Tag
INFLATION
Nigeria's historical consumer price index which shows our inflation rate from 2003 till date. The data is updated monthly.
Dangote Cement Plc, BUA Cement Plc, and Lafarge Africa Plc spent a whopping sum of N598.137 billion in fuel and power during the full year ended December 31, 2023.
The British pound sterling is outperforming most of the world's currencies this year, including the naira, despite a hawkish CBN.
Senator Abubakar Kyari, the Minister of Agriculture and Food Security, said the federal government has secured a €995 million deal between with the Brazilian Government, and the German Deutsch Bank Group to finance a Green Imperative Programme in Nigeria.
Nigerian Breweries Plc have announced another increase in the price of its products after the earlier increase in February.
The Nigerian local currency is running out of time, and the U.S. dollar index is hovering around two-month lows as markets await significant additional indicators of when the Federal Reserve will lower interest rates and consult inflation data.
Prices of essentials in Nigeria are reaching all-time highs. If we were to plot some of these commodities on a price chart, with price on the Y axis and time on the X axis, we would probably see a parabolic expansion higher.
A new report by SB Morgan Intelligence has revealed that farmers across Northern Nigeria pay as much as N100,000 to access their farmlands during the planting or harvest season.
The National Bureau of Statistics (NBS) recently released consumer price index (CPI) data for January 2024, revealing a significant escalation in the cost of imported food within the Nigerian economy.
The cost of baking a loaf of bread today has quadrupled by over 200%, prices have reflected although not in the same margin as the cost increase and demand has dropped significantly.
The African Development Bank (AfDB) provides Nigeria with $134 million in support for the cultivation of essential crops such as rice, maize, cassava, and soybeans, aiming to enhance food production.
Businesses in Nigeria faced the highest increase in input cost in a decade due to the weakness in the exchange rate for February.
Peter Obi, the presidential candidate for the Labour Party in the last general election, has expressed concern that raising the Monetary Policy Rate (MPR) and Cash Reserve Ratio (CRR) to 22.75% and 45% respectively will adversely affect the economy.