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
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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
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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.
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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
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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
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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.
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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
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