Inflation

Nigeria is facing renewed economic pressure as inflation climbs to a new level, driven largely by a sharp rise in food prices. The latest surge has affected household purchasing…

Global oil prices have risen sharply following renewed tensions in the Middle East, with investors concerned about possible disruptions to crude supply routes. The increase…

The consumer price index, (CPI) which measures inflation increased by 16.47 percent (year-on-year) in January 2021, according to latest data released by the National Bureau…

The National Bureau of Statistics says the nation’s inflation rate rose by 0.5 per cent point to 14.2 per cent in October from 13.7 percent in September 2020. This…

‎The Federal Roads Maintenance Agency (FERMA),‎ on Thursday said the ministries of Finance and Works and Housing inflated its 2021 budget by over N11bn.‎ M‎anaging…

Nigeria’s inflation rose to 13.7 per cent in September, hitting its highest level since its 13.34 per cent rate of March 2018. The National Bureau of Statistics made this…

In a bid to curb the rising inflation and address recession in the economy, the Central Bank of Nigeria (CBN) says it would pursue expansionary monetary policies since the…

‎Nigeria's inflation rate rose to 13.22 per cent in August, according to latest figures released by the National Bureau of Statistics on Tuesday. The inflation rate for August was…

The Central Bank of Nigeria (CBN) has lamented that the country’s inflation rate which stood at 12.82 per cent in July may rise up to 14.15 per cent by the end of December…

Irked by the country’s rising inflation rate currently at 12.82 per cent, experts have urged the Central Bank of Nigeria (CBN) to quickly stabilise exchange rate at the parallel…