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Nigeria’s inflation rate reaches 11-month high, hits 17.71%

    Nigeria’s inflation rate reaches 11-month high, hits 17.71%

The consumer price index (CPI), which measures the rate of change in prices of goods and services, surged to 17.71 percent in May 2022, up from 16.82 percent in the

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Nigeria’s inflation rate hits three-month high at 15.70% amid hike in fuel prices

    Nigeria’s inflation rate hits three-month high at 15.70% amid hike in fuel prices

The consumer price index, which measures the rate of increase in the price of goods and services, rose to 15.70 percent in February 2022, amid soaring fuel prices and scarcity.

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Surging food prices push inflation to 15.63% — first increase after 8 months of decline

    Surging food prices push inflation to 15.63% — first increase after 8 months of decline

The consumer price index, which measures the rate of increase in the price of goods and services, increased to 15.63 percent in December 2021. This is the first increase after

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World Bank: High prices pushed 7m Nigerians into poverty in 2020

    World Bank: High prices pushed 7m Nigerians into poverty in 2020

The World Bank says an estimated 7 million Nigerians may have been pushed into poverty in 2020 due to rising prices alone — without considering the direct impacts of COVID-19.

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‘Nigeria’s economic recovery poised to build momentum in Q2’

  ‘Nigeria’s economic recovery poised to build momentum in Q2’

Market optimism over the recovery of Africa’s largest economy has increased steadily throughout the first trading quarter of 2018. The

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Interest rates are unchanged, but 2015 polls cause for worry

  Interest rates are unchanged, but 2015 polls cause for worry

The Monetary Policy Committee of the Central Bank of Nigeria (CBN) ended its two-day meeting Tuesday leaving the key interest

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Nigeria’s tight monetary policy ‘taming inflation’

African Development Bank (AfDB) says Nigeria’s tight monetary policy contributed immensely in pegging the inflation at eight per cent in

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National Assembly transmits 2014 budget to Executive

  National Assembly transmits 2014 budget to Executive

The 2014 budget passed two weeks ago by the Senate and the federal House of Representatives respectively has been transmitted

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