An index measuring the average change over time in the prices paid by consumers for goods and services.
It cost ₦26,656 to cook a pot of Jollof in September 2025—SBM
The National Average Jollof Index showed a slight decline of 3.17% from June to September 2025. Food prices remain high due to insecurity, poor logistics, and rising living costs.
Nigeria’s Central Bank holds rates thrice in a row
Olayemi Cardoso maintained borrowing costs at 27.50% during the third interest rate meeting. The Central Bank's decision was influenced by a recent easing in consumer prices.
Nigeria’s inflation accelerates to 24.23% post-rebasing
Nigeria's inflation rate increased to 24.23% in March 2025, up from 23.18% in February. Food inflation decreased to 21.09% in March from 23.51% in February.
Nigeria’s Statistics Bureau to resume service in January 2025 after hack
Nigeria's National Bureau of Statistics (NBS) will be back online by the end of January 2025 after a cyberattack. The NBS confirmed the timeline during a workshop hosted by the Nigerian Economic Summit Group.
