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Tag: Inflation
CBN will deploy necessary tools to battle inflation – Cardoso
Central Bank of Nigeria (CBN) Governor Olayemi Cardoso has affirmed that the Federal Government is prepared to deploy all tools to rein in inflation. The CBN, Cardoso said, is prepared…
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How Falling Diesel Pump Price Will Reduce Inflation — Dangote
The President of the Dangote Group, Aliko Dangote, on Wednesday, in Lagos, said Nigerians should expect a drop in inflation given the reduction of diesel pump prices by two-thirds. …
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Inflation Climbs to 28.92%, Closes At 21-Year High — NBS
Food inflation continues to outperform general inflation. In December 2023, the food inflation rate was 33.93 per cent. Inflation has continued to rise, according to a report by the National…
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Nationwide shutdown looms as inflation becomes worse due to fuel subsidies.
The country has been in a state of chaos since President Bola Tinubu announced the end of the fuel subsidy regime on Monday, May 29, 2023, as citizens deal with…
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Nigeria’s inflation increases to 22.22 per cent
Nigeria’s April inflation figure on Monday increased to 22.22 per cent from 22.04 per cent last month. The National Bureau of Statistics Consumer Price Index report released Monday disclosed this.…
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The underlying causes of Nigeria’s inflation and commodity prices
Inflation is no stranger to the Nigerian economy. From the independence era to the present; the value of the naira has only been on a steady decline. Nigeria’s inflation rate…
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8 Years Later, and the Naira Continues to Plunge Under the Watchful Eyes Of CBN Governor Emefiele
The official rate of the Naira against the US Dollar has declined from N164 to N419 since the central bank's Governor, Godwin Emefiele, took office in March 2014. (or 61…
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