Nigeria, CPI and inflation

Nigeria's inflation rate drops after statistics overhauled and updated
Nigeria's annual inflation rate stood at 24.48% in January, the statistics agency said on Tuesday, well down from the previous month's figure after the country's price index was rebased for the first time in more than a decade.
Nigeria’s inflation rate drops to 24.48% in January 2025 amid CPI rebasing
Nigeria’s headline inflation rate dropped to 24.48% year-on-year in January 2025, following the rebasing of the Consumer Price Index (CPI),
Nigeria’s inflation rate falls from 34.8% to 24.48% after rebasing CPI
NBS also said that the food inflation rate fell to 26.08 per cent in January 2025 from 39.84 per cent in December 2024.
Nigeria keeps benchmark interest rate steady as inflation seen falling gradually
Nigeria's central bank left its benchmark interest rate unchanged on Thursday after six hikes last year, saying that it was reassured by stability in the foreign exchange market and saw inflation gradually falling.
CBN retains Nigeria’s interest rate at 27.50% amid inflation drop
The Central Bank of Nigeria Monetary Policy Committee has retained the country’s interest rate at 27.50 percent in January, the same rate as in November
CBN retains interest rates at 27.5% amid rebased inflation
The Central Bank of Nigeria (CBN) on Thursday retained its benchmark interest rate known as the Policy Rate (MPR) at 27.5
Nigeria's Central Bank Keeps Main Interest Rate Unchanged
ABUJA (Reuters) - Nigeria's central bank held its benchmark lending rate at 27.50%, its governor Olayemi Cardoso said on Thursday. The decision follows six rate hikes last year totalling 875 basis points to try to get inflation under control.
See more as CBN retains interest rates at 27.5%, 26 banks release savings rates
The Central Bank of Nigeria, Monetary Policy Committee (MPC) has decided to retain the Policy Rate (MPR) which means that banks' lending rate will not change.
JUST IN: CBN retains interest rate at 27.50%, maintains other parameters
Monetary Policy Committee (MPC) has unanimously decided to hold all the parameters.This was announced by the CBN Governor, Mr Olayemi Cardoso, on Thursday during a press briefing in Abuja.In this regard,
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CBN governor reveals how he will bring inflation rate down to single digit
The Central Bank of Nigeria has spoken on the strategies it will use to bring the inflation rate down from the 24.48% ...
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LCCI says CBN’s decision to retain interest rate will boost investor confidence
The Lagos Chamber of Commerce and Industry (LCCI) has commended the Central Bank of Nigeria (CBN) for its decision to ...
Nigeria Inflation Slows After Data Rejig, Clouds Rates Path
Nigeria’s annual inflation rate fell in January after the statistics office revised the data used to calculate household ...
Nigeria Sells T-Bills at Year Low Ahead of Expected Rate Pause
Nigeria’s central bank sold short-term debt at the lowest yield in more than a year, hardening expectations it is ready to ...
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Inflation persists as CBN holds rates: The limits of CPI rebasing
The current inflation trend suggests that monetary policy alone will not solve Nigeria’s inflation problem. The CBN’s ...
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Nigeria depletes foreign reserves by $2bn YtD to $38.88bn
Nigeria's gross foreign currency reserves have depleted by $2bn since this year, BusinessDay check on the reserves movement ...
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Reasons drop in Nigeria’s inflation doesn’t result in price reduction – CPPE
The Centre for the Promotion of Private Enterprise, CPPE, has explained that the sharp deceleration of Nigeria’s inflation in ...