Nigerian Consumer Price Index (CPI), which measures the inflation rate soared to 19.6% in July 2022, the highest since 2009, according to the latest data published...
Investors in the Nigerian equity market reacted negatively to the news of the country’s inflation rate accelerating to an eight-month high, as the bourse dipped 0.29%...
Nigeria’s inflation rate rose at a faster pace to 16.82% in April 2022, underpinned by the hike in the prices of energy and food prices. April...
The Central Bank of Nigeria (CBN) has retained the benchmark interest rate at 11.5% since the last quarter of 2020 despite the country’s accelerating inflation rate....
Nigeria’s inflation rate rose at a faster pace to 15.7% in February from 15.6% in the previous on the back of fuel scarcity which the country...
Nigeria’s inflation rate decelerated further for the third consecutive time to 17.75% in June 2021 from 17.93% recorded in the previous month, the latest report from...
An economist, Professor Akpan Ekpo, questioned the World Bank’s prediction that Nigeria‘s inflation rate is expected to reach the fifth highest in sub-Saharan Africa by the...
Nigeria’s inflation rate decelerated further for the second consecutive month to stand at 17.93% in May 2021 from 18.12% recorded in April 2021. This is contained...
The Nigerian economy is growing at a snail pace, having recovered from its second recession in four years in December 2020. The stagflation (slow economic growth...
