Multichoice Group, an African pay-TV operator has blamed inflation for the loss of 243,000 subscribers in six months by its Nigerian subsidiary between April and September...
The Governor of the Central Bank of Nigeria (CBN) Olayemi Cardoso has reiterated the willingness of the apex bank to deploy all tools to curb inflation....
Following the latest hike in Nigeria’s inflation rate on Tuesday October 15, 2024, economic think-tank, the Centre for the Promotion of Private Enterprise (CPPE) has cautioned...
After two consecutive declines, the consumer price index (CPI), which measures the rate of change in prices of goods and services, rose to 32.7 percent in...
The National Bureau of Statistics (NBS) has revealed in a new report that residents of Ogun, Lagos, and Rivers States paid more for a balanced diet...
The Nigeria Labour Congress (NLC) has refuted claims that its ongoing confrontations with the government are solely focused on wage issues. Instead, the NLC emphasizes that...
Despite the several measures put in place by the federal government of Nigeria to cushion the rising cost of food items, a fresh report on Selected...
For the first time since December 2022, Nigeria’s headline inflation rate decreased to 33.40 per cent in July 2024, fresh data from the National Bureau of...
The Federal Competition and Consumer Protection Commission (FCCPC) is set to engage key players in the supply and distribution chain to address the issue of exorbitant...
In a development that has further worsened the economic conditions of Nigerians, the prices of staple food items like beans, yam, tomatoes, potatoes and others have...
In a move aimed at curbing rising inflation, the Central Bank of Nigeria (CBN) has raised its benchmark interest rate, the Monetary Policy Rate (MPR), to...
National Bureau of Statistics (NBS) has revealed that Nigeria’s headline inflation rate rose to 34.19 percent in June. This was up from the 33.95 percent recorded...
PricewaterhouseCoopers (PwC), a multinational professional services firm, has offered a cautiously optimistic outlook for Nigeria’s inflation rate. Their latest economic report predicts a decline to 29.5%...
The Abuja Chamber of Commerce and Industry (ACCI) has decried the persistent rise in food prices across the country which it said had worsened the poverty...
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....
