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Tag: NATIONAL BUREAU OF STATISTICS

economics

Nigeria’s Inflation Rate Declines in February 2025 Amid Food Security Challenges

March 18, 2025March 18, 2025 - by Liam Nguyen - Leave a Comment

In February 2025, Nigeria’s inflation rate dropped to 23.18% from 24.48% in January. The food inflation rate also decreased to 23.51%, significantly lower than the previous year’s rate. Despite government …

Nigeria’s Inflation Rate Declines in February 2025 Amid Food Security Challenges Read More
economics

Nigeria’s Inflation Rate Declines to 23.18% in February 2025, Reports NBS

March 18, 2025March 18, 2025 - by Allegra Nguyen - Leave a Comment

Nigeria’s inflation rate fell to 23.18% in February 2025, down from 24.48% in January. Year-on-year, it decreased by 8.52% from the previous February. The reduction was mainly influenced by price …

Nigeria’s Inflation Rate Declines to 23.18% in February 2025, Reports NBS Read More
Business / economics

Nigeria’s Inflation Declines to 23.18% in February, A Record Low

March 18, 2025March 18, 2025 - by Allegra Nguyen - Leave a Comment

Nigeria’s inflation rate has dropped to 23.18% in February from 24.48% the prior month, as reported by the National Bureau of Statistics. Year-on-year, food inflation decreased significantly by 14.41%. Core …

Nigeria’s Inflation Declines to 23.18% in February, A Record Low Read More
economics

Nigeria’s Food Inflation Decreases to 23.51% in February 2025 as Prices Stabilize

March 17, 2025March 17, 2025 - by Marcus Chen - Leave a Comment

In February 2025, Nigeria’s food inflation rate dropped to 23.51%, down from 37.92% in February 2024, indicating slower price increases. The reduction is attributed to a new measurement base year …

Nigeria’s Food Inflation Decreases to 23.51% in February 2025 as Prices Stabilize Read More
Business / economics

Nigerian Inflation Declines Again, Impacting Interest Rate Decisions

March 17, 2025March 17, 2025 - by Allegra Nguyen - Leave a Comment

Nigeria’s annual inflation has decreased for the second consecutive month, falling from 24.5% to 23.2%. This trend leads to speculations that the Central Bank may pause interest rate hikes. With …

Nigerian Inflation Declines Again, Impacting Interest Rate Decisions Read More
economics

Top 10 Most Expensive States to Live in Nigeria – February 2025

March 17, 2025March 17, 2025 - by Sofia Nawab - Leave a Comment

As of February 2025, Nigeria’s inflation rate has eased to 23.18%, with significant contributions from food prices. The report lists the ten most expensive states, led by Edo at 33.6%. …

Top 10 Most Expensive States to Live in Nigeria – February 2025 Read More
economics

Nigeria’s Arms Imports Surge in 2024: A Critical Analysis of Defence Spending

March 17, 2025March 17, 2025 - by Carmen Mendez - Leave a Comment

In 2024, Nigeria’s arms imports exceeded ₦520 billion, the highest in five years, accounting for two-thirds of total imports between 2020-2024. This contradicts Minister of Defence’s claims of becoming a …

Nigeria’s Arms Imports Surge in 2024: A Critical Analysis of Defence Spending Read More
economics

Nigeria’s Inflation Rate Declines to 23.18% in February 2025

March 17, 2025March 17, 2025 - by Carmen Mendez - Leave a Comment

In February 2025, Nigeria’s annual inflation rate declined to 23.18%, down from 24.48% in January, marking its lowest level since June 2023. Food inflation also decreased to 23.51%, the lowest …

Nigeria’s Inflation Rate Declines to 23.18% in February 2025 Read More
Business / Companies / economics

Nigeria’s Inflation Rate Declines to 23.2 Percent for Second Month

March 17, 2025March 17, 2025 - by Liam Nguyen - Leave a Comment

Nigeria’s inflation rate declined to 23.2 percent in February, the second consecutive drop after the NBS rebased the Consumer Price Index. The rebasing was intended to align with current household …

Nigeria’s Inflation Rate Declines to 23.2 Percent for Second Month Read More
economics

China’s Consumer Spending Growth Increases Amidst Economic Challenges

March 17, 2025March 17, 2025 - by Marcus Chen - Leave a Comment

China’s consumer spending growth has risen, indicating a potential economic rebound despite challenges from U.S. tariffs, high youth unemployment, and a property market crisis. Retail sales for January-February increased by …

China’s Consumer Spending Growth Increases Amidst Economic Challenges Read More

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