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Nigeria Inflation News - Page 3

Petrol Landing Cost Price Now At N1,117/litre, MEMAN Reveals

Petrol Importation Cost Rise By 31.4% Amid Reduced Consumption In Nigeria

Nigeria’s spending on petrol importation has increased, despite a substantial drop in the country’s consumption rate. Reports from the Nigeria Bureau of Statistics (NBS) reveal that N2.63 trillion was spent on importing Premium Motor Spirit (PMS) in the first quarter of 2024.

June 13, 2024

5 Ways To Manage Your Finances Amid Soaring Prices

Business·News

5 Ways To Manage Your Finances Amid Rise Of Prices

As the Nigerian economy continues to struggle with rising prices, experts suggest making a plan and sticking to 5 ways to manage your finances. “What are these prices?” Victoria Adeoye exclaimed, holding up a pack of beans during a video call with

June 12, 2024

Business·News

Sallah: Ram Sellers Lament Low Patronage, Blame Economic Challenges

As the Sallah celebrations approach, ram sellers across Nigeria are facing a challenging situation. The combination of economic difficulties, insecurity, and high transportation costs has resulted in low patronage, causing concern among traders. Ibrahim Yusuf, a cattle trader in Ibafo, Ogun State,

June 9, 2024

Intra-Africa Trade: Nigeria Ranks Fourth, Follows South Africa, Cote d’Ivoire, Egypt

Business·News

Nigerian Govt To Suspend Import Duties On Food Items, Pharmaceutical, Others For 6 Months To Tackle Inflation

The Federal Government of Nigeria is set to implement a significant economic measure aimed at curbing inflation by suspending import duties on essential items for a period of six months. This decision, outlined in an executive order reviewed by Nairametrics, targets staple

June 6, 2024

Business·News

Food Imports Hit N3trn Over Insecurity, Others – CBN

The Central Bank of Nigeria (CBN) has disbursed a substantial $2.13 billion in 2023 for food imports, highlighting persistent challenges in the country’s agricultural sector despite efforts to boost local production. According to quarterly data from the CBN, the funds were allocated

May 21, 2024

Economy: Don’t Suffocate Businesses, CPPE Warns Regulatory Agencies

Business·News

Be Cautious On Monetary Policy Tightening As Businesses Yet To Recover From Previous Hikes, CPPE Tells CBN

Ahead of the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) meeting later this month, the Centre for the Promotion of Public Enterprise (CPPE) has issued a plea for a cautious approach towards monetary policy tightening. The CPPE emphasized that businesses

May 16, 2024

Nigeria's Inflation Drops To 24.48% In January

Business·News

Inflation Hits 33.69%: Imported Food Prices Rise As Economic Hardship Bites

Nigeria’s inflation rate has risen for the 16th consecutive month, reaching 33.69% in April 2024. This increase is attributed to a surge in food prices, electricity tariffs, and transportation costs. The National Bureau of Statistics (NBS) reports that the average price of

May 16, 2024

CBN Raises Benchmark Interest Rate To 26.75% Amid Soaring Inflation

Finance & Economy·Opinion

CBN Governor And Waste Of Economic Terms

Recently during a Monetary Policy Committee (MPC) meeting of the Central Bank of Nigeria (CBN) in March 2024, the CBN governor, Olayemi Cardoso, said that government’s large-scale purchase of foodstuff as palliatives is contributing to the country’s rising food inflation

May 15, 2024

Business·News·World News

Inflation Rate: Nigeria, US Expect Inflation Report For April Amid Economic Uncertainties

Nigeria and the United States are eagerly awaiting the release of their respective report for their inflation rates for April, as both countries grapple with rising prices and economic challenges. In Nigeria, the consumer price index (CPI) has been on a steady

May 13, 2024

Tomato Supply Threat Sparks Fear Of Price Hike In Lagos Over Market Clash

Business·News

Tomato Supply Disruption Threat After Market Clash Sparks Fear Of Price Hike In Lagos

The Tomato Crates Dealers Association of Nigeria has issued a stern warning that the supply of tomatoes to Lagos could be severely disrupted, potentially leading to increased prices for tomatoes and peppers across the state. This threat comes in response to the

May 6, 2024

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Nigeria Inflation News - Page 3

Petrol Importation Cost Rise By 31.4% Amid Reduced Consumption In Nigeria

5 Ways To Manage Your Finances Amid Rise Of Prices

Sallah: Ram Sellers Lament Low Patronage, Blame Economic Challenges

Nigerian Govt To Suspend Import Duties On Food Items, Pharmaceutical, Others For 6 Months To Tackle Inflation

Food Imports Hit N3trn Over Insecurity, Others – CBN

Be Cautious On Monetary Policy Tightening As Businesses Yet To Recover From Previous Hikes, CPPE Tells CBN

Inflation Hits 33.69%: Imported Food Prices Rise As Economic Hardship Bites

CBN Governor And Waste Of Economic Terms

Inflation Rate: Nigeria, US Expect Inflation Report For April Amid Economic Uncertainties

Tomato Supply Disruption Threat After Market Clash Sparks Fear Of Price Hike In Lagos

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