inflation
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Nigeria World Bank Report: 129 Million Nigerians Now Living in Poverty
Over 129 million Nigerians are now living in poverty, according to a World Bank report. Soaring inflation, economic mismanagement, and external shocks have pushed millions into poverty since 2018, with rising food prices and low job productivity worsening the crisis. Urban poverty has also...- Nigeria News
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Nigeria Egg Prices Skyrocket to N6,000 per Crate, Leaving Nigerians Struggling
Egg prices in Nigeria have surged to N6,000 per crate, significantly impacting household accessibility and nutrition. The rise is attributed to skyrocketing feed costs, and maize and soybean prices. The Poultry Association of Nigeria is urging government intervention to address these issues and...- Nigeria News
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![[VIDEO] Confident Trader Urges Nigerians to Trust Tinubu's Economic Plan Despite Inflation](/data/attachments/208/208243-bbec5dc754ba274496c1007e382665c7.jpg?hash=yL66Lw89ma)
Nigeria [VIDEO] Confident Trader Urges Nigerians to Trust Tinubu's Economic Plan Despite Inflation
A Nigerian trader's optimism about President Tinubu’s economic policies has sparked a viral conversation online. In a video, she confidently assures Nigerians that inflation will ease and prices will drop soon. Her remarks have drawn mixed reactions on social media, with some supporting her...- Nigeria News
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Nigeria Food Price Hikes in Abuja: Families Forced to Cut Basic Meals
FCT residents struggle with rising food prices, making basic meals unaffordable. Interviews reveal drastic cost increases in staples like beans and yams, with transportation costs driving fluctuations. Market visits confirm soaring prices. Citizens urge government intervention to stabilize...- Nigeria News
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Nigeria Nigerians Alarmed as Uche Elendu Reveals N6,000 Egg Prices Amid Economic Challenges
Actress Uche Elendu raises alarm as egg prices surge to N6000 from N4500 recently, sparking an outcry on social media over food inflation in Nigeria. Citizens express frustration and disbelief, highlighting broader economic challenges. Actress Uche Elendu's outcry over the skyrocketing price of...- Nigeria News
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Nigeria Nigerian Farmers Sound Alarm: Food Inflation Crisis to Worsen
Farmers in Nigeria warn of worsening food inflation crisis due to subsidy removal and insecurity, predicting continued price hikes until August. The crisis, exacerbated by transportation costs and disrupted farming activities, has sparked widespread concern Farmers across Nigeria are sounding...- Nigeria News
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- food crisis inflation nigeria subsidy removal
- Category: Sports
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Nigeria Viral Video: Nigerian Market Woman Sparks Nationwide Conversation on Economic Hardships
Amidst soaring prices and widespread suffering, a Nigerian market woman's impassioned plea for action goes viral. Her call to protest naked underscores the nation's frustration with escalating hardships. In a viral video, a Nigerian market woman passionately laments the country's plight...- Nigeria News
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Nigeria No Rocket Science: Nigerians Mock FCCPC's 'Redundant' Food Price Survey
FCCPC survey finds traders blaming insecurity, and fuel subsidy removal for soaring food prices, citing the impact on farming, and transportation costs as key drivers. The rising cost of food in Nigeria has become a pressing concern for consumers, prompting the Federal Competition and Consumer...- Nigeria News
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Nigeria Monetary Policy Committee Considers 100 Basis Point Hike to Curb Soaring Inflation
Amidst soaring inflation, the Central Bank of Nigeria (CBN) considers raising interest rates by 100 basis points, as projected by analysts. In April 2024, headline inflation rose to 33.69 percent. With the MPC meeting imminent, stakeholders anticipate decisive measures to address inflationary...- Nigeria News
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Nigeria No Relief in Sight as Nigeria's Inflation Climbs to 33.69%, Straining Households
Nigeria's inflation rate surges to 33.69% in April, up from 33.20% in March, exacerbating economic hardship as the cost of living soars. Nigeria's economic woes have deepened as the country's inflation rate surged to a staggering 33.69% in April, up from 33.20% in March, according to the latest...- Nigeria News
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Nigeria Businesses Brace for Impact as Nigerian Customs Raises Import Duty Exchange Rate to N1,441/$
Nigerian Customs recently upped the import duty exchange rate to N1,441/$1, marking a significant hike from the previous rate. This shift has sent shockwaves through businesses, prompting concerns about increased costs and potential economic repercussions. The Nigerian Customs Service has...- Nigeria News
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- central bank of nigeria exchange rate import duties inflation nigerian customs
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Nigeria CBN Shocks Markets: Raises MPR to Record 24.75%, Businesses and Consumers to Face Higher Loan Costs
After its 294th meeting, the Central Bank of Nigeria (CBN) has made a bold move by increasing the Monetary Policy Rate (MPR) by 200 basis points to an unprecedented 24.75%. Led by CBN Governor Yemi Cardoso, this decision underscores the bank's unwavering commitment to combating inflationary...- Nigeria News
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Nigeria BUA Group Chairman Abdul Samad Rabiu Implements 50% Salary Increase for All Staff Amidst Economic Hardship
In a significant departure from conventional norms, Abdul Samad Rabiu, Chairman of BUA Group, has announced a groundbreaking decision to increase salaries by 50% for all staff members. The revelation came through an internal memo signed by Mr. Mohammed Wali, BUA’s Head of Human Resources...- Nigeria News
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Nigeria: Governors Accuse State Oil Firm of Inflating Fuel Subsidy Figures – allAfrica.com
State governors have alleged an inflation by almost 50 per cent in the Nigeria National Petroleum Corporation (NNPC) figures on petrol consumption and demanded a probe of oil subsidy payments from 2015 till date. After a meeting with the Vice-President, Yemi Osinbajo, on Wednesday night, the …...- siteadmin
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THIS WEEK: Markets slid into losses as fear sets in – Nairametrics
Dr. Ibe Kachikwu, Minister of State, Petroleum Results were mixed across the financial markets this week. Equities continued their bearish trend, while yields on treasury bills continue to drop in tandem with inflation. Crude oil prices hit a new high. Here is an extensive look into how the...- curator
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Governors accuse NNPC of inflating fuel subsidy figures, demand probe from 2015 – Premium Times
State governors have alleged an inflation by almost 50 per cent in the Nigeria National Petroleum Corporation (NNPC) figures on petrol consumption and demanded a probe of oil subsidy payments from 2015 till date. After a meeting with the Vice-President, Yemi Osinbajo, on Wednesday night, …...- curator
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Business Nigeria: Inflation Hits New High, Food Prices Keep Rising
Nigerian annual inflation rose in January to 18.72 percent from 18.55 percent in December, signifying a continued hike in goods and services. Data released by the National Bureau of Statistics, NBS shows it is the highest inflation point for the country since the index started rising several...- LequteMan
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Surviving A Challenging Economy: Get Tips From Financial Experts With Skye Pearl
With credit rates at over 65% and inflation at its double figures, income doesn’t complement standard of living and loans have become a nightmare for entrepreneurs. So, the questions we keep piling; what investments yield higher returns? What am I not doing right? Should I change Jobs? How do I...- mrsam
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Business Nigeria's Inflation Rate Hits 6-Year High
Nigeria's inflation rate for May rose to 15.6 %, its highest point since February 2010, according to figures released on Tuesday by the National Bureau of Statistics, NBS. The inflation reading was the fourth monthly increase in a row and the NBS said it reflected higher prices for electricity...- LequteMan
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Business Inflation, Forex Top CBN MPC Meeting Today
As the CBN monetary policy committee meets today and tomorrow, experts say the forex market and inflation would top discussions. The CBN, at the last MPC meeting, hiked bench mark interest rate to 12 from 11 percent, in response to headline inflation put at the time at 11.38 per cent. That...- ProfRem
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