By Sodiq Adelakun Nigeria’s annual inflation rate rose for the fifth straight month to 22.41 percent in May 2023 from 22.22 per cent in the previous month, according to the latest inflation report released on Thursday. This was according to…
By Sodiq Adelakun Different experts have lamented the continued depreciation of the naira and persistent inflation saying it eroded the N13.72 trillion that workers’ salaries gained in the last four years. This is as total workers’ salaries in the formal…
By Seun Ibiyemi Nigeria’s headline inflation rate rose to 22.22 per cent in April 2023, a 0.18 per cent point higher than the 22.04 per cent recorded in the previous month. According to the latest Consumer Price Index (CPI) report…
Nigeria’s inflation rate climbed to a new 17-year high of 21.91 per cent in February 2023 on the backdrop of the new naira note design and uncertainties relating to the presidential election. This was contained in the National Bureau of…
Nigeria’s January inflation figure rose from 21.34 per cent in December to 21.82 per cent in January, according to National Bureau of Statistics, NBS recent data. The January 2023 inflation rate showed an increase of 0.47% points when compared to…
…CBN should strategise alternatives to reduce inflation — DG NACCIMA …Interest rate hike will hurt productive sector, Nigeria’s economy — Gbolade …Hike in MPR from 16.6% to 17.5% will hurt investors in the real economy — CPPE By Seun Ibiyemi,…
goes as much as N4,000 and on like that. A 50kg bag of rice for Instance that sold at N20,000 to N25,000 before the ban on foreign rice, now sells at N40,000 to N45,000. In Lagos, and neighbouring Ogun State,…
Some experts have advised the Central Bank of Nigeria (CBN) to review its monetary policy tools in order to tame the rising inflation. Dr Muda Yusuf, founder, Centre for the Promotion of Private Enterprises (CPPE), advised the CBN to resist…
Headline inflation rate increased to 21.47 per cent on a year-on-year basis in November, the National Bureau of Statistics (NBS), has said. It made the declaration in its Consumer Price Index (CPI) and Inflation Report for November 2022 released in…
…As CBN again raises MPR to 16.5% …Plans to reduce volume of N500, N1000 …Raising interest rate alone won’t tame Nigeria’s inflation – Experts By Seun Ibiyemi, Ogaga Ariemu and Mathew Dennis Barely two months after it raised the interest…
