Since the advent of President Ahmed Bola Tinubu’s administration, roughly five months ago, the cost of living in Nigeria has risen astronomically.For the first time in the history of Nigeria our exchange rate has hit an all time high to…
…Adverse climatic conditions, fuel hike, others remain cause of food inflation — AFAN Chairman By Sodiq Adelakun Nigeria is in the grip of a severe economic crisis after inflation rates rose to an alarming 26.72 percent following the latest statistics…
…As stakeholders calls for state of emergency on Energy and power sector …Key inflation drivers not receding — Expert By Seun Ibiyemi and Matthew Dennis Nigeria’s inflation rate has climbed to 26.72 percent, marking a 0.92 percent increase from the…
The poor masses in Nigeria are gradually battling and struggling for survival as a result of the skyrocketed inflation in the country. Majority of them have forcefully abandoned certain meals as a result of increase in prices in the market.…
…Food inflation up by 26.98% YoY in July 2023 …How flooding, high cost of transportation hiked food prices — Analyst explains …Tackling inflation requires urgent government intervention — CCPE By Seun Ibiyemi and Matthew Denis For the seventh month in…
Nigeria’s rising inflation and the recent harmonisation of the foreign exchange rates have been identified as factors that have eroded the capital base of banks in the country. This was disclosed in different interviews, as two financial institutions also announced…
Experts have begun to lament as inflation rate in Africa’s biggest economy rises to a new 17-year high of 22.79 per cent in June 2023 from 22.41 per cent in the previous month. The NBS report read, “In June 2023,…
Despite the prompt step taken by President Bola Ahmed Tinubu to mitigate the economic downturn, inflation has continued to skyrocket. The President last week set up a Committee headed by Fiscal Policy Partner and Africa Tax Leader at PwC, Taiwo…
The Bank of America has said the Monetary Policy Committee of the Central Bank may need to increase interest rates by at least 700 basis points before the end of the year to curb inflation. In an interview with Bloomberg…
Some economists have urged the Federal Government to adopt innovative policies that will boost domestic production and address the security challenge responsible for persistent rise in inflation rate. Dr Austine Nwaeze, lecturer of Economics at the Pan Atlantic University, said…
