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…
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…
