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inflation crisis
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Nigeria Peter Obi Takes Swipe at Tinubu’s Reforms, Says Economy in Crisis
Peter Obi criticizes President Tinubu’s economic policies, sarcastically stating he has fulfilled his promise to continue Buhari’s legacy. He highlights inflation, naira depreciation, and rising costs, comparing Nigeria’s decline to Indonesia’s progress. Obi calls for competence in governance...- Nigeria News
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- 1 min read
- bola tinubu economic reforms inflation crisis nigeria economy peter obi
- Category: Politics
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Nigeria CBN Implements Drastic Measures: Interest Rates Skyrocket to 22.75% in Bid to Tackle Inflation Surge
In response to the persistent challenge of soaring inflation, the Central Bank of Nigeria (CBN) has announced a significant hike in the monetary policy rate, raising it by 400 basis points from 18.5% to 22.75%. CBN Governor Olayemi Cardoso revealed this decision during the 293rd Meeting of the...- Nigeria News
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- 1 min read
- cash reserve ratio cbn governor central bank of nigeria inflation crisis monetary policy rate mpc meeting yemi cardoso
- Category: Business
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Nigeria Nigerians Brace for Economic Hardships as Inflation Soars to 29.90% in January 2024
Nigeria's inflation rate surged to 29.90% in January 2024, marking a significant increase from the previous month's 28.92%, as reported by the National Bureau of Statistics (NBS). The latest inflation report highlights a persistent upward trend, indicating that the inflationary pressures in the...- Nigeria News
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- 1 min read
- inflation crisis nbs report nigeria economy nigerias inflation rate
- Category: Business
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Nigeria Nigeria's Inflation Soars to 28.9% in December 2023, Triggering Economic Concerns
As economic turmoil intensifies, the National Bureau of Statistics (NBS) released its December 2023 Consumer Price Index (CPI) on Monday afternoon, revealing a shocking surge in Nigeria's inflation rate to 28.9%. In comparison to November 2023's 28.20%, this new figure represents a significant...- Nigeria News
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- 2 min read
- consumer price index cpi inflation crisis inflation in nigeria nbs nigeria economy
- Category: Business
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