Nigeria’s inflation rate dropped marginally to 15.60 percent year-on-year in January 2022. This is 0.87 percent points lower than the rate recorded in January 2021 (16.47)...
For eight consecutive months, inflation rate was on a decline in 2021, but that dip ended in December, as the Consumer Price Index (CPI) rose to...
It is not a merry Christmas for Nigerians due to Inflationary pressures on household incomes according to analysts at FBNQuests. In a report Friday, the analysts...
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...
Nigeria’s inflation rate has dropped further to 16.63 percent in September from 17.01 percent reported in August 2021. The National Bureau of Statistics (NBS) disclosed this...
The International Monetary Fund (IMF) said on Friday inflation rate would rise higher in Nigeria and other emerging markets than in advanced economies by end of...
The National Bureau of Statistics (NBS) has revealed that Nigeria’s inflation rate dropped for the fourth consecutive month in July. According to the statistics body’s latest...
Nigerian manufacturers ran on increased production cost in the first half of the year, as foreign exchange challenges, epileptic power supply continue to batter their bottom-line...
Nigeria’s inflation rate decreased to 17.75 percent in June, from 17.93 percent in May according to the ‘Consumer Price Index Report for June’, released by the...
The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has revealed factors contributing to high headline inflation which has increased the cost of living...
Nigeria’s inflation rate dropped for the first time in two years to stand at 18.12 percent in April, beating analysts’ expectations. The National Bureau of Statistics...
Analysts have projected Nigeria’s inflation figures to increase to about 19 percent in April ahead of official report expected to be released by the National Bureau...
Currency in circulation continues to drop amid rising inflation in Nigeria, as the Central Bank of Nigeria (CBN) recorded a decline between January and February. January...
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 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) on Tuesday expressed concern at the rising inflation in the country. The inflation increased...
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....
The Organisation of the Petroleum Exporting Countries Plus (OPEC+) will consider loosening the grip on crude oil price as it skyrockets to its highest in a...
Bismarck Rewane, a member of President Muhammadu Buhari’s economic advisory team, has advised the Central Bank of Nigeria (CBN) on steps to take to temper the...
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...
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 Nigerian economy will be much weaker if the prices of goods and services, or cost of living, keep rising, data from the Central Bank of...
Nigeria’s inflation rose for the 15th month in a row in November, touching a more than two-year high amid spiraling food prices fueled by land border...
The value of online food market in Africa’s most populous nation could hit $142 million (N66.740 billion at parallel market rate) before the year winds down,...
Nigerian inflation climbed for the 14th month in a row in October to 14.23%, its peak level in 30 months, driven by escalating food prices, the National...
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 business activities, while...
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,...
