Wednesday, July 16, 2025
Economic Data
Food prices continue to soar in Nigeria as inflation hits 25.80%
The prices of food has continued to soar in Nigeria as inflation in August 2023 increased to 25.80%, the highest...
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Nigeria’s daily petrol consumption dropped by 16.8% in July – report
The average daily consumption of petrol in Nigeria dropped to 52 million litres in July 2023, according to the Nigerian...
Read moreInflation in Nigeria rises to 22.79% in June 2023
The Consumer Price Index (CPI), which measures the average change over time in the prices of goods and services consumed...
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Nigeria’s total public debt hit N49.85 trillion in Q1 – DMO
Nigeria's total public debt has risen to N49.85 trillion ($108.30 billion) as at March 31, 2023 from N46.25 trillion as...
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Nigeria’s Export Price Index increased in Q1 2023, top five export countries
In the first quarter of 2023, the All-Commodity Group Import Index increased by 0.16 per cent points on average, according...
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FAAC shares N786bn May 2023 revenue to FG, States, LGCs
The Federation Account Allocation Committee (FAAC) has shared a total sum of N786.161 billion May 2023 Federation Account Revenue to...
Read moreNaira falls further at the official market, closes at N701.19
Nigerian currency, the naira depreciated further at the Investors & Exporters (I&E) Window against the dollar on Thursday, losing another...
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Inflation rate hits 22.41% in May, highest in more than 14 years
Consumer Price Index which measures inflation jumped 22.41% in May 2023, the National Bureau of statistics said in a Thursday...
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Naira slumps over 40% against dollar at the official market – I&E Window
Nigerian naira slumped at the Investors & Exporters (I&E) Window on Wednesday, losing 40.09% of its value to close the...
Read moreInflation rate hits 22.22% in April, highest in 14 years
In April 2023, the headline inflation rate rose to 22.22% relative to March 2023 headline inflation rate which was 22.04%,...
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