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Tag "Inflation"

Reps say NO to use of coins as legal tender

    Reps say NO to use of coins as legal tender

The house of representatives on Wednesday rejected a motion seeking to enforce the use of coins as legal tender. Mojeed Alabi, who sponsored the motion, argued that the use of

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Inflation on the increase again, hits all-year high

    Inflation on the increase again, hits all-year high

The Consumer Price Index (CPI), which measures rate of inflation in the Nigerian economy, is on the rise again, moving from 9.6 percent in January to 18.3 in October, 2016

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Adeosun on the economy: Are we confused? Absolutely not!

    Adeosun on the economy: Are we confused? Absolutely not!

Kemi Adeosun, minister of finance, says Nigeria is in its worst possible economic state but the federal government is “absolutely not confused” about how to tackle the situation. Speaking with journalists

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Food prices ‘increase slowly’ as inflation steadies at 11-year high

    Food prices ‘increase slowly’ as inflation steadies at 11-year high

The Consumer Price Index (CPI), which measures inflation, rose by 0.6 percent in July to stay steady within its 11-year record attained in June, 2016. According to the National Bureau

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Buhari worried about rising inflation and falling FX reserves

  Buhari worried about rising inflation and falling FX reserves

President Muhammadu Buhari says he is worried about rising inflation, restrictions in capital flows and depleting forex reserves. Speaking at the

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Inflation hits highest point since Obasanjo era

  Inflation hits highest point since Obasanjo era

The consumer price index (CPI) measuring inflation in the Nigerian economy rose to its highest point since former President Olusegun Obasanjo’s

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At 15.6%, inflation hits highest since 2010

  At 15.6%, inflation hits highest since 2010

The consumer price index (CPI), which measures inflation, for May 2016 has risen to its highest point since February 2010.

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5 ways Buhari has ‘changed’ doing business in Nigeria

  5 ways Buhari has ‘changed’ doing business in Nigeria

President Muhammadu Buhari, the man who made history as the first leader to oust a sitting Nigerian president via democratic

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Electricity, fuel push inflation to 6-year high

  Electricity, fuel push inflation to 6-year high

Inflation in Nigeria has risen again to its highest level in six years, the Nigerian Bureau of Statistics (NBS) has

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Inflation jumps to three-year high at 11.4%

  Inflation jumps to three-year high at 11.4%

The Nigerian headline inflation jumped to 11.4 percent in February 2016 from 9.6 percent in January, inching closer to 11.98

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