Dangote, BUA Cement’s energy costs gulp N238 billion in Q1 2024 as inflation, exchange rate bite
This amount spent represents 46.36% of the total cost of sales of N514.349 trillion recorded by the cement firms during ...
Tag: Inflation
Nigeria’s historical consumer price index which shows our inflation rate from 2003 till date. The data is updated monthly.
10 food items with over 100% increase in the last one year!
https://www.youtube.com/watch?v=VwKvlRnayps In the past year, the cost of food items, especially staple foods, has seen a significant surge, driven by ...
IRC Report: An estimated 16% of Nigerians to face “severe” food insecurity by June 2024
The latest report from the International Rescue Committee (IRC) and its international partners projects that around 16% of Nigerians will ...
Bread prices rise as bakers grapple with over 100% jump in input costs
Bakers have reported nearly a 100% increase in the cost of wheat flour since April 2023. Mr. Banjo Adeyanju, a ...
FX gains ease inflation pressure on businesses as Nigeria’s PMI jumps to 51.1- Report
Exchange rate gains in the naira during the month of April led to a slowdown in inflation pressure according to ...
Inflation: Able Nigerians beg to survive economic hardship
For working-class Nigerians, surviving the monthly onslaught of inflation is tough.
CBN: We choose to fight galloping inflation against high unemployment
The Acting Director, of the Banking Supervision Department of the Central Bank of Nigeria (CBN), Dr Adetona Adedeji, has affirmed ...
Financial experts fear electricity tariff hike may push up inflation
Financial experts fear escalating inflation and electric tariff hikes may push increase in prices of products.
World Bank warns rising commodity prices may keep inflation high
Between mid-2022 and mid-2023, global commodity prices experienced a notable decrease of 40%, impacting commodities such as oil, gas, and ...
Rice prices crash by over 20% in relief for Nigerian households
Despite a significant rise in food inflation, Nigerians get to sigh a breath of relief as the price of a ...
