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Inflation
Inflation Hits 20.77%, Food Supply, FX Crises Worsen
…NACCIMA, NECA fume, economists forecast worse days Nigeria’s Inflation hit a new high of 20.77 per cent in September as food supply, foreign...
Traders, Buyers Groan As Food Inflation Hits 20.60%
Traders and buyers in Lagos markets have expressed dismay over soaring prices of food items as Nigeria’s food inflation figures again recorded an...
Nigeria’s Inflation Overshoots World Bank Projection By 20%
DESPITE raising its Monetary Policy Rate (interest rate), Nigeria’s inflation rate is now 20 per cent above the World Bank’s projection of 15.5...
FG’s Borrowing From CBN Hits N19tn, Inflation May Worsen – Report
The Federal Government’s total borrowing from the Central Bank of Nigeria through Ways and Means Advances rose from N17.46tn as of December 2021...
Inflation Hits 16.82%, Exceeds IMF’s 2022 Projection
The Consumer Price Index rose to 16.82 per cent in April from 15.92 per cent in March, latest figures from the National Bureau...
Rising Crude Oil Prices Will Worsen Inflation, Says IMF
The International Monetary Fund has said rising oil prices may lead to high inflation and slow growth across the world. It stated that...
Inflation Pushes 23 Million Nigerians Into Food Crisis – Report
The World Bank has said COVID-19 pandemic-induced inflation pushed about 23 million Nigerians into a food crisis in 2021. The Washington-based bank said...
Inflation’ll Limit CBN’s Ability To Borrow From FG –IMF, W’Bank Economists
Economists at the International Monetary Fund and World Bank have revealed that persisting inflationary pressure will limit the ability of central banks in...
