Browsing Tag
inflation
8 posts
Approach Zimbabwe for solution to inflation, Obasanjo tells Federal Government
Former President Olusegun Obasanjo, on Monday, advised that Nigeria should approach the government of Zimbabwe for a solution to the current all-time high inflation in the country.
CBN assures Nigerians of decline in inflation, exchange rate in 2024
The Central Bank of Nigeria ( CBN), has raised the confidence of Nigerians as the year 2023 winds down assuring that the soaring Inflation and Exchange Rates will drastically decline in 2024.
Despite rising inflation, Nigeria’s economy grows by 2.54% in Q3, non-oil Sector dominates with 94.52%
Despite rising inflation in the country, which as at October was 26.72 per cent, Nigeria’s economy grew by 2.54 per cent in the third quarter of this year. This is higher compared to the 2.51 per cent growth in Q2 and 2.25 per cent in the same period last year.
‘Fuel subsidy, forex liberalisation may drive inflation to 30% by December’
Ahead of tomorrow’s (Tuesday) release of October 2023 inflation figures by the National Bureau of Statistics (NBS), multinational professional services network, KPMG, has said that headline inflation in Nigeria will reach 30 per cent by December 2023. Nigeria’s current inflation rate for the month of September is 26.72 per cent.
Inflation: Lagosians spend one-third of salaries on groceries – report
With the rising rate of inflation in Nigeria and its attendant effects on citizens, a new report has emerged showing that residents of Lagos State now spend a significant portion of their income on groceries and food.
Political class at profligate best as citizens languish – ENO-ABASI SUNDAY
An ailing health sector, a comatose economy, a galloping inflation rate, widespread insecurity, and worsening quality of life of the citizenry are all by-products of a profligate political class that thrives in hedonism, but pays scant attention to effective service delivery, writes ENO-ABASI SUNDAY.
CBN to release re-designed Naira notes December, begins mop up of N3.23tr to tackle inflation
The Governor of the Central Bank of Nigeria, Godwin Emefiele, has announced that the bank would release re-designed Naira notes by December 15, 2022.
Nigeria’s inflation rate increases to 19.64% in July 2022 – NBS
The National Bureau of Statistics (NBS), says Nigeria’s headline inflation rate increased to 19.64 percent on a year-on-year basis in July.