Naira prospects dim as inflation rate hit three decade-high
Naira weakened in the official market while Nigeria's headline inflation readings rose to a three-decade high in May, worsening the ...
Tag: Nigeria’s inflation rate
Naira breaks key resistance amid improved dollar supply, weak inflation readings
The naira clawed back some of its losses against the dollar amid prospects for rate cuts in the world's largest ...
Detty December: Nigeria’s inflation rate on track for its worst level in over 27 years
The National Bureau of Statistics (NBS) released Nigeria's monthly Consumer Price Index (CPI) report for Nigeria last week Friday, revealing ...
Insights: Why fuel subsidy removal may push Nigeria’s inflation rate to 30% in June 2023
KPMG Nigeria has said that the fuel subsidy removal may likely push Nigeria’s inflation rate to about 30% for June ...
MPR: Why CBN will need to raise rates again
To address the inflationary challenges, the CBN needs to implement additional measures, including a more flexible exchange rate regime.
Nigeria’s inflation rate rises to 22.22% in April 2023 as CBN rate hikes fail to work
Nigeria’s headline inflation rate rose to 22.22% in April 2023, a 0.18% point higher than the 22.04% recorded in the ...
Budget of Stagflation as FG projects GDP of 3.75% and inflation rate of 17.16% in 2023 budget
The Minister of Finance is targeting a low single-digit growth rate amidst high inflation suggesting this is a budget of ...
Nigeria’s inflation rate boils to 21.47% in November 2022
The increase can be attributed to increase in cost of importation due to the persistent currency depreciation
Economy Roundup: Inflation soars as 63% of Nigeria’s population becomes multidimensionally poor
This is a summary of the major economic news stories during the week that ended on November 19
Nigeria’s inflation rate accelerates to 21.09% in October 2022
The highest increases in the core basket were recorded in prices of gas, liquid fuel, passenger transport by air, solid ...
