…as a majority of Nigerians continue to lament the rising cost of living despite headline inflation standing at 15.43 percent in July. The recent rise in the price of petrol to between N1,310 and N1,345 per litre has further increased economic hardship for Nigerians. Nigerians react as GDP growth hits 4.43 percent

…used to remove excess cash from the system, boost the naira's value, and control inflationPAY ATTENTION: Mark Legit.ng as a preferred source, and our content will appear higher in your Google feed!Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, investment, and the economy for over a d…

…with opposition parties increasingly making the cost of living, petrol prices, food inflation, unemployment and insecurity central to their campaigns. According to the opposition party, the election would ultimately be determined by Nigerians’ assessment of their economic circumstances rather than political rhetoric. “…

…about N185 per litre in May 2023 to N1,300+ in many places by August 2025, while food inflation crossed 40 per cent at points during the period. Transport costs surged, and the promised CNG mass-transit alternative is yet to reach Nigerians at the required scale. “The contradiction is impossible to ignore,” the ADC sai…

…vote could hand Tinubu the advantage despite widespread voter dissatisfaction over inflation, insecurity and unemployment among others. Opposition is ‘crippled and depleted’ — Wike That analysis finds a forceful echo in Wike, who declared, last week, in Abuja, that the 2027 presidential election will be the easiest con…

…for motorists, with knock-on effects on transportation, logistics, food distribution and inflation. Conversely, stronger competition among domestic refiners and product suppliers could limit the extent to which higher depot prices are passed on to consumers if alternative sources of supply become available. The latest…

…in the non-oil economy and gradually higher oil production. Moody’s also said headline inflation declined to 15.4 per cent in July 2026 from 25.3 per cent a year earlier. It attributed the decline partly to the fading effects of price adjustments that followed exchange rate liberalisation and fuel subsidy removal, as w…

…costs affect food prices. ‘’But petrol prices alone have never caused food inflation. Nigerians experienced rising food prices, even during the years when petrol subsidy was in place. ‘’Agricultural productivity, insecurity, exchange rates, logistics, storage, flooding, input costs, money supply and supply constraints…

…rates, logistics, storage, flooding and agricultural input costs influenced food inflation. He further questioned the ADC candidate’s proposal to link subsidy to the price of crude oil, noting that refining crude produces several other petroleum products apart from petrol. Onanuga cited diesel, aviation fuel and kerose…

…they are abiding by market principles for foreign exchange policy."Then you look at inflation. Inflation, even though they use the methodology to crash it in terms of the numbers, but the real thing is that the cost of living for the average citizen is still pretty high," she said. The ex-minister equally faulted the h…

…were forced to source crude from abroad. “What we are suffering today is not demand-pull inflation; it is cost-of-production-induced inflation,” he said, adding that the high cost of producing and supplying petroleum products was contributing to the rising cost of living. He maintained that the country’s crude oil shou…

…countries had more money than they had the capacity to handle; they also induced global inflation on an unprecedented scale; factories closed down in the manufacturing west and Japan, unemployment rose drastically. The G7 countries i.e. (USA, Japan, Germany, Britain, France, Canada, and Italy), the world’s seven strong…

…from the Nigerian Exchange.The figures showed continued growth despite persistent inflationary pressure, high energy costs and foreign exchange volatility.Nigerian Breweries led Nigeria’s consumer goods companies by revenue Photo: BloombergImagesPAY ATTENTION: From breaking news to viral moments. Follow Legit.ng on Ins…

…Central Bank of Nigeria (CBN) has announced. The apex bank also disclosed that headline inflation moderated from 15.91 per cent in June to 15.43 per cent in July 2026, with both food and core inflation recording declines during the period. Acting Director of the CBN’s Corporate Communications and Investor Relations Dep…

…had produced significant improvements in foreign exchange liquidity, reserves, inflation and economic growth, but structural constraints, high financing costs and weak household purchasing power were limiting the conversion of these gains into inclusive growth. The report showed that real Gross Domestic Product grew by…

By Peter Egwuatu The Nigerian Economic Summit Group (NESG) has projected Nigeria’s inflation to remain elevated during the remainder of 2026, averaging 15.5 percent in the second half 2026, H2’26, and for the entire year. This projection is premised on persistent challenges including widespread insecurity in major farm…

…cost of living. The party said the government’s focus on the slight decline in headline inflation did not reflect the reality faced by millions of Nigerians struggling to afford basic food items. The ADC National Publicity Secretary, Mallam Bolaji Abdullahi, stated this in a press statement issued on Tuesday. The party…

…Enterprise, CPPE, Dr Muda Yusuf, has said the marginal decline in Nigeria’s headline inflation reflects improved macroeconomic stability. However, he noted that the high cost of living persists despite the decline in inflation to 14.53 per cent in July from 15.91 per cent in June, according to the National Bureau of St…

…continue to rise despite Nigeria recording a second consecutive decline in headline inflation in July 2026. DAILY POST reports that Nigeria’s headline inflation declined for the second consecutive month to 15.43 percent in July from 15.91 percent in June, according to the Consumer Price Index, CPI, and inflation report…

…by expectations of improved operating conditions, although high production costs, inflation and weak consumer purchasing power remain major concerns for the sector. Top capitalised industrial goods coys Dangote Cement topped the industrial goods category with N17.15 trillion market capitalisation, followed by BUA Cemen…

Nigeria's inflation drops again to 15.43% Nigeria's inflation dropped further to 15.43 percent in July 2026, down from 15.91 percent recorded in June.The National Bureau of Statistics disclosed this in its Consumer Price Index and inflation report released on Monday, August 17.This means the country's headline inflatio…

The NBS recorded a 2.79 percentage point jump in Nigeria's food inflation between June and July 2026Adamawa, Katsina, and Zamfara posted the steepest annual food price increases among all Nigerian statesBorno was the only state to record a negative food inflation rate, while headline inflation eased slightly in JulyPAY…

…around the same customer base, according to a BusinessDay report.5. Budget supermarketsInflation has fundamentally changed how Nigerians shop. Consumers are increasingly comparing prices, switching brands and purchasing smaller quantities as they try to stretch every naira.This has created opportunities for retailers t…

…financial system, thereby supporting monetary-policy transmission and helping to contain inflationary pressures. The dual function of OMO operations has become especially relevant under the CBN’s tight monetary-policy regime, which has kept interest rates high in a bid to rein in inflation and stabilise the foreign-exc…

…described as the poor performance of the APC administration, citing economic hardship, inflation, unemployment, infrastructural decay and insecurity. He therefore urged the APC to “read the handwriting on the wall” and abandon any plan to rig the 2027 election, warning that any attempt to subvert the will of Nigerians…