…more consequential. “The government’s macroeconomic reforms have delivered stability — inflation roughly halved from its peak and reserves at $51bn, the highest since 2009 — giving factories, for the first time in years, the conditions to plan and invest. “Global supply chains are being redrawn as companies diversify,…

…of Nigeria (NAN) on Sunday in Lagos. He said the projected shortages could worsen food inflation and further strain households already struggling with rising food prices across the country. According to him, rice production is projected to decline by six per cent to about 8.3 million tonnes, while cultivated land may b…

…investment market has continued to expand even as businesses grapple with persistent inflation, exchange rate volatility and high interest rates.Researchers attributed this resilience to the wider adoption of local financing mechanisms, including green bonds, credit guarantees and wholesale debt facilities, which have…

…of Nigeria has renewed its call for coordinated structural reforms to address inflation, improve productivity and strengthen the competitiveness of the country’s manufacturing sector, as it looked ahead to the second half of 2026 following disruptions caused by the Middle East conflict. The association made the call ag…

…development threatens to elevate petrol pump prices locally and reverse recent gains in inflation control. The Dangote Petroleum Refinery increased its ex-gantry petrol price from N1,075 per litre to N1,215 per litre, while also resuming the sale of petrol in naira. by Linda Ikeji at 23/07/2026 8:36 PM | Share this Sto…

…added. Despite strong revenue, profit margins faced headwinds from persistent cost inflation. Cost of sales expanded 13.5 per cent to N167.57bn, while marketing and distribution expenses reached N40.19bn due to elevated logistics and promotional activity. “While foreign exchange liquidity and inflationary pressures rem…

…rewarded importation over industrial production.The former vice president cited food inflation figures and a ₦3.53 trillion raw material import bill as proof of a failing economic model.Atiku outlined what an ADC government would do to shift Nigeria toward agriculture, manufacturing and export-led growth.Atiku slams Ti…

…the massive increase in goods and services would create deflationary pressure instead of inflation. "So if the rate of growth of goods and services far exceeds the rate of growth of the money supply," he continued, "then you will have deflation." by Linda Ikeji at 21/07/2026 8:36 AM | Share this Story

Despite Nigeria’s headline inflation rate easing marginally in June 2026, residents in more than half of the country’s states continued to face annual inflation above 30 per cent, with Niger, Kogi and the Federal Capital Territory recording the highest rates. The latest Consumer Price Index report released by the Natio…

…Tuesday. Currently, Nigeria’s benchmark interest rate stands at 26.50 percent, while the inflation rate was 15.91 percent in June, according to the National Bureau of Statistics (NBS). Dollar to Naira Exchange Rate Today, July 20 2026: Nigerian Naira extends appreciation Ahead of CBN’s interest rate decision

…that rising import costs will increase fuel prices, straining consumers already facing inflationIPMAN calls for urgent reassessment of fuel import licences to prevent further price hikes and naira pressureFind it fast with our new search feature at Legit.ng! Pascal Oparada is a journalist with Legit.ng, covering techno…

…and Tuesday, citing heightened geopolitical tensions and their potential impact on inflation. The stakeholders noted that Nigerian businesses would welcome a rate cut to ease borrowing costs and support investment, particularly in the manufacturing sector, which has struggled under high interest rates. Their position c…

…to the General Assembly, the National Bureau of Statistics also reported a June headline inflation rate of 15.91%, as food prices continue to rise, petrol sells above ₦1,100 per litre, transport costs remain high, and the ₦70,000 minimum wage cannot sustain a family anywhere in the country. The address reads in part, “…

…lenders and investors, are translating into broader gains for Nigerians after driving up inflation and living costs. Recall that the International Monetary Fund (IMF) said in June that ‘ the reforms were improving investor confidence and economic stability, 63% of the Nigerian populace remained in poverty and millions…

…investor confidence, improved the functioning of the foreign exchange market, and placed inflation back on a downward trajectory despite global uncertainties.” He, however, stressed that macroeconomic stability alone would not raise living standards unless it was accompanied by higher productivity, increased investment…

…in the first half of the year, Yusuf said exchange-rate stability, moderating inflation, stronger external reserves, improved crude oil production and resilient financial markets have significantly reduced macroeconomic vulnerabilities and strengthened investor confidence. He noted that government revenues also improve…

By Elizabeth Adegbesan The National Bureau of Statistics, NBS, yesterday said headline inflation rate slowed Month-on-Month (MoM) by 0.02 percentage point to 15.91 percent in June 2026 from 15.93 percent in May. The decline is coming after a three consecutive months rise in headline inflation rate since March 2026. How…

…added that sustaining macro-fiscal and structural reforms would be critical to reducing inflation, expanding fiscal space and ensuring that recent economic stabilisation translates into improved living standards. The reports reviewed reforms introduced by the Bola Tinubu administration, including the removal of petrol…

…that the interim forfeiture order was obtained through "manifest exaggeration, malicious inflation of the value of the assets, and unreasonable and incompetent valuation deliberately manipulated to mislead the court, negatively affecting its discretion in granting an order based on manipulated facts and conclusions del…

…policies announced or macroeconomic indicators cited. It is the number of jobs created, inflation declining, the naira stabilising and businesses investing with confidence. It is about the number of lives improved. That is why this committee has been established,” he said. Oyedele said the committee would not exercise…

…has fuelled fears over their already fragile truce and the chances of another spike in inflation. However, tech firms enjoyed a much-needed reprieve after the latest bout of selling, although they only managed to claw back some of the hefty losses fuelled by growing fears over the AI boom. The latest attacks came after…

…per cent to a peak of 27.50 per cent through a series of hikes in 2024 aimed at curbing inflation, stabilising the naira and restoring investor confidence. After holding the benchmark rate at 27.50 per cent throughout most of 2025, the MPC began a cautious easing cycle in September 2025, cutting the MPR by 50 basis poi…

…an additional financial burden on parents already struggling with rising food prices, inflation and the high cost of living. "Parents are already battling to provide food for their families, not to mention quality education. At a time like this, increasing examination fees is simply not right. Rather than easing the bu…

…Bola Tinubu-led administration was placing more pressure on households already battling inflation, rising food prices, transportation costs, electricity tariff hikes and unemployment. “It is unconscionable that at a time when Nigerian families are battling record inflation, soaring food prices, rising transportation co…

…in sustainable fashion economics. In an era where consumer budgets are squeezed by inflation, building a wardrobe around high-quality black staples is a form of financial empowerment. “A person can never be overdressed or under-dressed with a Little Black Dress.” — Karl Lagerfeld Because black is incredibly difficult t…