Nigeria’s headline inflation rate as of May 2024 rose to 33.95 per cent, according to the latest data released by the National Bureau of Statistics. The...
Nigeria’s headline inflation rate has increased to 33.95 percent in May. The National Bureau of Statistics (NBS) disclosed in its latest Consumer Price Index (CPI) released...
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...
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...
Food and non-alcoholic Beverages and housing were major drivers of the inflation rate in August 2023, as inflation soared to 25.80 per cent. The National Bureau...
In the first six months of 2023, several economic policies, amid an election and change in administration, have had an impact on the country’s inflation rate...
Nigeria’s inflation rate rose from 22.41 per cent in May 2023 to 22.79 per cent for June 2023, according to the latest report released by the...
The World Bank has projected Nigeria’s inflation rate to reach 25 percent this year due to the removal of fuel subsidy. The World Bank had in...
[responsivevoice_button voice=”UK English Female” buttontext=”Listen to Post”] The National Bureau of Statistics (NBS) on Wednesday announced that Nigeria’s inflation rate reduced by 0.37% to 17.01% in...
Nigeria’s Gross Domestic Product (GDP) grew by 5.01 percent in the second quarter (April, May, June) of 2021, according to the Nigeria Bureau of Statistics (NBS)....
Nigeria’s inflation rate dropped further for the second consecutive month to stand at 17.93% in May 2021 from 18.12% recorded in April 2021. This is contained...
The Youth Party has urged the federal government to step up efforts to tackle insecurity, review some of its monetary policies and take urgent measures towards...
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) has expressed concerns over the rising rate of inflation within the country. The surge...
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 Lagos Chamber of Commerce and Industry (LCCI) has raised the alarm over the high inflation rate and debt profile of the country. The Chamber also...
Deceleration in farm produce and imported food, reflecting waning impact of festive period induced demand for grains and imported items may have impacted positively on the...
New statistical figures have shown that Consumer Price Index which measures inflation dropped to 11.37 per cent in January 2019 as opposed to 11.44 per cent...
The Central Bank of Nigeria (CBN) has said that it expects inflation rate in the country to increase to 11.4 percent for the remaining part of...
The country’s inflation rate dropped by 0.02% from 11.28% in September to 11.26% in October, the National Bureau of Statistics (NBS) has said. This followed the...
The Central Bank of Nigeria (CBN) may consider raising its key lending rate for the first time in two years if the inflation rate fails to...
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...
Barely a week after the International Monetary Fund (IMF) predicted Nigeria’s exit from recession in 2017, it has idendified fresh huddles that could make the envisioned...
The National Bureau of Statistics said on Monday that Nigeria’s inflation rate hit a six-year high in April, reaching 13%. The rates were put at 12.8%...
Nigeria’s annual inflation rose to a near four year high of 12.8 percent in March from 11.4 percent in February, driven by a rise in food...
Nigeria’s inflation rate in February rose by 11.4 per cent compared to the 9.6 per cent in January, the National Bureau of Statistics (NBS) said on...
