Rising Unemployment and Inflation: The Fallout of Nigeria's Subsidy Removal, by Omojo Wada   Consider the wonderful purpose of subsidies, a kind gesture that allows individuals and businesses access to petrol, an essential treasure, despite limited resources. However, in this tale, the small and medium enterprises...

Experts Groan As Buhari Hands Over Struggling Economy   The current regime inherited a frail economy. Despite Nigeria’s economy growing by over six per cent in 2014, economic growth slowed to about three per cent by 2015 – reported as the lowest in the democratic era....

World Bank Says Food Price Inflation Has Remained High Globally   The World Bank says inflation in food prices remains high globally. It made the declaration in its latest Food Security Update report issued on Wednesday. “Information from the latest month between December 2022 and March 2023 for...

Bayelsa, Ondo, Lagos Record Highest Rate Of Inflation - NBS   Bayelsa, Ondo and Lagos states recorded the highest rate of inflation in March 2023. This was according to the latest National Bureau of Statistics data on inflation across the country, which was released on Saturday. According to...

JUST IN: Nigeria's Inflation Rate Rises to 22.04 Percent   The consumer price index (CPI), which measures inflation - the rate of change in prices of goods and services - rose to 22.04 percent in March 2023. The inflation rate rose from 21.91 percent in the previous...

IMF To CBN: Maintain Tight Monetary Policy To Curb Inflation   The International Monetary Fund (IMF), yesterday, advised the Central Bank of Nigeria (CBN) to maintain its monetary policy-tightening mood in order to cage inflation, which jumped to 21.91 per cent as of February. The Washington-based institution,...