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 ...
Tag: Nigeria’s inflation rate
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 ...
GTCO grows third quarter pretax profit by 11% to N169 billion
The unaudited financial results showed significant improvements across key performance indicators
UBA reports N116 billion profit in Q3 2022
UBA grew its profit in the third quarter of the year by 10.95% to N116 billion from N104.5 billion in ...
Nigeria’s inflation rate hits a new 17-year high of 20.77% in September 2022
On a month-on-month basis, the index rose by 1.36% compared to the 1.77% in August.
Nigeria & UK: Two opposing inflation problems
The problem with inflation getting to high is that it erodes income, reduces value of naira.
Inflation rate jumps to 12.13%, highest in 21 months
Nigeria’s inflation rate has increased from 11.98% recorded in December 2019 to 12.13% in January 2020.
