The currency of Nigeria, which has recently shown signs of appreciation against the dollar.
Jollof rice becomes Nigeria’s new inflation barometer
The national average cost of a pot of jollof rice in Nigeria surged to ₦27,528 as of June 2025. Bauchi recorded the highest cost at ₦41,050, a 587% increase from 2016 levels.
Nigeria’s inflation slows in third consecutive month to 22.22%
Nigeria's headline inflation decelerated to 22.22% in June, down from 22.97% in May. Food inflation increased slightly to 21.97% in June compared to the previous month.
Nigeria’s inflation cools to 22.97% in May as food risks mount
Nigeria's headline inflation decreased to 22.97% in May from 23.61% in April. Food inflation marginally declined to 21.14% in May compared to the previous month.
MTN Nigeria 2024 losses widen to ₦400 billion in two years
MTN Nigeria reported a ₦400.44 billion loss after tax for the full year of 2024. The company experienced a 70% currency plunge following President Bola Ahmed Tinubu’s election.
Nigeria Moves to Tax Cryptocurrency Transactions
Nigeria is amending regulations to tax cryptocurrency trading and digitized transactions. The SEC is drafting new rules to ensure transactions on regulated exchanges are taxed.
