Manufacturers Incur Heavy Losses As Inflation, Forex Crisis Get Worse   In apparent reflection of the depreciation in the value of the Naira coupled with the sustained inflationary pressure, the cost of raw material input for consumer goods companies rose by 18.5 percent in the first...

Nigeria’s Inflation Hits 25.80% As Food Prices Rise – NBS According to the Consumer Price Index (CPI) released by the National Bureau of Statistics (NBS), Nigeria’s inflation has jumped to 25.80% for August 2023. The latest figure is 1.72% points higher than the 24.08% reported in...

In Six Months, Product Taxes Rise To N1.36trn – NBS   Taxes on products in the country rose to N1.36tn in the first six months of 2023 despite worsening hardship across the board. This is a 113.29 per cent increase from the N636.19bn it was in the...

Addressing the Rising Cost of Living in Nigeria, by Jamilu M Ja’afaru   Nigeria, a vibrant and populous country in West Africa, is grappling with the escalating cost of living, posing significant challenges for its citizens, especially those at the bottom of the socioeconomic ladder. As...

Why June Inflation Figure Drop Below Expectation – NBS   The National Bureau of Statistics (NBS) has stated that the inflation figure released for the month of June did not reflect the anticipated rise by experts as the market survey used to calculate the indices stopped...

Subsidy Removal, Naira Depreciation Push Inflation To 22.79%   Nigeria’s inflation rate rose further to 22.79 per cent Year-on-Year (YoY) in June 2023 from 22.41 per cent previous month of May. But analysts appear surprised that the increase was moderate, beating their projections at the backdrop of...