nigeria inflation
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![Today's Naira Rate [28-11-2024]: CBN Hike Keeps Naira Stable at N1,750/$ in Parallel Market](/data/attachments/210/210762-766854fddcd675e565fac179cbedfde3.jpg?hash=hFfFcRmkeL)
Nigeria Today's Naira Rate [28-11-2024]: CBN Hike Keeps Naira Stable at N1,750/$ in Parallel Market
The naira steadied at N1,750/$ in the parallel market after the Central Bank of Nigeria's 25-basis point rate hike. Despite minimal movement in the forex market, experts predict the naira could appreciate in 2025 due to improving foreign reserves and oil production. The naira remained largely...- Nigeria News
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Nigeria “These Policies Aren’t Working,” Bauchi Governor Warns Tinubu of Rising Poverty
Bauchi State Governor, Bala Mohammed, has urged President Tinubu's administration to reevaluate its monetary and fiscal reforms, citing increased hardship among Nigerians. Speaking in Abuja, Mohammed warned that current policies are intensifying inflation and hunger, and called for more...- Nigeria News
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Nigeria Nigeria’s Inflation Jumps to 32.70% as Fuel Prices Soar
Nigeria's inflation surged to 32.70% in September 2024, influenced by a rise in fuel prices, with food inflation also increasing to 37.77%. The National Bureau of Statistics reported a 0.55% month-on-month rise, prompting the Central Bank to raise interest rates to 27.25% to combat inflation...- Nigeria News
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Nigeria NBS Reports Nigeria’s Inflation Rate Decreases to 33.4%, First Drop Since 2023
Nigeria’s inflation rate dropped to 33.4% in July 2024, marking the first decline in 19 months, according to the National Bureau of Statistics. The decrease from June’s 34.2% rate signals a potential stabilization of the economy, though sustained efforts are needed to maintain this trend and...- Nigeria News
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Nigeria #EndBadGovernance Abuja Protest: Nigerians Rally Against Tinubu’s Economic Policies Ahead of August 1
Nigerians in Suleja have begun protesting against President Bola Tinubu’s economic policies, highlighting severe inflation and hardship. This unrest precedes the larger #EndBadGovernance protests scheduled for August 1, aiming to address widespread dissatisfaction with Tinubu's administration...- Nigeria News
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Nigeria MPC Set to Hike Rates Again Amid Rising Inflation and Naira Decline
Nigeria's MPC meeting on July 22-24 is expected to result in a mild rate hike amid high inflation. The naira faces pressure, potentially reaching N1,600/$. Key economic data releases and the FAAC disbursement report are anticipated. AIICO Insurance plans its AGM amidst these economic challenges...- Nigeria News
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- monetary policy mpc meeting naira forecast nigeria inflation rate hike
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Nigeria Emir Sanusi Voices Concerns Over Soaring Food Prices and Inflation at Kano Distribution Event
Emir Sanusi, former Central Bank Governor, highlights "unbearable" economic hardship in Nigeria during a fertilizer distribution event in Kano. The initiative aims to support 52,800 farmers amid rising food costs. Sanusi's comments reflect growing concerns about inflation and living costs...- Nigeria News
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Nigeria Nigerian Families Cut Back on Eggs as Cost of Living Skyrockets
Nigeria's inflation crisis is hitting families hard, with essential food items like eggs becoming unaffordable. Rising costs of living and food prices are forcing drastic changes in diets, highlighting the urgent need for economic intervention. Bukola Balogun found herself in an embarrassing...- Nigeria News
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Nigeria No Relief for Nigerians as Inflation Soars to 33.95% in May
Nigeria's inflation rate hit 33.95% in May 2024, the highest since 2005, piling pressure on households amid economic struggles. Food costs drove the increase, exacerbated by supply issues and forex shortages. The data highlights the persisting challenges facing the new administration. Nigeria's...- Nigeria News
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Nigeria Dangote Refinery Set to Drive Diesel Prices Below N1,000, Economist Predicts
Bismarck Rewane, Managing Director of Financial Derivatives Company Limited, predicts a significant drop in diesel prices below N1,000 per litre with the commencement of diesel production at the Dangote Refinery. During an interview on Channels Television’s News At 10, Rewane highlighted the...- Nigeria News
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Nigeria Nigeria's Economy in Turmoil: Inflation Hits Record High of 31.70% in February
The most recent data released by the National Bureau of Statistics (NBS) highlights a concerning increase in headline inflation, soaring to 31.70% in February. This significant surge, disclosed on Friday afternoon, represents a notable jump from the 29.90% recorded just the previous month...- Nigeria News
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Business Inflation, forex scarcity worsens woes in manufacturing sector – Vanguard News
https://www.vanguardngr.com/2020/09/inflation-forex-scarcity-worsens-woes-in-manufacturing-sector/- Chinedu Iroka
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Business In Nigeria Inflation Declines Further to 11.61% as US Hikes Interest Rate – Thisdaylive
For the 16th month, inflation rate continued a downward trajectory, declining from 12.48 per cent in April to 11.61 per cent in May. This is just as the US Federal Reserve Wednesday hiked its benchmark short-term interest rate a quarter percentage point and indicated that … Read more via...- curator
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Business Inflation Rate Drops For 14th Consecutive Time – Channels Television
A file photo taken at a food market The Nigerian economy has recorded a drop in the inflation rate for the 14th consecutive time since January 2017, the National Bureau of Statistics (NBS) said. Read more via Channels Television – https://ift.tt/2GQLjO9 Get more: Nigeria Business News- curator
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