Browsing Tag
Inflation
33 posts
Finance Minister Oyedele Announces New Metrics to Gauge Reform Impact on Nigerian Households
Minister Taiwo Oyedele states that the government will track poverty, income, and inequality metrics to demonstrate the real-world impact of economic reforms on Nigerian families.
Food Prices Climb Despite Overall Inflation Slowdown
Although headline inflation saw a marginal decline in June 2026, the cost of food items continued to climb across various regions, driven by higher prices for essential produce and grains.
IMF Warns Increasing Costs Will Worsen Poverty Levels in Nigeria
The IMF reports that rising costs for essential goods will continue to drive poverty in Nigeria, even as the nation maintains steady economic growth forecasts.
Nigeria sees decline in cooking gas costs
Cooking gas prices across Nigeria have begun to stabilize and drop as supply constraints ease in the nation's capital.
Domestic Flight Costs Jump Over 20 Percent in May
New data from the National Bureau of Statistics shows that domestic airfares increased by 20.8 percent in May 2026, alongside sharp price hikes across bus, motorcycle, and water transport sectors.
Healthy Food Daily Cost Climbs to N1,589
The National Bureau of Statistics reported a 3.12 percent rise in the daily cost of a healthy diet to N1,589 in April 2026, driven by widespread food price increases.
Experts refute Onanuga’s denial of Nigerian food crisis
Experts challenge presidential spokesman Bayo Onanuga's denial of a food crisis in Nigeria, citing worsening inflation and widespread public hardship.
Tinubu administration remains silent amid public outcry for lower fuel costs
President Tinubu and his administration have not yet responded to public pressure to lower fuel prices as global crude oil rates return to pre-conflict levels.
Apple Implements 20% Price Hikes on Select MacBooks and iPads
Apple is raising prices on select MacBook and iPad models by up to 20% due to the surging costs of memory and storage components caused by the global AI infrastructure boom.
Critics Question Onanuga’s Assessment of Nigeria’s Economic Crisis
Rights advocates and community leaders are challenging statements by presidential aide Bayo Onanuga regarding the current economic state, arguing that infrastructure claims overlook the harsh reality of widespread hunger and inflation.