Inflation weakens naira by 15% in 2022 – NESG Report
The Nigerian Economic Summit Group has said that inflation weakened the naira by 14.9 per cent, adding that the naira redesign plan of the Central Bank of Nigeria triggered the ...
Wednesday, April 22, 2026
Tag: Inflation
Inflation: Diesel Prices Rise by 215%, Gas 70.6%, Petrol 17% in One Year
Nigerians continued to grapple with growing energy prices caused by the challenges in the global oil and gas industry, the Russia-Ukraine war as well as local distortions in Nigeria’s petroleum ...
Inflation, Fuel Subsidy Draining Nigeria’s Fiscal Revenues — IMF
The International Monetary Fund (IMF) has stated that rising inflation and fuel subsidy costs are draining Nigeria's fiscal revenues, which are primarily earned from taxes, duties, and other sources, especially ...
Inflation: Dangote, BUA Cement spent N263 billion on fuel, power in nine months
During the nine months ending September 30, 2022, Dangote Cement Plc and BUA Cement Plc spent a whopping N263.157 billion on fuel and power. This is a 44.31% increase over ...
Purchase these stocks to protect yourself against Nigeria’s escalating inflation
The Central Bank of Nigeria (CBN) decision to raise interest rates by 15.5% has further dampened investor appetite for equities as investors continue to shift their financial assets away from ...
Countries in Africa with the Highest Inflation in 2021
Inflation is perhaps the biggest enemy to wealth creation. This is because of how it silently erodes the value of money. Across Africa, inflation is an ever present problem, although ...
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