The International Monetary Fund (IMF) on Friday called for a tight monetary policy to firmly lower Nigeria’s inflation. IMF’s mission chief for Nigeria, Axel Schimmelpfennig, made...
The Nigeria Bureau of Statistics (NBS) has disclosed that in April 2024, the headline inflation rate increased by 0.49% points to 33.69% from 33.20% in March...
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...
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...
Inflation in April 2022 increased to an 8-month high of 16.82 per cent amid rising food prices and weak Naira which has made the cost of...
The National Bureau of Statistics (NBS) has revealed that Nigeria’s inflation for the eight consecutive months has dropped and now stands at 15.40% in November from...
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...
Bitcoin has been a perfect hedge against Nigeria’s double-digit inflation in the last two years, but as consumer price index (CPI) declines, the adoption of the...
Nigeria’s inflation rate fell for the seventh consecutive month in October to 15.99 percent, the lowest since December 2020. The National Bureau of Statistics disclosed this...
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...
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...
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....
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...
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 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 Nigeria’s inflation rate has rebounded in August for the first time since January 2017 after recording 18 consecutive months of downward trend, according to the...
Nigeria’s inflation rate has dropped in June for the 17th consecutive time, even as it recorded the lowest drop in five months indicating the economic indicator...
Nigeria’s Consumer Price Index (CPI) further dropped for the 16th consecutive month in May, moving the index closer to the Central Bank of Nigeria’s (CBN) target,...
Analysts expect Nigeria’s inflation rate to decline further when the August 2017 report is released, making it the seventh consecutive month that the country will witness...
Despite the claim by the CBN Monetary Policy Committee announcement that it had put a policy in place to check the steady rise of Nigeria’s consumer...
