Inflation: CBN to Maintain Tight Monetary Policy in 2024   The Central Bank of Nigeria (CBN) is likely to maintain a tight monetary policy stance to rein in inflation in 2024 according to analysts. Tight monetary policy is a set of measures taken by a country’s Central...

Stock Investors Gain N1trn Amid Rising Inflation   Despite growing anxiety about soaring inflation and volatile exchange rates, investors trading on the Nigeria’s stock market gained N1.01 trillion at the end of their transactions in the month of November. Buoyed by a surge in investor confidence for...

'Inflation Jumps 24 Times in 25 Months'   Nigeria has experienced 24 times an increase in inflation in the past two years (25 months). This is according to a review of the Commodity Price Index reports published by the National Bureau of Statistics (NBS). The analysis showed that...

Nigeria’s Inflation Hits 27.33% as Food Prices Soar   Nigeria’s annual inflation rate rose to 27.33 per cent in October from 26.72 per cent in the previous month, the National Bureau of Statistics (NBS) said Wednesday. The statistics office said the October 2023 headline inflation rate showed...

'Inflation to Hit 30% by December'   KPMG forecasts that Nigeria’s headline inflation will rise to 30 percent by December 2023, attributing the anticipated increase to recent reforms, such as fuel subsidy removal, and the unification of the foreign exchange market. The insights were shared in KPMG’s...

Inflation May Hit 30% by December - Stears Stears has announced that Nigeria’s inflation rate may rise to 30 per cent by December 2023. The data-driven insights provider announced this while unveiling its Pan-African inflation forecasts. It projected that Nigeria’s annual inflation rate is set to...