32 articles tagged
Inflation in the Eurozone has surpassed the European Central Bank's target due to escalating energy prices stemming from a global oil crisis. This situation complicates the ECB's monetary policy decisions.
This analysis explores the macroeconomic consequences of the ongoing conflict between the US, Israel, and Iran, focusing on its potential effects on inflation in Nigeria. The findings indicate a significant vulnerability within Nigeria's economy, especially concerning critical commodities like crude oil and wheat.
Alhaji Aliko Dangote has expressed concerns that the ongoing tensions in the Middle East will lead to higher fuel prices, increased transport expenses, and rising inflation across Nigeria and other African nations.
The Centre for the Promotion of Private Enterprise (CPPE) has cautioned that escalating global oil prices due to the ongoing US/Israel and Iran conflict pose risks to Nigeria's disinflation efforts. Although inflation eased slightly in February, it does not reflect a genuine reduction in living costs or improved business conditions.
South Korean President Lee Jae Myung has appointed Shin Hyun-song, a senior economist from the Bank for International Settlements, as the new governor of the Bank of Korea. Shin's appointment comes amid rising inflation concerns and a complex economic landscape.
Inflation is increasingly affecting Nigerian education, with rising costs leading families to make difficult decisions about schooling. As education expenses rise, many students are transferring from private to public schools, overwhelming already stretched resources.
The Lagos Chamber of Commerce and Industry (LCCI) calls for strategic policies to sustain reduced inflation levels, emphasizing the importance of exchange-rate stability, food security, and structural reforms.
As tensions in the Middle East increase, global markets are reacting with rising inflation fears driven by surging oil prices. In Nigeria, inflation has eased to 15.06%, though rising gasoline costs threaten to impact everyday life.
According to the National Bureau of Statistics, Nigeria's headline inflation has decreased to 15.06% in February 2026, down from 15.10% the previous month. This marks a significant reduction from 26.27% recorded in the same month last year.
The Nigeria Labour Congress (NLC) has called on federal and state governments to implement wage awards and a cost of living allowance as workers face increasing living expenses. With petrol prices surging significantly, the NLC is urging immediate intervention to support struggling employees.
Escalating tensions involving Iran have raised global fears of disrupted fertiliser supplies, potentially leading to food shortages and renewed inflation in Nigeria and other nations. Experts urge immediate government action to safeguard food security.
Global stock markets experienced a downturn as oil prices surged past $100 per barrel following new Iranian attacks on maritime shipping, raising concerns about market volatility and inflation.
Inflation in Venezuela skyrocketed to approximately 475% in 2025, making it the world's highest rate, according to the nation's central bank. This surge is attributed to significant economic pressures stemming from intensified U.S. sanctions.
Ghana's inflation rate has sharply decreased to 3.3% as of February 2026, attributed to tighter monetary policies and improved exchange rate stability. This turnaround comes after a period of economic challenges that peaked with inflation rates at 54% in 2022.
Prof. Ademola Adenikinju, former president of the Nigerian Economic Society, emphasizes that many Nigerians are still grappling with high costs for basic necessities despite what official data suggests. He highlights affordability as a significant issue affecting daily life.
