Tag: cost of living

Inflation Fight: CBN’s Tight Monetary Policy and Its Impact on Nigerian Consumers

The Central Bank of Nigeria's (CBN) aggressive monetary policy, characterized by significant…

Genesis Obong

Nigeria Petrol Prices: Region’s Lowest, But Economic Ripples Persist

Nigeria currently boasts the lowest petrol prices in West Africa, a fact…

Genesis Obong

Food Inflation Shows Significant Decline, But Monthly Rise Persists

The relentless surge in food prices that has burdened Nigerian households appears…

Genesis Obong

Inflation Rate Drops Significantly After CPI Rebasing

Nigeria's inflation rate has experienced a significant drop, landing at 24.48% year-on-year…

Genesis Obong

Lagos BRT Fares Surge 18%, Stirring Commuters’ Anxiety

Lagos residents woke up today to a stark reality: the cost of…

Genesis Obong

Nigeria’s Per Capita Income Plummets Again, Exacerbating Poverty Crisis

Nigeria's per capita income has once again declined, falling to a pitiful $835.49 in 2025, according to a sobering new analysis from the International Monetary Fund (IMF). Millions of Nigerians' already precarious living circumstances are being further undermined…

Genesis Obong

Edun Defends Telecom Tariff Hike, Says It’s a “Starting Point”

Wale Edun, Nigeria's finance minister, has justified the recent 50% tariff hike…

Genesis Obong

Nigeria’s Headline Inflation Hits 34.80% in December 2024, Marking Fifth Year of Rising Prices

Nigeria's headline inflation rate climbed to 34.80% in December 2024, marking a…

Genesis Obong