Category : Search result: inflation data


Nigeria's N777 Billion Arms Import Bill Revealed

National Bureau of Statistics data shows Nigeria spent N776.9 billion on arms imports from 2020-2025, with 2024 recording the highest expenditure at N520 billion amid rising insecurity.

Nigeria's Inflation Falls to 16.05% in October

Nigeria's inflation rate declines to 16.05% in October 2025, marking the seventh consecutive month of decrease. Food inflation shows significant improvement while urban areas face slight pressure.

Inflation falls to 16.05% in October 2025

Nigeria's inflation rate drops to 16.05% in October 2025, marking the lowest level since 2017. Discover how food prices and policy changes are driving this positive trend.

Starlink Gains as Spectranet Loses Subscribers

Starlink rebounds with 66,523 subscribers while Spectranet dips below 100,000 in Nigeria's competitive ISP market. Discover the shifting dynamics of internet service providers.

Nigeria's Data Breaches Soar 10x in Q3 2025

Nigeria faces a cybersecurity crisis with 566,300 accounts breached in 2025. A new Surfshark report reveals a tenfold increase in leaks, putting millions at risk of identity theft.

Lagos Cuts Food Prices 25% for Christmas

Lagos State introduces 25% subsidy on rice, beans, garri and other essentials ahead of Christmas. Governor Sanwo-Olu's initiative aims to ease cost of living during festive season.

Google's €5.5B German AI Investment Plan

Google announces its largest-ever investment in Germany with €5.5 billion for data centers and AI infrastructure, creating 9,000 jobs annually by 2029.

German court rules against OpenAI in copyright case

A German court has ruled that OpenAI infringed copyright by using song lyrics to train its AI models. This landmark decision could impact artists across Europe and set a precedent for AI copyright law.

Nigerian Stock Market Plunges Amid Economic Worries

Nigeria's financial markets experience significant downturn as rising interest rates, inflation fears, and job market instability spook investors. Key indices drop amid growing economic uncertainty.

1.97M New SIMs Deployed as Nigeria's Data Usage Dips

Latest NCC data reveals surprising telecom trends: SIM card registrations surge while data usage experiences unexpected decline, signaling shifting consumer behavior in Nigeria's digital landscape.

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