Nigeria’s inflation rate rose to 34.80% in December 2024, slightly up from 34.60% in November, according to the latest National Bureau of Statistics (NBS) report. This surge is attributed to increased demand for goods and services during the holiday season, marking a 5.87% year-on-year rise from 28.92% in December 2023. This is the last inflation […]
Nigeria is currently experiencing one of its most difficult economic periods, and for the average consumer, life is becoming increasingly unbearable. With inflation soaring to record levels, the naira’s value plummeting, fuel subsidies removed, and prices skyrocketing across the board, many Nigerians are finding it nearly impossible to survive. The purchasing power of ordinary Nigerians […]
