Nigerians may be in for a longer period of economic sluggishness largely fueled by the headline inflation, which rose by as much 7.48 per cent in the last eight months of President Bola Ahmed Tinubu’s administration.

Nigeria's headline inflation rate climbed to 29.9 percent in January, the latest figures published by the National Bureau of Statistics on Thursday showed. The NBS inflation report is based on the Consumer Price Index (CPI), which measures the average change in prices paid by consumers over a period of time for a basket of goods…

Desperate Nigerians have been protesting against soaring food prices as an economic crisis forces people to skip meals and eat poor-grade rice used as fish food.

Phrank Shaibu, Special Assistant on Public Communication to former Vice President Atiku Abubakar, has launched a scathing attack on President Bola Tinubu's administration, accusing its policies of pushing Nigerians deeper into poverty and hardship. In a statement released on Thursday, Shaibu painted a grim picture of the nation's economic situation, highlighting rising food prices, business…

US consumer inflation slowed less than anticipated last month, according to government data released Tuesday, as President Joe Biden battles to assuage households' worries over costs of living while he seeks reelection.

The sustenance of monetary tightening, reduction in the use of Ways and Means advances by the federal government, more stable naira, base effects and consumer resistance will cause inflation to reach an inflection point by mid-2024, and begin a gradual decline to an average of 26 per cent in 2024, Agusto & Co., a research agency, has said.

The Nigeria Governors’ Forum (NGF) has called for urgent discussion among stakeholders to address the food inflation, naira depreciation and rising insecurity across parts of the country.

Speaker of Kano State House Assembly, Jibrin Ismail Falgore, has lamented the prevailing economic situation nationwide.  

Spreading like wildfire, more states are joining in the protests against the high cost of living in the country, which is a reminiscent of the 2011 #OccupyNigeria protest against petrol subsidy removal that lasted more than a week, and 2020 #EndSARS protest against police brutality that dragged for nearly a month.

Nigeria's cabinet ministers have held emergency meetings over the economy and food prices as the government comes under pressure over the fallout from President Bola Ahmed Tinubu's reforms.

Stakeholders in the poultry business are worried that unless urgent interventions are urgently implemented, the sector is headed to a complete collapse in a matter of months.

The Minister of Finance and Coordinating Minister of the Economy, Olawale Edun,has acknowledged concerns over the rising prices of food and commodities in Nigeria, attributing the situation to demand and supply forces.