Nigeria’s new inflation figures fall to 24.48%, after rebasing exercise
Nigeria's headline inflation dropped to 24.48% from 34.80% after a rebasing exercise. The rebasing updated the basket of goods from 740 to 960 items.
Cafe One raises co-working prices citing rising costs
Cafe One increased daily rates for non-cardholders by 37% to ₦7,930 effective January 1, 2025. Card members' fees rose from ₦3,870 to ₦5,870.
Rebasing Nigeria’s GDP: Tech, creative industry show promise as key economic drivers
Nigeria plans to rebase its GDP at the end of January 2025. Sectors expected to benefit include Marine and Blue Economy, Art, Culture, Tourism, ICT, and Creative Economy.
Nigeria’s inflation rises to 34.80%, as NBS site resumes service after one-month break
Nigerian households faced a squeeze in purchasing power as consumer prices rose throughout 2024. Headline inflation in Nigeria reached 34.80%, with food inflation at 39.84% during December.
What Nigerian digital lenders can learn from the informal sector
Over 41 million MSMEs in Nigeria provide 60% of the country's jobs. Less than 6% of MSMEs in Nigeria have accessed financing.
