inflation in nigeria
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Nigeria MPC Expected to Raise Interest Rates Again to Combat Inflation and Fiscal Issues
The Central Bank of Nigeria's Monetary Policy Committee (MPC) is expected to raise interest rates again at its final meeting of 2024, addressing rising inflation and fiscal pressures. Analysts predict a 25-50bps increase, aiming to stabilize prices, manage money supply growth, and attract...- Nigeria News
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Nigeria IMF Report: Nigeria's Economic Reforms Under Tinubu Falling Short of Expectations
The IMF's latest report reveals that Nigeria's economic reforms under President Tinubu are failing to produce the desired results, with inflation remaining high and the exchange rate unstable. Despite regional improvements, Nigeria faces significant challenges in economic growth, debt service...- Nigeria News
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Nigeria Fuel and Passport Fees Surge: Nigerians Voice Concerns Over Cost of Living Crisis
Since President Bola Tinubu's inauguration in May 2023, Nigerians have faced significant price hikes in essential goods and services, including fuel, electricity, and transportation. These increases, attributed to economic reforms, have heightened the cost of living and sparked widespread...- Nigeria News
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Nigeria Nigerian Shoppers Rejoice as Indomie and Essential Food Prices Take a Welcome Dip
Nigerians, particularly those in the low to middle-income bracket grappling with soaring food prices due to nationwide inflation, are experiencing a notable respite. Despite Nigeria's inflation soaring to a two-decade high of 29.90% in January 2024, recent market surveys reveal a reduction in...- Nigeria News
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![[Video] Shocking AIT Report Reveals People Dying of Hunger in Bauchi State Due to Inflation](/data/attachments/201/201129-aa3c11a5b010fc76a4fcf8c1a236925a.jpg?hash=qjwRpbAQ_H)
Nigeria [Video] Shocking AIT Report Reveals People Dying of Hunger in Bauchi State Due to Inflation
In Bauchi State, a silent crisis unfolds as residents grapple with soaring food prices, leading to hunger and despair. According to reports, a small portion of potatoes has surged from 300 to 1000 naira, while the price of a bag of maize has doubled from 30,000 to 60,000 naira. Additionally, the...- Nigeria News
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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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Nigeria SBM Report: Antibiotic Costs Soar 1,390% in Nigeria, Affecting Healthcare Access
A groundbreaking report by SB Morgen Intelligence, titled "Paying the Price on Health," has unearthed a concerning reality within Nigeria's healthcare landscape. Against the backdrop of economic challenges, the report forewarns that over-the-counter medications may become financially out of...- Nigeria News
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- cost of antibiotics in nigeria health crisis in nigeria inflation in nigeria
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Nigeria Federal Government Initiates Plan to Slash Cooking Gas Costs
The Federal Government has taken decisive steps to address challenges in the supply and pricing of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, in the domestic market. Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, intervened in response to the surge in LPG...- Nigeria News
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Nigeria Economic Strain Deepens as Nigeria's Inflation Skyrockets to 27.33%, Prompting Concerns for Citizens
Nigeria's inflation has surged to 27.33% in October 2023, a notable uptick from the previous month's 26.72%, according to the National Bureau of Statistics (NBS). This marks the tenth consecutive rise in the country's inflation rate this year, posing significant challenges for both consumers and...- Nigeria News
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Business Cooking Gas Price Rose By 101% In One Year – NBS - Channels Tv
https://www.channelstv.com/2022/09/20/cooking-gas-price-rose-by-101-in-one-year-nbs/- Nigeria News
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Business Inflation hits 11.98% — highest in 19 months - The Cable
The consumer price index, which measures inflation, stood at 11.98% in December 2019. This is 0.13 percentage points higher than the 11.85% recorded in November. This is the highest point the index has reached in 19 months. “On month-on-month basis, the headline index increased by 0.85...- Nigeria News
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Business Inflation may rise if borders are not opened – LCCI – Nairametrics
Nigeria’s inflationary trend may move higher in the coming months if the nation continues to close its borders to its West African countries. This is according to the outgoing President of LCCI, Babatunde Ruwase... Read more via Nairametrics – https://ift.tt/2sKRGfx Get more: Nigeria...- Nigeria Business News
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Business Inflation hits 11.61% — highest in 17 months - Nairaland
The consumer price index, which measures inflation, rose to 11.61% in October, data released by the National Bureau of Statistics (NBS) has shown. This is an increase of 0.36 percentage points compared to 11.24% recorded in September. This was the exact inflation rate recorded in May 2018 when...- Nigeria News
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Metro BREAKING: Border closure pushes inflation to 11.24% from 11.02% - Nairaland
The consumer price index, that measures the rate at which the prices of goods and services in increase, stood at 11.24% in September. This is a 0.22 percentage point increase from the 11.02% recorded in August. read more- Nigeria News
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Business Inflation Declines Further to 12.48% – Thisdaylive
For the 15th consecutive month since January 2017, inflation rate recorded a decline in April from 13.34 per cent in March 2018 to 12.48 per cent (year-on-year). Read more via Thisdaylive – https://ift.tt/2Gj757U Get more: Nigeria Business News- curator
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Business Inflation to remain high in 2018 — Rewane – Vanguard News
Inflation in the country will generally remain high in 2018 – 2019 amidst likely currency adjustment and election spending, Managing Director, Financial Derivatives Company, FDC, Mr. Bismark Rewane, has said. Read more via Vanguard News – http://ift.tt/2GVeUBt Get more: Nigeria Business News- curator
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Business Inflation Rate Of All Nigerian States [LIST]
The National Bureau of Statistics pegged the inflation rate for May at 16.25%. The NBS also released a state by state breakdown of inflation rate in the country. See image: Table by Nairametrics- abujagirl
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Business Hope Rises As Nigeria’s Inflation Rate Falls to Lowest in a Year
Hope rises for Nigerians as inflation rate in the country eased further in the month of May to 16.25 percent from 17.24 percent in April 2017, marked the lowest rate in a year. Data released on Thursday by the National Bureau of Statistics (NBS) revealed that the drop was by 0.99 percent during...- ProfRem
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