Nigeria inflation

CBN Raises Benchmark Interest Rate To 26.75% Amid Soaring Inflation

CBN’s Recalibration Conundrum: A Critical Analysis Of Nigeria’s Economic Trajectory

As the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) convenes today, the recent rebasing of the Consumer Price Index (CPI) has raised questions about the accuracy of Nigeria’s inflation metrics. The newly adjusted Headline CPI for January 2025 stands at

February 19, 2025

Business·Finance & Economy·News

Tilewa Adebajo Calls For Diversifying Revenue Base To Tackle Nigeria’s Inflation

Tilewa Adebajo, the Chief Executive Officer of CFG Advisory, stressed the necessity for Nigeria to broaden its revenue streams in order to combat the prevailing inflation challenge. Adebajo emphasized the urgency of diversification to bolster the government’s financial capacity and foster economic

November 17, 2023

Business

Nigerians Spend More On Food, As Inflation Hits 21.47% In November

The National Bureau of Statistics (NBS) has revealed that Nigeria’s inflation was 21.47 per cent in November, surpassing the 21.09 per cent reported in October 2022. According to the NBS Consumer Price Index CPI) report, this is 6.07 per cent points higher

December 15, 2022

FG Struggling To Borrow, As Foreign Investors Prefer US, Germany, Others

Business

Updated: Nigerians Face More Hardship, As Inflation Hits 21.09% In October

Nigeria’s headline inflation hit 21.09 per cent in October 2022, rising from the 20.77 per cent reported in September. This indicates Nigerians are facing high cost of living in Africa’s largest economy. The inflation level for last month was 5.09 per cent

November 15, 2022

Business·FEATURES·Insights

How Buhari’s Bad Policies, Others Create 95 million Poor Nigerians

After three years of a single-digit inflationary rate regime in Nigeria, the country fell into the double-digit inflation era in February 2016, and has failed to cut itself free in the last seven years under President Muhammadu Buhari. Nigeria had experienced the

September 29, 2022

Governor of Nigerias Central Bank Godwin Emefiele

Editorial

EDITORIAL: How To Save The Naira

As Nigeria’s monetary policy managers, the Central Bank of Nigeria (CBN), through its highest decision-making organ, the Monetary Policy Committee (MPC), holds its 287th meeting on Monday, September 26, and Tuesday September 27, taming inflation and maintaining Naira stability remains its priority.

September 26, 2022

Business·World News

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

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. While Nigeria’s inflation rate is the highest in 17 years,

August 17, 2022

Buhari Mourns Isaac Sagay, Former Nigeria’s Ambassador To The Holy See

Business

Russia And Ukraine War, COVID-19 Cause For Rising Food Prices – Nigerian Gov’t

Despite rising insecurity affecting farmers in Northern Nigeria, the Minister of Agriculture, Mohammad Abubakar, said COVID-19 and the war between Russia and Ukraine caused prices of foods to skyrocket. Prime Business Africa had previously reported that food inflation rose from 19.5% in

August 5, 2022

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CBN’s Recalibration Conundrum: A Critical Analysis Of Nigeria’s Economic Trajectory

Tilewa Adebajo Calls For Diversifying Revenue Base To Tackle Nigeria’s Inflation

Nigerians Spend More On Food, As Inflation Hits 21.47% In November

Updated: Nigerians Face More Hardship, As Inflation Hits 21.09% In October

How Buhari’s Bad Policies, Others Create 95 million Poor Nigerians

EDITORIAL: How To Save The Naira

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

Russia And Ukraine War, COVID-19 Cause For Rising Food Prices – Nigerian Gov’t

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