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...
Amidst the crippling inflation driven by rising cost of food items across the country, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun,...
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...
The National Bureau of Statistics (NBS) said on Monday the country’s inflation rate increased to 33.2% in March. The agency disclosed this in it’s consumer price...
Senate Leader, Opeyemi Bamidele has predicted a significant fall in the rate of inflation in the country by the middle of 2024, citing current economic indices....
The Chairman of Dangote Group, Alhaji Aliko Dangote, has expressed optimism that the sale of diesel at a significantly lower price by his refinery, Dangote Refinery...
The World Bank has projected a significant drop in Nigeria’s inflation rate to 24.8 percent year-on-year in 2024. The country’s inflation currently stands at 31.7 percent...
Nigeria’s headline inflation has moved up to 31.70 percent in February up from 29.90% in January 2024, latest data released by the National Bureau of Statistics...
The Federal Government, on Sunday, said it is committed to bringing down inflation, stabilising foreign exchange rates, tackling insecurity, and creating a truly enabling environment for...
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has disclosed that the apex bank was working to reduce the headline inflation rate to...
Nigeria’s inflation rate has continued its upward increase, hitting 28.92 in December 2023 up from 28.20% recorded in the previous month of November 2023. The increase...
Nigeria’s inflation rate for the eleventh consecutive month rose higher, reaching 28.2 percent in October 2023, according to the National Bureau of Statistics (NBS). The NBS...
Despite the rising inflation rate in Nigeria, the Central Bank of Nigeria (CBN) has declared that the monetary policy reforms put in place have started having...
Nigeria’s inflation rate continued its upward journey as the latest report from the National Bureau of Statistics (NBS) showed that it surged to 27.33 per cent...
Nigeria’s headline inflation rate has been tipped to hit 30% by December 2023, global financial advisory service firm, Klynveld Peat Marwick Goerdeler (KPMG) has predicted. KPMG...
Nigeria’s inflation rate has increases to 26.72 per cent for September 2023, according to the National Bureau of Statistics (NBS). The body made this known on...
The prices of basic food items in Nigeria have continued to soar as food inflation rate has climbed another notch in the month of August, according...
The National Bureau of Statistics (NBS) recently disclosed that Nigeria’s inflation rate rose from 22.79 per cent in June to 24.08 per cent in July 2023....
The National Bureau of Statistics (NBS), in its latest report, said Nigeria’s headline inflation jumped to 24.08 per cent in July 2023. Ripples Nigeria reports that...
The Federal Government and the Central Bank of Nigeria (CBN) have been counseled to find other means of controlling inflation in the country other than raising...
The rate of inflation in Nigeria has been defended by the Central Bank of Nigeria (CBN), which insisted that it is better when compared to most...
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...
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...
The National Bureau of Statistics (NBS) on Thursday revealed that the nation’s inflation rate had risen to 22.41 per cent in the month of May. This...
Nigeria’s headline inflation rate rose to 22.22 percent in April, the National Bureau of Statistics (NBS) said on Monday. The country’s inflate was pegged at 22.04...
For the third consecutive month in 2023, the consumer price index (CPI), which measures the rate of change in prices of goods and services has increased....
A new report by Afrinvest (West Africa) Limited, a wealth advisory firm, has revealed that Nigeria’s rising inflation rate has led to a 41% erosion of...
Nigeria’s inflation rate climbed to a new 17-year high of 21.91% in February 2023 on the backdrop of the new naira note design and uncertainties relating...
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...