Tag: inflation
Growth on paper, hardship in reality — Analysts break down Nigeria’s GDP puzzle
He concluded that until inflation drops and incomes rise, GDP growth will remain encouraging on paper but disconnected from people’s…
Economic outlook brightens as Nigeria sees ongoing price stability
The NBS said the increase in monthly food prices came from higher prices of items such as onions, oranges, pineapples,…
FX: Naira shows signs of recovery, dives below N1,500/$
This is its strongest level since March 5, 2025. For the second time this week, the naira traded below the…
Nigeria’s inflation drops to 24,48%
Adeniran also said that the food inflation was 26.08 per cent year on year for January 2025 while it was …
There will be lower inflation in 2025 – Bagudu
“We also expect more funding of security and better security, and all those priority areas; human capital development, education, health.…
Explainer: How proposed VAT reform in tax bills will reduce inflation
However, unlike the 2019 VAT rate increase proposal which was not accompanied by measures to reduce costs, the current proposal…
Inflation: Consumer Protection Commission to Engage Market Leaders
In the coming days, the Federal Competition and Consumer Protection Commission (FCCPC) will be engaging leaders of markets and others…
Reducing Inflation to Tackle Poverty
The Governor of Central Bank (CBN), Mr. Olayemi Cardoso guaranteed Nigerians that the high inflation witnessed throughout the nation would…
How to tame Nigeria’s rising inflation
On a year-on-year basis, the headline inflation rate was 5.27 percent higher compared to the rate recorded in August 2022,…
Inflation: Bank of England jacks up interest rate to 3%, biggest hike in 33 years
The last time rates increased by more than 0.5% was in 1989. John Major’s government was forced into a 2%…
Nigeria’s Inflation hits 19.64%, better than in Ghana, Ivory Coast
In comparative analysis, inflation rate in Nigeria is still far below what trends in West Africa, notably Ghana.
Nigeria’s inflation shoots up to 17.71 percent in May
This is 0.89 percent higher than that of April which stood at 16.82 percent.
Austria introduces aid package to fight inflation
Finance Minister Magnus Brunner said the bill, which included measures set to last through 2026, would include immediate measures such…
What inflation means for trading
The first step banks will take when faced with inflation is to increase loan and credit interest rates. On the…
Fuel crisis may worsen inflation: Statistician-General
The statistician-general said that CPI for January was 15.60 per cent from 15.63 per cent recorded in December 2021.
Rising inflation: FG accused of economic mismanagement
An organization, The Youth Party, has accused the federal government of inflicting pain and hardship on the citizens, by its…
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Emefiele: Bandits, terrorists, herdsmen cause of Nigeria’s inflation
Mr Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), has attributed the country’s rising inflation to worsening insecurity,…
#EndSARS: Inflation may rise if looting continues — Economist
Dr Aminu Usman, an Economist says inflation may worsen if looting continues and states are forced to shut down, especially…
New minimum wage will not cause inflation – Expert
An economic expert, Prof. Uche Uwaleke said the new minimum wage would not lead to inflation contrary to speculations by…
Nigeria’s inflation stands at 11.25 percent in March
Nigeria's inflation in the month of March 2019 stands at 11.25 percent, the National Bureau of Statistics, NBS, reports on…
New minimum wage: Kaduna civil servants fear inflation
Some civil servants in Kaduna State have hailed the approval of N30,000 minimum wage for workers in the country, but…
February: Nigeria’s inflation rate hits 11.31% – NBS
The National Bureau of Statistics (NBS), says the Consumer Price Index (CPI) which measured inflation decreased to 11.31 per cent…
Zimbabwe inflation hits 59.39%
Zimbabwe’s inflation rose to a new 10-year high of 59.39 per cent year-on-year in February from 56.9 per cent in…
Nigeria’s inflation drops by 0.07 percent in January – NBS
Nigeria's inflation dropped by 0.07 percent in January 2019, the National Bureau of Statistics reports.
Nigerians project rise in inflation in next 12 months — CBN report
Some Nigerians have projected rise in inflation and borrowing rates as well as naira appreciation in the next 12 months.…
Nigeria’s inflation rate drops in October – NBS
The National Bureau of Statistics (NBS) says the Consumer Price Index (CPI), which measured inflation for October decreased to 0.74…
2019 budget size will reduce inflation threat – Expert
A financial expert, Prof Uche Uwaleke, on Thursday said that the Federal Government’s decision to reduce the size of the…
Oil price rise, currency drop raise inflation threat in Ghana
The combination of rising oil prices and the fall in Ghana’s currency is threatening to push up inflation, the country’s…
Inflation: Financial analysts blame flooding, herdsmen attacks
Financial analysts on Wednesday blamed flooding and persistent herdsmen attacks for the steady rise in Nigeria’s headline inflation for two…
Nigeria’s inflation rises to 11.28 percent in September – NBS
The National Bureau of Statistics (NBS) says the Consumer Price Index, (CPI) which measured inflation for September increased to 11.28…