Inflation Archives

Nigeria’s inflation hits 24.23% in March, deepens cost-of-living crisis

Nigeria’s inflation hit 21.47% in November

Nigeria’s inflation rate rose to an all-time high of 21.47% in November, coming from 21.09% in October. The latest inflation report by the National Bureau of Statistics revealed this rise represents the 10th consecutively monthly increase since the start of the year. The report also revealed that Nigeria’s inflation rate has now risen […]

aadelekepdnlimited-com
15th December 2022
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147 Views

Trapped funds: CBN to give foreign airlines $150m

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Monetary policy’ll reduce inflation by 15% – CBN

The governor of the Central Bank of Nigeria, Godwin Emefiele, has predicted that with the help of the CBN’s numerous monetary policy instruments, inflation rates will progressively decline to less than 15% by the end of 2023. According to data from the National Bureau of Statistics, inflation in Nigeria reached a record high of 5.09 […]

jonuorahpdnlimited-com
26th November 2022
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204 Views

Appeal Court overturns Emefiele’s asset forfeiture order

Nigeria’s rising inflation align with global trend – Emefiele

The governor of the Central Bank of Nigeria, Godwin Emefiele, said the steady increase in headline inflation from 15.60 per cent in January to 20.77 per cent in September was consistent with global trends. Emefiele said this at the 57th Annual Bankers Dinner, organised by the Chartered Institute of Bankers Nigeria, on Friday, in Lagos. […]

jonuorahpdnlimited-com
26th November 2022
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122 Views

Emefiele orders banks to dispense old naira notes - Soludo

Economy

Inflation: CBN raises interest rate to 16.5%

The Monetary Policy Committee of the Central Bank of Nigeria have voted to increase the benchmark interest rate by 100 basis points to 16.5 per cent, the highest since 2001. The CBN Governor, Godwin Emefiele, disclosed this while reading the communique of the last MPC meeting of the year on Tuesday. The MPC […]

aadelekepdnlimited-com
22nd November 2022
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143 Views

Economy

Inflation: NBCC raises concerns over excise duty increment

The Nigeria-British Chamber of Commerce has warned that the proposed increment in the excise duty by the federal government will lead to more inflation in the country. Daily Post reported that the organisation made this assertion via a statement issued on Tuesday by its President, Mrs Bisi Adeyemi. Recall, that the federal government […]

aadelekepdnlimited-com
22nd November 2022
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166 Views

UK inflation hits 41-year high

British inflation has accelerated to the highest level for 41 years, driven by soaring energy, food, and transport prices in a worsening cost-of-living crisis, official data showed Wednesday. The Consumer Prices Index hit 11.1 percent in October, reaching the highest level since 1981, the Office for National Statistics said in a statement. That compared with […]

agencyreport
16th November 2022
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206 Views

Economy

Nigeria’s inflation hits 19.64%

Nigeria’s inflation rate hit a 17-year high of 19.64 per cent in July just a month after surging to 18.6 per cent recorded in June 2022. This was disclosed in a Consumer Price Index report for the month of July 2022 according to the National Bureau of Statistics. Food inflated to 22.02% from the 20.6% […]

sadeniyipdnlimited-com
15th August 2022
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157 Views

Economy

Nigeria’s inflation hits 20%, surpasses World Bank’s projection

Nigeria’s inflation rate is now at 20 per cent, 0.5 per cent above the World Bank’s projection of 15.5 per cent, despite raising its Monetary Policy Rate (interest rate). In its recent ‘Nigeria Development Update (June 2022): The Continuing Urgency of Business Unusual,’ the global bank projected that Nigeria’s inflation rate was going to be […]

sadeniyipdnlimited-com
18th July 2022
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150 Views

Economy

Nigeria’s inflation hits 18.6%, highest in five years

The Consumer Price Index, which measures the rate of change in prices of goods and services, surged to 18.60 per cent in June 2022, up from 17.71 per cent in the previous month. According to reports, this is the highest since January 2017. The National Bureau of Statistics said this in its consumer price index […]

sadeniyipdnlimited-com
15th July 2022
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144 Views

Economy

World Bank faults Buhari regime’s response to inflation

The World Bank has faulted the response of the regime of the President, Major General Muhammadu Buhari(retd), to the inflation suffered by Nigeria. According to a statement released by the Washington-based bank, the Federal government’s response is inadequate as the country continues to suffer double-digit inflation. The apex bank, in its latest Nigeria Development Update […]

agencyreport
2nd July 2022
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196 Views

Naira fall'll worsen Nigeria’s food, energy crisis — W’Bank

Economy

Inflation, fuel scarcity’ll weaken Nigeria’s economic growth – World Bank

The World Bank has predicted that Nigeria’s economic growth will be affected by fuel scarcity and rising inflation in the country. This is coming after the apex bank projected that Nigeria’s economy would grow by 3.4 per cent in 2022 but decline to 3.2 per cent in 2023 and 2024. According to The PUNCH, the new […]

agencyreport
27th June 2022
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141 Views

Economy

Homebuyers feel inflation squeeze amid recession fears

While the housing market continues to get battered by rising interest rates and sky-high prices, Redfin’s CEO warned that homebuyers are feeling the inflation squeeze as the U.S. is “headed for recession.” “People who are looking to buy homes right now are still driven by the same factors,” Redfin CEO Glenn Kelman told “Cavuto: Coast […]

agencyreport
20th June 2022
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102 Views

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Tag: Inflation

Nigeria’s inflation hit 21.47% in November

Monetary policy’ll reduce inflation by 15% – CBN

Nigeria’s rising inflation align with global trend – Emefiele

Inflation: CBN raises interest rate to 16.5%

Inflation: NBCC raises concerns over excise duty increment

UK inflation hits 41-year high

Nigeria’s inflation hits 19.64%

Nigeria’s inflation hits 20%, surpasses World Bank’s projection

Nigeria’s inflation hits 18.6%, highest in five years

World Bank faults Buhari regime’s response to inflation

Inflation, fuel scarcity’ll weaken Nigeria’s economic growth – World Bank

Homebuyers feel inflation squeeze amid recession fears

Zinox Chairman hails Tinubu’s reforms as boost for.

Travel, leisure stocks divide as AI disruption worries.

Saudi Arabia’s Savvy advances negotiations for ByteDance’s Moonton

Chinese Baidu integrates OpenClaw AI for in-app task.

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