inflation

CBN’s financing of the fiscal deficit fueling rising inflation in Nigeria- World Bank

The World Bank has said the Central Bank of Nigeria  (CBN) financing of the fiscal deficit has continued to fuel inflation by…

4 years ago

Rising food prices push November inflation rate to 21.47%

The Nigerian inflation rate rose again, hitting 21.47 per cent in November 2022, up from 21.09 per cent in the…

4 years ago

Rising Inflation is not peculiar to Nigeria, its a global problem – Emefiele

Governor, Central Bank of Nigeria Mr. Godwin Emefiele, has said in Lagos that the current inflationary pressures in the economy…

4 years ago

Nigeria’s inflation jumps to 21.09% on food price hike

Nigeria’s inflation rate again surged to a new rate of 21.09 per cent in October 2022, representing a 0.32 per…

4 years ago

Rising inflation global phenomenon, says GTCo Bank chief

The Group Chief Executive Officer of Guaranty Trust Holding Company (GTCo), Dr Segun Agbaje, has said the economic challenges facing the…

4 years ago

Nigeria’s inflation to average 19% in 2022, says IMF

The International Monetary Fund (IMF) is projecting that Nigeria’s inflation will moderate to an average of 19 per cent by…

4 years ago

Protect the poor from galloping inflation, World Bank advises Nigerian govt, others

... lowers Nigeria’s economic growth forecast  The World Bank has called on the Federal Government of Nigeria and other governments…

4 years ago

NACCIMA Hails CBN’s Resolve to Fight Inflation, Expresses Concern about High Cost of Fund

The National Association of Chambers of Commerce, Industries, Mines and Agriculture (NACCIMA) has tasked the Central Bank of Nigeria (CBN)…

4 years ago

Nigeria’s inflation hits 20.25%, highest in 17 years

Nigeria’s inflation rate rose to 20.52% in August, the highest since September 2005, the latest report has revealed. The inflation…

4 years ago

Nigeria’s inflation rate hits19.64% on rising bread, other prices

Nigeria’s inflation rate rose to 19.64 per cent in July, the highest since 2005, a report released by the National…

4 years ago