By Seun Ibiyemi Nigeria’s headline inflation rate eased to 32.15 percent in August 2024 down from the 33.40 percent recorded in July 2024, reflecting a decrease of 1.25 percentage points. The NBS said this in its Consumer Price Index (CPI)…
The challenge of spiraling inflation and how to stem the tide has been central to stakeholders engagements in recent times. According to analysts at CardinalStone Finance, an investment house, the rising inflation pressure indicates that Nigeria remains within the top…
Despite frantic efforts by the President Bola Tinubu administration to stabilise the economy, the inflation rate has continued to rise on a monthly basis without drastic measures. Following the trends of inflation report by the National Bureau of Statistics (NBS)…
…Food, housing drive headline index increase — NBS …Food inflation rate skyrockets to 31.52% in October Nigeria’s inflation rate continues to soar, reaching a new high of 27.33 percent in October, up from 26.72 percent in September, according to the…
Nigeria’s headline inflation rate is expected to rise to 27.9 percent in October 2023, according to a forecast by Afrinvest West Africa experts. This comes after the country recorded a 16-year high Consumer Price Index (CPI) of 26.72 percent in…
Fitch Ratings has predicted that Nigeria’s inflation rate will decrease to 21.1 percent in 2024, compared to an average of 24.8 percent in 2023. The global rating agency stated this in its latest report, which maintained Nigeria’s long-term foreign-currency issuer…
The Central Bank of Nigeria has said the country’s inflation rate is better compared to most African nations. The Acting Governor of the CBN, Folashodun Shonubi, stated this on Tuesday at the 2023 Zenith Bank International Trade Seminar. Shonubi, who…
By Ogaga Ariemu Economists and financial experts have raised concerns that investors in Nigeria hardly profit due to harsh economic realities occasioned by an increase in the Monetary Policy Rate and untamed inflation rate. In an interview with Nigeria NewsDirect…
The National Bureau of Statistics (NBS), on Monday reported that Nigeria’s inflation rate had hit a 17-year high on the back of soaring food prices and supply chain disruption in September. The Consumer Price Index’s (CPI) report showed that inflation…
…Decision poses negative impact on equities — Security experts …Wrongly timed, won’t tame inflation, will rather hurt investors, businesses — CPPE …Rate hike will cut down borrowing, address rising liquidity — Chizea By Seun Ibiyemi and Ariemu Ogaga Again the Central Bank of…
