Inflation Archives

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
1 Comment
198 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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168 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
2 Comments
259 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
235 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
0 Comments
402 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
3 Comments
219 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
3 Comments
283 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
318 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
0 Comments
345 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
0 Comments
274 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
0 Comments
278 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
0 Comments
260 Views

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Tag: Inflation

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

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

Navy seizes 103,500 litres of suspected illegal diesel

Banks lose ₦134.48bn to fraud within five years.

Anthropic keeps Mythos AI access open for select.

India court upholds Telegram ban, rejects platform’s legal.

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