Nigeria’s headline inflation, which measures the cost of living through average change in the prices of goods and services consumed in everyday living, quickened to 13.71%...
A former deputy governor of the Central Bank of Nigeria (CBN), Kinsley Moghalu has expressed his thought on the only way Nigeria’s economic mess could be...
Nigeria’s Consumer Price Index, which measures the average change over time in prices of goods and services consumed in everyday living, climbed to 13.22% in August....
Bakers in the country Thursday announced possibility of increasing the prices of bread on account of rising costs of sugar, flour, fuel and electricity. The declaration...
Nigeria’s inflation rate rose to its 27-month high and for the 11th consecutive month in July, the statistics office said on Monday as the coronavirus pandemic disrupted...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market, mainstream business activities...
Nigeria’s Consumer Price Index, which measures inflation using the weighted average price of a basket of a number of consumer essentials, jumped 0.16% higher to 12.56%...
Nigerians are pessimistic that the country’s galloping inflation rate would hamper the economy further in the next twelve months, data obtained from the Central Bank of...
Nigeria’s headline inflation, sometimes called the Consumer Price Index, which measures the rate of price shift in an assortment of food items and other household essentials,...
Nigeria’s inflation rate rose for the ninth consecutive month in May amidst increase in food and drug prices, the statistics office said on Wednesday as the...
Nigeria’s inflation touched its two-year high of 12.34% in April, the statistics office said on Thursday, propelled by rise in food prices as Africa’s biggest economy...
Inflationary pressure on the Naira might strengthen in the short term as the total currency in circulation enlarged from N2.29 trillion at the end of March...
Nigeria’s inflation rate hit 12.26% year on year in March, marking the highest point it had attained in 23 months, the National Bureau of Statistics (NBS)...
Nigeria’s annual inflation rose to 12.20% in February, making it the sixth month in a row the figure would escalate, the National Bureau of Statistics declared...
Nigeria’s headline inflation reached its peak in a 21-month period to January 2020 and is now 12.13%, figures released by the National Bureau of Statistics (NBS)...
Economic policies instituted by the Nigerian government are fighting back like a cornered fox. The National Bureau of Statistics (NBS) on Friday released its Consumer Price...
Nigeria’s inflation rate climbed to 11.85% in November 2019, up from the 11.61% recorded in October 2019. The change represented a 0.24% increase. The National Bureau...
The Zimbabwean government has said it plans to introduce a new currency which would have denominations with a maximum value of $0.25. This was revealed on...
A quarterly survey report titled Inflation Attitudes Survey Report for Q3 2019 released by the Central Bank of Nigeria (CBN) has shown that Nigerians would rather have...
The Central Bank of Nigeria, CBN, will continue to implement policies that will help reduce the importation of goods that can be produced locally in the...
Nigeria’s inflation rate has dropped to 11.25 percent year on year for March 2019, the National Bureau of Statistics, NBS, said on Tuesday. According to the...
Nigeria’s inflationary rate for March, 2019 has been projected to stand at 11.2 percent by the Lagos based Financial Derivatives Company, FDC. According to the National...
Vice-President Yemi Osinbajo has downplayed the Nigeria’s growing debt burden, insisting that it is one of the lowest in the world when compared to the size...
The Central Bank of Nigeria, CBN, has estimated that the country’s inflationary rate will rise to 12 percent and thereafter moderate. The Governor of the CBN,...
Private sector operators under the aegis of the Nigerian-American Chamber of Commerce (NACC), have described the need for improved governance to aid improvement in the standard...
The National Bureau of Statistics (NBS) has released its Consumer Price Index (CPI) report for December 2018, indicating that inflation rose from 11. 28 percent in...
IF analysts’ projections are anything to go by, the recent reversal in the inflationary developments in the economy towards uptick is set to be sustained not...
The Consumer Price Index, measuring inflation rate, increased from 11.26 percent in October to 11.28 percent year-on-year in November, according to the latest inflation report by...
As workers and their unions celebrate the N30,000 new minimum wage approved by President Muhammadu Buhari yesterday, analysts have expressed fear that the fresh wage regime...
Nigeria’s inflation rate has risen for the second consecutive month in September on continued shortage of food supply in the market, data from the National Bureau...
The Premium Bread Makers Association of Nigeria has warned that the increase in the cost of baking ingredients may soon warrant an upward review of the...
Nigeria’s inflation rate has dropped in July for the 18th consecutive time, the National Bureau of Statistics (NBS) has said. In the July inflation report by...
Nigeria’s inflation rate is expected to drop Year-on-Year (YoY) for the eighteenth month to 11.01 percent in July, FSDH has said. The index, according to the...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday retained the key lending rate at record-high of 14 percent for the...
Nigeria’s inflation rate is expected to drop for the 17th consecutive month in June, indicating that prices of goods and services increased in June at a...
Nigeria’s inflation rate further dropped for the 15th consecutive month in April, creating a positive outlook for interest rate cut to drive growth. This is contained...
Latest report released by the National Bureau of statistics, indicates that Nigeria’s inflation rate has dropped to 15.13 percent in January from the 15.37 percent recorded...
Inflation in Nigeria maintained a downward trend between April and May 2017, having recorded 16.25 per cent in May, compared with 17.24 per cent it posted...
The National Bureau of Statistics (NBS) has released the latest inflation rate, indicating the first slowdown in the inflationary trend in the past 15 months. The...
Uneasy calm has gripped policy makers as expectations have remained high as the CBN’s Monetary Policy Committee (MPC) commences its two-day first meeting of 2017 on...
Inflation rate, which measures changes in prices of items, trended upward to its highest in more than 11 years in December 2016. This beats several analysts’...
Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, on Tuesday, at the MPC confirmed that there will be no downward review of the high...
A new twist has been added to the face-off between the CBN Governor, Godwin Emefiele and the Minister of Finance, Kemi Adeosun, on how interest rate...
The National Bureau of Statistics, NBS, recently released another frightening figure indicating that the current inflation rate in the country is on the rise, and that...
Average return on the Nigerian equities worsened to -9.27 per cent on Monday as the stock market reopened to continuing selloff. The National Bureau of Statistics...
The National Bureau of Statistics (NBS) has just released the latest inflation rate, indicating another spike in inflation rate to 18.33 per cent, 0.48 percentage points...
First Nation Airways, one of the local airlines that announced winding down operations in Nigeria, due to economic meltdown, has made a u-turn saying it will now resume operations before September 15, 2016. The airline Monday morning in a statement signed by its Corporate...
Moody’s, the global rating agency, has predicted a further rise in the already historic high in the nation’s inflationary rate to 18 per cent. According to...
The Minister of Finance, Kemi Adeosun, has voiced what may be the official position of the Federal Government over the current economic crisis the nation is...
Nigeria’s annual inflation rate has maintained its upward rise hitting 17.1 per cent from 16.5 per cent recorded in June, without any sign of improvement in...
