The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, says the President Bola Tinubu government inherited the rising prices of food and general commodities from the previous administration but is doing what it can to…

Nigerians are being pinched by rising food prices where it hurts the most: Rice, the main ingredient for making jollof, a popular delicacy in many Nigerian homes, jumped 61% in September. A kilogram of the local variety of the ingredient…

As expected, Nigeria's inflation jumped to 15.70 per cent in February, owing to rising food prices,resulting from the spike in petrol price. The National Bureau of Statistics (NBS) in its latest Consumer price index (CPI) report released…

The International Monetary Fund says rising food prices is the major factor fuelling inflation in Nigeria and other Sub-Saharan African countries. According to the body, inflation is rising around the world, but because food accounts for…

U.S. consumer prices unexpectedly rose in February but are likely to decline in the months ahead as the coronavirus outbreak depresses demand for some goods and services, outweighing price increases related to shortages caused by…

Nigeria’s poverty crisis remains severe despite years of economic reforms, according to experts reacting to new findings from the World Bank. The report shows that about 79 per cent of Nigerians are poor or vulnerable, leaving an…

A slight drop in Nigeria’s inflation rate does not mean the prices of goods and services are falling, according to leading economic experts. The experts cautioned Nigerians against confusing lower Nigeria’s inflation rate with cheaper…

A renewed surge in food prices nationwide have become the country’s biggest inflationary concern, prompting the Centre for the Promotion of Private Enterprise (CPPE) to advocate for stronger structural reforms rather than further monetary…

Nigeria's headline inflation rate eased marginally to 15.91 per cent in June 2026 from 15.93 per cent recorded in May, marking a slight moderation in the pace of overall price increases even as food prices accelerated during the month.…

Rising essential goods prices could worsen poverty and food insecurity in Nigeria, despite stronger economic stability, according to the International Monetary Fund (IMF). The International Monetary Fund (IMF) has warned that higher…