Tag: Inflation

Tinubu: 2025 Budget Will Reduce Inflation To 15 Percent
December 19, 2024 No Responses

Tinubu: 2025 Budget Will Reduce Inflation To 15 Percent

President Bola Tinubu has declared that the 2025 budget forecasts is expected reduce inflation from current 34.6% to 15% next year. He said this during his presentation of the N49.7 trillion 2025 budget proposal to a joint session of the...
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Reps Probe FG’s Undelivered 2,000 Tractors
December 18, 2024 No Responses

Reps Probe FG’s Undelivered 2,000 Tractors

The House of Representatives on Tuesday resolved to investigate the non-delivery of the Federal Government’s 2,000 tractors, 100 combined harvesters and other agricultural implements under the renewed hope agenda of President Bola Tinubu. In November 2023, t...
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Obaseki Attributes Rising Inflation To Inability To Produce, Export
June 24, 2024 No Responses

Obaseki Attributes Rising Inflation To Inability To Produce, Export

The Edo State Governor, Mr. Godwin Obaseki, has linked Nigeria’s persistent rising inflation to the country’s inability to consistently produce and export goods and services, noting that the trend continues to affect the nation’s economy negatively. Obas...
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Nigeria’s Inflation Rises To 33.95 Per Cent 
June 16, 2024 No Responses

Nigeria’s Inflation Rises To 33.95 Per Cent 

Nigeria’s inflation rate increased to 33.95 per cent in May 2024, the National Bureau of Statistics (NBS) disclosed in its latest data. According to the NBS Consumer Price Index report released on Saturday, this represents an increase of 0.26% points...
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Nigeria’s Inflation Hits 33.69 Per Cent
May 16, 2024 No Responses

Nigeria’s Inflation Hits 33.69 Per Cent

Nigeria’s inflation rate rose to 33.69% in April 2024 compared to March 2024 headline inflation rate which was 33.20%. This was according to the National Bureau of Statistics (NBS)’s Consumer Price Index (CPI) report released on Wednesday. “In April 2024...
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Nigeria’s Inflation Rate Hits 33.20%
April 16, 2024 No Responses

Nigeria’s Inflation Rate Hits 33.20%

Nigeria’s inflation rate jumped to 33.20% in March 2024 compared to February 2024 headline inflation rate which was 31.70%. This was according to the National Bureau of Statistics (NBS)’s Consumer Price Index (CPI) report released on Monday. “Looking at ...
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Iceland Lauds Nigeria’s Ongoing Economic Reforms
April 15, 2024 No Responses

Iceland Lauds Nigeria’s Ongoing Economic Reforms

Iceland Honorary Consul to Nigeria has applauded the ongoing economic reforms being carried out by the administration of President Bola Tinubu.Iceland Honorary Consul to Nigeria, Jacky Hathiramani who stated his home government’s position at a press briefing...
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Nigeria’s Inflation Hits 31.70%
March 16, 2024 No Responses

Nigeria’s Inflation Hits 31.70%

The inflation rate has moved to 31.70 per cent in February, according to the latest data by the National Bureau of Statistics (NBS).  The Bureau released the figure on Friday, with the latest data showing a rise from the 29.90...
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How Interest Rate, Inflation, and Exchange Rate Will Shape Economic Growth In 2024, By Augusto & Co
February 9, 2024 No Responses

How Interest Rate, Inflation, and Exchange Rate Will Shape Economic Growth In 2024, By Augusto & Co

A Pan-African Credit Rating Agency Agusto & Co has identified three major economic variables that are likely to have a fareaching impact on Nigeria’s growth in Gross Domestic Product (GDP) in 2024.Agusto & Co is a leading provider of industry...
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Obaseki Decries Persistent Inflation, Dollarization 0f Nigeria’s Economy
November 20, 2023 No Responses

Obaseki Decries Persistent Inflation, Dollarization 0f Nigeria’s Economy

The Edo State Governor, Mr. Godwin Obaseki, has decried the surge in inflation and the dollarization of the nation’s economy. Obaseki spoke while delivering his keynote address at the Delta State Executive Retreat 2023 with the theme, “Delivering the M.O.R...
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Nigeria’s Inflation Rate Increases To 19.64% In July
August 15, 2022 No Responses

Nigeria’s Inflation Rate Increases To 19.64% In July

Nigeria’s headline inflation rate increased to 19.64 per cent on a year-on-year basis in July, 2022, the National Bureau of Statistics (NBS), has revealed .   Prince Semiu Adeniran, the Statistician-General of the Federation and Chief Executive Officer, Nat...
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Opinion: Inflation Timebomb Threatens Nigeria’s Outlook
June 18, 2022 No Responses

Opinion: Inflation Timebomb Threatens Nigeria’s Outlook

By Lukman Otunuga, Senior Research Analyst at FXTM — There was a period when Nigeria displayed resilience against the inflation menace. As other countries across the globe waged war on rising prices, Africa’s largest economy experienced periods of cool...
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Heineken To Put Up Prices As Costs Soar 
February 17, 2022 No Responses

Heineken To Put Up Prices As Costs Soar 

Heineken, the world’s second-largest brewer, has warned that it will increase the price of its beers due to the impact of inflation. The firm, which sells brand including Strongbow cider, Amstel and Europe’s best-selling lager, Heineken, blamed soa...
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Opinion: Nigerian Shares Steady But Dollar Sinks As Investors Digest Inflation Data
January 14, 2022 No Responses

Opinion: Nigerian Shares Steady But Dollar Sinks As Investors Digest Inflation Data

By Lukman Otunuga, Senior Research Analyst at FXTM — Nigerian shares hovered around 2021 highs on Thursday, gaining over 4.4% year-to-datedespite the December U.S. inflation report reinforcing Fed rate hike expectations. The U.S. consumer price index (CP...
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