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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
In February 2025, Nigeria’s inflation reached 23.1%, driven by rising transport and food costs. This increase could prompt discussions on another interest rate hike at the Monetary Policy Committee meeting. …
Nigeria’s Inflation Rate Reaches 23.1% Amid Economic Adjustments Read More
Nigeria’s inflation rate dropped to 23.2% in February 2025 from 24.1% in January 2025. Bloomberg reports this decline following a significant revision of the consumer price index. The reference year …
Nigeria’s Inflation Rate Declines to 23.2% in February 2025 Read More
Nigeria’s inflation rate dropped to 23.18% year-on-year in February, as reported by the statistics agency. This marks a significant decrease from December’s 34.80% and follows a recent rebasing of the …
Nigeria’s Inflation Rate Declines to 23.18% in February 2025 Read More
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
China’s economy shows mixed indicators according to recent data. Retail sales rose by 4% year-on-year but unemployment increased to 5.4%, the highest in two years. Housing prices fell in 68 …
China’s Economic Challenges Amid Rising Unemployment and Trade War Pressures Read More
Tanzania’s inflation rate rose to 3.2 percent in February 2025, primarily due to higher food prices. There were notable increases in staple foods and energy prices, with the government urging …
Tanzania’s Inflation Experiences Slight Increase Driven by Rising Food Prices Read More
Northern Nigerian leaders closed schools for Ramadan, prompting criticism from Omoyele Sowore. He accused them of sending their children to elite schools while public education suffers. The Minister of State …
Criticism Mounts Over Northern Nigeria’s School Closures for Ramadan Read More
The PricePally 2024 Stew Index Report reveals a 121.05 percent increase in the cost of making a pot of stew within a year, indicating a severe food crisis in Nigeria. …
Nigerians Allocate 25% of Minimum Wage to Prepare One Pot of Stew Read More
The cost of preparing beef stew in Nigeria has surged by 121.05%, with ingredient prices more than doubling due to inflation and supply chain issues. This increase imposes significant financial …
Nigeria’s Stew Ingredient Costs Surge Amid Rising Living Expenses Read More