The National Bureau of Statistics has released the Consumer Price Index, which measures inflation, with the index rising by 18.55 per cent in the month of December. The NBS, in a report in Abuja, said the 18.55 per cent was an increase of 0.07 percentage...

As the Central Bank of Nigeria’s Monetary Policy Committee (MPC) prepare to commence its last meeting for 2016 tomorrow, the CBN Governor, Mr. Godwin Emefiele, has signalled the likelihood of the retention of the monetary policy rate (MPR), the benchmark interest rate. Emefiele, who gave...

The National Bureau of Statistics (NBS) has said that Consumer Price Index (CPI) which measures inflation has further climbed five notches as it hit 17.6 percent in August compared to 17.1 percent recorded in the month of July 2016. In its Consumer Price Index report...

…As FG Projects better economic outlook for 2nd Half of 2016 Reports reaching Economic Confidential from the National Bureau of Statistics (NBS) indicates that Consumer Price Index (CPI) has risen to 17.1 per cent in July from 16.5 per cent in June. In the latest data...

Currently, the inflationary rate has been 16.5 percent since June 2016, unemployment stood at 12.1 percent in March, 2016, with underemployment also being 19.1 percent in the same period. Adding these indicators together, the misery index of Nigerians stand at 47.7 per cent, and...

The deregulation of the downstream sector of the oil industry, which resulted into an increase in the pump price of Premium Motor Spirit from N87 to N145 per litre has pushed the country’s inflation rate to an 80-month high of 15.6 per cent. The National...