nigeria inflation
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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 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 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 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 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 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... -
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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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