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Inflation rate

Bitcoin Reacts To U.S. Inflation Data: What’s Next For The Cryptocurrency?

August 17, 2024

Bitcoin and Inflation: A Volatile Week Bitcoin’s price saw significant swings this week as the U.S. Consumer Price Index (CPI) report was released. The cryptocurrency’s value surged ahead of the report, reflecting

Interesting Things To Know Ahead Rebased Inflation Figures

Business News·News

Inflation Rate: Nigeria, US Expect Further Surge As Naira Continues To Struggle

June 10, 2024

The inflation rate has become a global concern, impacting economies at various levels. In Nigeria, consumer prices accelerated to a near-three-decade high in April, hitting 33.69%. This surge has tightened spending power

Unlocking Potential Of Nigerian Real Estate: Opportunities And Challenges

Business News·Real Estate

Inflation: African Real Estate Faces Headwinds As Macroeconomic Woes Deter Foreign Investors

January 22, 2024

A report by Estate Intel paints a challenging picture of African real estate in 2024 as the continent’s real estate sector, once seen as a beacon of potential, is grappling with the

Business News

Kogi, Lagos Record Highest Rate, As Inflation Soar To 24.08% In July

August 15, 2023

Inflation rate in Nigeria soared to 24.08 per cent in July, the National Bureau of Statistics (NBS) has revealed in its Consumer Price Index (CPI) report. The NBS disclosed that inflation accelerated

10 Nigerian States With Highest Food Inflation In June 2025

Business News

NBS Report Shows Nigeria’s Inflation Rate Hits 22.22%, Reveals Reasons For Increase

May 15, 2023

The National Bureau of Statistics (NBS) has disclosed that the headline inflation rate in Nigeria rose to 22.22 per cent in April 2023, against the 22.04 per cent reported in March. This

Business News

Inflation Hits 21.91%, As Nigerians Pay More For Bread, Yam, Others

March 15, 2023

The National Bureau of Statistics has revealed that Nigeria’s headline inflation hit 21.91 per cent in February 2023 on the back of a hike in Yam, Bread and Meat prices. According to

Fuel, Bread, Others Push Nigeria's Inflation Rate To 22.41%, NBS CPI Report Shows

Business News

NBS: IMF Tackles Nigeria’s ‘Outdated’ Inflation Rate Data

February 21, 2023

The monthly consumer price index (CPI) of the National Bureau of Statistics (NBS) has come under criticism from the International Monetary Fund (IMF). In a report titled; Nigeria: 2022 Article IV Consultation’,

Business News

Nigeria’s Inflation Rate Hits 21.82%, As Naira Scarcity Disrupts Trade, Hikes Prices

February 15, 2023

The National Bureau of Statistics (NBS) has revealed that Nigeria’s inflation rate soared to 21.82 per cent in January 2023, as the country struggles with Naira scarcity. According to the latest consumer

CBN Places Service Restriction On PoS Agents Across Nigeria

Business News

Updated: Why CBN Raised Interest Rate To 17.5%, Highest In 22 Years

January 24, 2023

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) increased the interest rate to 17.5 per cent on Tuesday, 24 January 2023. This was disclosed by the central bank

Buhari's 8years in Office: No Better Way To Squander Goodwill

Business News·Insights

Updated: At 21.34%, Nigeria’s Inflation Sees First Drop In 11 Months

January 16, 2023

The National Bureau of Statistics (NBS) has disclosed that inflation rate eased to 21.34 per cent in December 2022, down from 21.47 per cent recorded in November last year. According to the

$471 million Lost To Nigeria’s Naira Devaluation – Airtel Africa Reveals

Business News·Insights

Airtel Africa Shareholders Lose N1.28 trillion In 2 Days

October 19, 2022

Airtel Africa investors have lost -19 per cent of their investment in just two days amid meltdown experienced in the Nigerian stock exchange. The Nigerian stock exchange depreciated by -4.85 per cent,

Business News

Kwara Leads States With Highest Food Inflation In Nigeria For September

October 18, 2022

The National Bureau of Statistics (NBS) has released the top three states with highest food inflation rate, as the country records 23.34% rate in September 2022, rising from the 23.12% recorded in

Business News·Insights

How CBN’s New 15.5% Interest Rate, CRR Affects Your Business, Lifestyle

September 27, 2022

The Central Bank of Nigeria (CBN) increased the Monetary Policy Rate (MPR), which is the benchmark interest rate, to 15.5 percent from 14 percent on Tuesday. Nigeria’s central bank also raise cash

Business News

Chris Ngige Reveals FG’s Plan To Raise Worker’s Minimum Wage From N30,000

September 21, 2022

The Minister of Labour and Employment, Chris Ngige, has hinted that the Federal Government will raise the minimum wage of workers due to the rate of inflation that has eroded the value

PWC Raises Concern About Traders, FIRS’ VAT Direct Initiative

Business News

Inflation Rate: Bread, Fish, Gas, Other Prices Increasing Cost Of Living In Nigeria

September 16, 2022

The cost of living in Nigeria skyrocketed last month when food inflation hit its highest rate in almost 17 years in August, after rising to 23.12%, with Nigeria’s inflation rate surging to

Business News·World News

UK Inflation Trails Nigeria’s Rate As Food Prices Worsen Cost Of Living

August 17, 2022

The Office for National Statistics in the United Kingdom revealed that UK inflation rate hit 10.1% in July, the same month Nigeria recorded 19.64% rate, with food prices rising in both countries.

KPMG Predicts Nigeria’s Debt Crisis To Worsen, Proffers Solution

Business News

Akwa Ibom Leads Nigerian States With Highest Inflation Rate

August 15, 2022

The National Bureau of Statistics (NBS) has released its Consumer Price Index (CPI) report for July 2022, disclosing the states that has the highest inflation rate across Nigeria. In the inflation data

Business News·World News

UK Economy To Enter Recession, As Inflation Set To Hit 13 percent

August 4, 2022

Bank of England has announced that the country will enter recession by the end of the year, as it projects inflation rate will rise to 13% before it start reversing to a

Business News·Finance & Economy

Those Destroying Our Economy Should Be In Jail – Senator Ben Bruce Says

July 29, 2022

Former Nigerian Senator, Ben Murray-Bruce, has stated that some people need to be held responsible for Nigeria’s declining economy. The ex-bayelsa lawmaker said this following significant rise in cost of living. What

Business News·World News

UK Citizens Struggling With Milk, Eggs, Other Prices, Joins Nigeria In Historic Inflation Rate

July 20, 2022

Britain entered its highest inflationary period in 40 years last month, with rate rising to 9.4%. The country joined other nations in posting historical inflation figures driven by rising crude oil, amongst

Business News·Markets

Yam, Meat, Other Food Prices Soar, As Nigeria’s Inflation Rate Hits 5-year Highest Cost Of Living

July 15, 2022

Food prices in Nigeria skyrocketed by 5.6% in June, as Nigeria’s inflation soared to 18.6%, the highest level in five years, reflecting the government’s inability to curb rising cost of living in

Business News·News

How 17.71% New Inflation Rate Affects Nigerians

June 15, 2022

The inflation rate in Nigeria hit 17.71% in May 2022, the highest in 11 months, rising from 16.82% recorded in April, according to new report released by the National Bureau of Statistics

Nigeria’s Inflation Rate Further Drops To 32.15% In August

Business News

Nigeria’s Inflation Rate Falls To 15.60% In January

February 15, 2022

Prime Business Africa gathered that the consumer price index, which measures inflation increased to 15.60 percent year-on-year in January 2022. This Newspaper observed that this is 0.87 percent points lower than the

Business News

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