Tag: Inflation

Nigeria's inflation rate eased to 33.4% in July, a decrease of 0.79 percentage points from June's 28-year high of 34.19%, according to the National Bureau of Statistics (NBS). The Consumer ...

Nigeria faces potential inflationary pressures as the country's money supply (M3), which represents the total money within the economy, surged to an unprecedented ₦101.34 trillion in June 2024. Recent data ...

Yesterday, the International Monetary Fund revised its 2024 economic growth forecast for Nigeria downward to 3.1 percent, citing weaker growth in the first quarter of the year, Q1'24. This updated ...

The ongoing surge in prices of goods and services, coupled with the naira's further depreciation, is projected to push inflation above 34 percent in May 2024, marginally higher than April's ...

The governor of the Central Bank of Nigeria, Olayemi Cardoso, has said that the members of the Monetary Policy Committee would do whatever is necessary to get a handle on ...

The Central Bank of Nigeria has again justified its reliance on the Loan Deposit Ratio to control the country’s rising inflation. The apex bank also said it is ready to ...

Inflation in Nigeria has been predicted to remain high in 2025 due to sporadic flooding and difficult terrain for the naira currency while inflation in key African economies will slow ...

The National Bureau of Statistics has disclosed that Nigeria’s headline inflation rate increased to 33.20 per cent in March 2024, up from 31.70 per cent in February 2024. This represents ...

Stakeholders have urged the Federal Government to implement policies that will tame the accelerating inflation in the country. In separate interviews with The PUNCH, the stakeholders said that concerted efforts from ...

The Association of Bureaux de Change Operators of Nigeria has said that the recovery of the naira has led to a relative decrease in the prices of goods and services ...