According to the National Bureau of Statistics (NBS), Nigeria’s inflation rate has once again risen, from 33.60% in November to 34.8% in December 2024. This continual increase in inflation is a growing concern for the nation, particularly since the current…
Nigeria’s headline inflation experienced a slight increase, reaching 34.80 percent in December 2024 according to the latest statistics released by the National Bureau of Statistics (NBS). The increase marks a marginal rise of 0.20 percent from November 2024’s rate of…
By: Austine Emmanuel, Kaduna The National Bureau of Statistics (NBS) has disclosed that Nigeria’s inflation rate climbed to 34.80% in December 2024, a slight increase from November’s 34.60%. In its latest Consumer Price Index (CPI) report released on Wednesday, the…
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…
