The United Nations Food and Agriculture Organization (FAO) has reported that global food prices continued their downward trajectory in January 2026, marking the fifth consecutive month of decline. The FAO Food Price Index, which tracks the monthly changes in international prices of a basket of commonly traded food commodities, showed a marginal but significant decrease […]
Bitcoin has retreated below the psychological threshold of $70,000, marking a significant downturn in the global cryptocurrency market as digital asset prices experience a broad-based decline. The slide, which accelerated during early trading on February 5, 2026, has seen the world’s largest cryptocurrency lose approximately 5% of its value within a 24-hour window. This correction […]
Investor demand for Nigerian Treasury Bills (T-bills) reached a historic peak on February 4, 2026, with total subscriptions skyrocketing to N4.59 trillion during the latest primary market auction conducted by the Central Bank of Nigeria (CBN). This surge in demand represents a significant oversubscription of the N409.9 billion initially offered by the apex bank across […]
A violent incursion by armed bandits in the early hours of February 4, 2026, has left at least 40 people dead in a rural community within Kwara State. The casualties include several Nigerian Army personnel who were stationed in the area to provide security for local infrastructure and farming settlements. The attackers reportedly moved through […]
President Bola Ahmed Tinubu has stated that the Nigerian government will maintain its current trajectory of economic reforms, emphasizing that there will be no reversal of the policies initiated since mid-2023. The President made these remarks on February 3, 2026, during a high-level meeting at the State House in Abuja with a delegation from the […]
Nigeria’s headline inflation rate is projected to surge sharply to 33.6% in December 2025, bringing an abrupt end to an eight-month disinflation streak, as unfavourable base effects from last year’s CPI rebasing take hold, according to Afrinvest Limited. Ahead of the National Bureau of Statistics’ inflation report, Afrinvest said its model indicates a steep reversal […]
As inflation continues to bite, Nigerians are increasingly turning to promotional sales and discounted products to stretch household budgets, checks by The Daily Times reveal. End-of-year promotions, price cuts, and “up to 80 per cent off” deals are no longer mere marketing tactics but essential survival strategies for millions of consumers facing rising prices of staples and […]
Nigeria’s inflation trajectory showed a notable improvement in October 2025, with the headline inflation rate easing to 16.05%, down from 18.02% recorded in September 2025. The National Bureau of Statistics (NBS), which released the latest figures on Monday, noted that the year-on-year headline inflation stood at 17.82%, lower than 33.88% in October 2024. According to […]
The National Bureau of Statistics (NBS) has revealed a decline in inflation rate from 21.88% in July 2025 to 20.12% in August 2025. The statistics was made available on Monday, following the monthly review approach to determine the state of the economy. The headline inflation stood at 0.74% in August, reflecting a moderation compared to […]
Nigeria’s annual inflation rate eased to 21.88 percent in July from 22.22 percent in June, the National Bureau of Statistics (NBS) said on Thursday. It is the fourth consecutive monthly decline since the statistical agency updated its methodology earlier this year, including a new base year and reweighted Consumer Price Index (CPI) basket. The changes […]
Nigeria’s inflation rate is projected to decline for the second month in a row in July, as analysts point to the start of the harvest season, stable exchange rates and lower logistics costs. In its latest forecast, Financial Derivatives Company (FDC) projected headline inflation to ease to 21.34 percent in July from 22.22 percent in […]
BY SAMI TUNJI Nigeria’s macroeconomic indicators are beginning to show signs of recovery. Reforms such as the removal of fuel subsidy, exchange rate unification, and increased interest rates have garnered praise from global institutions. Yet, beneath the surface of this policy reset lies a harsh reality: the lives of ordinary Nigerians are not getting easier. […]
BY MOTOLANI OSENI Nigeria’s manufacturing sector recorded a significant nominal output of N33.43 trillion in the second half of 2024, reflecting a 34.9 per cent surge driven largely by escalating inflation and rising domestic prices, the Manufacturers Association of Nigeria (MAN) has revealed. Director-General of MAN, Segun Ajayi-Kadir, disclosed this during the release of the […]
On Wednesday, Wall Street experienced a rally as investors interpreted the Federal Reserve’s signals to mean that interest rates would continue to be cut despite rising inflation. Fed Chair Jerome Powell reiterated his view that inflation driven by tariffs would be temporary. The Fed left rates unchanged; however, its updated economic forecasts showed expectations of […]
BY TEMITOPE ADEBAYO Despite a significant drop in Nigeria’s inflation rate to 24.48 per cent in January, analysts have warned that price pressures persist, dampening any premature celebrations. The National Bureau of Statistics (NBS) announced the rebased inflation figure, reflecting a shift to 2024 as the new base year. This marks a sharp decline from […]
The managing director/CEO of Arthur Stevens Asset Management Limited, Olatunde Amolegbe, has projected that a stable foreign exchange market and falling inflation rates could drive significant growth in Nigeria’s equities market in 2025. Amolegbe, stated this at the Capital Market Correspondents Association of Nigeria (CAMCAN) review of the 2024 economic activities and expectations for 2025, […]
BY MOTOLANI OSENI Nigeria’s headline inflation rate eased to 32.15 per cent in August 2024, a slight improvement from the 33.40 per cent recorded in July, according to the latest Consumer Price Index (CPI) report by the National Bureau of Statistics (NBS). This marks the second consecutive month of deceleration in inflation, reflecting a 1.25 […]
By Motolani Oseni Nigeria’s inflation rate climbed to a new high in April 2024, reaching 33.69 per cent, according to the latest data released by the National Bureau of Statistics (NBS) on Wednesday. The latest jump in inflation figures represents a significant increase from the 33.2 per cent recorded in March and a substantial jump […]
By Motolani Oseni The National Bureau of Statistics (NBS), has said the nation’s inflation rate for January 2024 surged to 29.90 percent. This represents a significant increase from the 28.92 percent recorded in December 2023. Amidst rising costs of goods and services in the country, the NBS also put food inflation at 35.41 percent compared […]
..Falana blames leadership, calls for mechanized farming …Pensioners threaten to protest naked BY ADA DIKE & STEPHEN GBADAMOSI Nigeria’s soaring inflation is leaving bitter pills in the mouths of citizens as prices of food items have been raised sharply beyond many. At the moment most Nigerians are finding it difficult to eat. Two days ago, […]