to strain building projects nationwide. Based on the latest price…