The National Bureau of Statistics (NBS) has revealed that Nigeria’s inflation returned to upward movement as it was high at 21.82 percent in January 2023. January...
Nigeria’s inflation rate slowed to 21.34% in the month of December 2022 from 21.47 percent in the previous month. The National Bureau of Statistics (NBS) announced...
Hello, and welcome to the Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to...
The World Bank has announced that Nigeria’s growing inflation rate has cut the existing minimum wage by 55% and has raised the number of poor by...
Inflation in Nigeria accelerated for the 10th straight month to 21.47% in November. The figure means that in the month of November 2022, the general price...
Penultimate Wednesday, President Muhammadu Buhari unveiled the new naira redesigned by the Central Bank of Nigeria (CBN). The redesigned naira was received with mix reactions. Many...
The Rice Farmers Association of Nigeria and Tiamin Rice Company have signed a memorandum of agreement for the processing and sale of rice domestically and abroad....
The National Bureau of Statistics (NBS) has revealed that Nigeria’s inflation rate surged to 21.09% in October 2022, the highest in over 19 years. NBS stated...
Residents and businesses in the United Kingdom have been told to brace for a rise in cost of living, as the Bank of England (BoE) expects...
The National Bureau of Statistics (NBS) has revealed that Nigeria’s inflation rate surged to 20.77% in September 2022 , the highest rate since September 2005....
On Friday last week, the National Bureau of Statistics (NBS) announced Nigeria’s headline inflation rose 20.52 percent in August 2022 on a year-on-year basis. This is...
Nigeria’s headline inflation maintained its upward trend as it rose 20.52 percent in August 2022 on a year on year basis, Nigeria’s data agency, the National...
The United States inflation slowed to 8.3% in August, the second drop in two months after hitting 9.1% in June, a four decades high. Last month’s...
Nigeria’s GDP grew 3.54% in the second quarter, slower than in the same period a year earlier, as oil production declined and inflation rose. The Q2...
“Ko ko Ko. Pon Pon, Pon. . Helloo oh” “Who be dat?” “Na me oh?” “Who be na me? You don’t know your own name? I say...
Nigeria’s Consumer Price Index (CPI) otherwise known as the headline inflation sustained its upward movement as it rose to 19.64 percent in July 2022 on a...
The Minister of Agriculture and Rural Development, Dr. Mohammad Abubakar, has raised an alarm over the escalating rise in prices of food items in the country,...
The National Bureau if Statistics on Friday revealed that the nation’s headline inflation rate increased to 18.60 per cent in June, up from 17.71 per cent...
Bismarck Rewane, the managing director of Financial Derivatives Company has stressed for the need for the National Bureau of Statistics (NBS) to reconstruct Nigeria’s inflation calculation....
Nigeria’s inflation rate has increased to an 11-month high to hit 17.71 per cent in May 2022. The National Bureau of Statistics (NBS) said this in...
The International Monetary Fund (IMF) has projected that Nigeria’s Consumer Price Index will hit 16.1 per cent in 2022. It stated this in its Regional Economic...
Nigeria’s inflation figure has hit 15.92%, the highest it ever has in the last six months. The National Bureau of Statistics (NBS) has announced that Nigeria’s...
Nigeria’s inflation rate took a swift turn in February rising to 15.7% from 15.6% recorded in the previous month. This represents a 0.1 percentage point increase...
Nigeria’s inflation rate dropped marginally to 15.60 percent year-on-year in January 2022. This is 0.87 percent points lower than the rate recorded in January 2021 (16.47)...
For eight consecutive months, inflation rate was on a decline in 2021, but that dip ended in December, as the Consumer Price Index (CPI) rose to...
It is not a merry Christmas for Nigerians due to Inflationary pressures on household incomes according to analysts at FBNQuests. In a report Friday, the analysts...
The World Bank has said that removing the petrol subsidy in January 2022 could cause the headline inflation rate to rise by an additional 2.0–2.5 percentage...
Nigeria’s inflation rate has dropped further to 16.63 percent in September from 17.01 percent reported in August 2021. The National Bureau of Statistics (NBS) disclosed this...
The International Monetary Fund (IMF) said on Friday inflation rate would rise higher in Nigeria and other emerging markets than in advanced economies by end of...
The National Bureau of Statistics (NBS) has revealed that Nigeria’s inflation rate dropped for the fourth consecutive month in July. According to the statistics body’s latest...
Nigerian manufacturers ran on increased production cost in the first half of the year, as foreign exchange challenges, epileptic power supply continue to batter their bottom-line...
Nigeria’s inflation rate decreased to 17.75 percent in June, from 17.93 percent in May according to the ‘Consumer Price Index Report for June’, released by the...
The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has revealed factors contributing to high headline inflation which has increased the cost of living...
Nigeria’s inflation rate dropped for the first time in two years to stand at 18.12 percent in April, beating analysts’ expectations. The National Bureau of Statistics...
Analysts have projected Nigeria’s inflation figures to increase to about 19 percent in April ahead of official report expected to be released by the National Bureau...
Currency in circulation continues to drop amid rising inflation in Nigeria, as the Central Bank of Nigeria (CBN) recorded a decline between January and February. January...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to the mainstream...
Nigeria’s inflation rate rose to 18.17% in March 2021, from 17.33% recorded in the previous month. This represents the highest inflation rate recorded in four years(49...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday expressed concern at the rising inflation in the country. The inflation increased...
Nigeria’s inflation rose to 17.33 percent in February 2021. This is 0.86 percent points higher than the 16.47 percent rate recorded in January 2021 16.47 percent....
The Organisation of the Petroleum Exporting Countries Plus (OPEC+) will consider loosening the grip on crude oil price as it skyrockets to its highest in a...
Bismarck Rewane, a member of President Muhammadu Buhari’s economic advisory team, has advised the Central Bank of Nigeria (CBN) on steps to take to temper the...
Nigeria’s inflation rate has risen to 16.47 percent with an increase of 0.71 percent between December 2020 and January 2021. The January figure represents a consecutive...
Nigeria’s inflation rate rose by 15.75% (year-on-year) in December, nearly 1% compared to 14.89% recorded in November 2020 on the back of border closure and insecurity....
The Nigerian economy will be much weaker if the prices of goods and services, or cost of living, keep rising, data from the Central Bank of...
Nigeria’s inflation rose for the 15th month in a row in November, touching a more than two-year high amid spiraling food prices fueled by land border...
The value of online food market in Africa’s most populous nation could hit $142 million (N66.740 billion at parallel market rate) before the year winds down,...
Nigerian inflation climbed for the 14th month in a row in October to 14.23%, its peak level in 30 months, driven by escalating food prices, the National...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to the mainstream business activities, while...
