Inflation Archives — City Business News

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 the...

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...

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...

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...

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...

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...

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...

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...

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...

January 12, 2022 No Responses

LCCI Tasks FG On Inflation, Others

The Lagos Chamber of Commerce and Industry (LCCI) has called for better management of the country’s inflation, foreign exchange(FX) and debt portfolio indexes. LCCI President, Dr Michael Olawale-Cole, made the call during the Chamber’s 2022 first qua...

February 17, 2021 No Responses

Inflation: Expert Tasks CBN On Agric Interventions

The Association of Capital Market Academics of Nigeria (ACMAN) has urged the Central Bank of Nigeria (CBN) to scale up interventions in agricilture sector to stem the rising inflation figure. ACMAN President, Prof. Uche Uwaleke, said this in an interview...

November 8, 2020 No Responses

Prices Of Cooking Oil Up By 40 Per Cent

Prices of palm oil and vegetable oil have skyrocketed in major markets across Enugu State metropolis, placing both commodities beyond the reach of many consumers. A market survey conducted by the News Agency of Nigeria (NAN) on Saturday revealed that...

July 10, 2017 No Responses

CBN targets single digit inflation

Nigeria “will get back” to single digit inflation, the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele has declared. In an interview with Arise Television, Emefiele explained that with the improvement seen in growth from the negative 1.7...