Inflation Archives

Nigeria’s inflation rate hits 21.91%

The National Bureau of Statistics on Wednesday reported that Nigeria’s inflation rate has risen to 21.91%. The increase in inflation rate accounts for about 0.09 per cent from the previous January inflation rate of 21.82 per cent. This information was revealed by a recent Consumer Price Index report by the National Bureau of Statistics on […]

oojopdnlimited-com
15th March 2023
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127 Views

Business

UK’s inflation drops to 10.1% in Jan 2023 – Report

The UK recorded a fall in Consumer Price Inflation rate dropped beyond expectations from 10.5 in December to 10.1% in January. The closely watched measures of price growth also dropped according to official data. A prediction by the economists polled by Reuters stated that the CPI would drop in January by 10.3% from the 11.1% […]

oojopdnlimited-com
15th February 2023
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206 Views

Why Nigeria must save oil revenues - IMF

News

Shipping cost surge caused global inflation – IMF

The International Monetary Fund has linked the current global inflation with the upsurge of the shipping costs. IMF stated in a newly composed report with the title “the costs of misreading inflation,” that by October, 2021, the indices of the cost of transporting containers by maritime freight had climbed by almost 600%, while the […]

oamudipepdnlimited-com
29th January 2023
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170 Views

Naira falls N777 against dollar after CBN announcement

Economy

Inflation weakened naira 15% in 2022 – NESG

Bisola David A recently released report by the Nigerian Economic Summit Group revealed that the naira was devalued by 14.9% due to inflation, which was brought on by the Central Bank of Nigeria’s plan to redesign the currency. In its 2023 Macroeconomic Outlook Report titled “Nigeria in Transition: Recipes for Shared Prosperity,” the […]

aadelekepdnlimited-com
21st January 2023
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178 Views

UK predicts rapid fall in inflation rate

The Bank of England Governor, Andrew Bailey, has said that there would be a likely rapid fall in inflation this year as the prices of energy declines. While he spoke to Media Wales, Mr Andrew said that the recently experienced ease of inflation could be a positive sign that “a corner has been turned”. The […]

jonuorahpdnlimited-com
20th January 2023
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171 Views

News

Nigeria’s inflation drops 21 per cent

For the first time in 11 months, Nigeria’s inflation rate decreased to 21.34 percent. Prior to November 2022, when it hit 21.47 percent, the country’s inflation rate had climbed for 10 consecutive months. In its most recent report, the National Bureau of Statistics stated that the country’s inflation rate decreased by 0.13 percent between November […]

oamudipepdnlimited-com
16th January 2023
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143 Views

Economy

Inflation: Experts urge CBN against tighter monetary policy

Experts have advised the Central Bank of Nigeria to withdraw from further deployment of monetary policy tightening as a tool to check the inflationary pressure. According to Vanguard, Managing Director, Centre for the Promotion of Private Enterprise, Muda Yusuf, said this in response to the November 2022 inflation figure released by the National Bureau […]

aadelekepdnlimited-com
21st December 2022
1 Comment
202 Views

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

Economy

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
1 Comment
208 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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300 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
1 Comment
183 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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216 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
1 Comment
245 Views

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Tag: Inflation

Nigeria’s inflation rate hits 21.91%

UK’s inflation drops to 10.1% in Jan 2023 – Report

Shipping cost surge caused global inflation – IMF

Inflation weakened naira 15% in 2022 – NESG

UK predicts rapid fall in inflation rate

Nigeria’s inflation drops 21 per cent

Inflation: Experts urge CBN against tighter monetary policy

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

Tinubu blames privatization for current power sector crisis

Nigeria isn’t poor, huge money moves below radar.

Access Holdings disowns unauthorised 2025 financial highlight release

South Africa’s inflation rises to 3.1% as cost.

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