Inflation Soars To 21.82% Amid Naira Redesign
Nigeria’s inflation soared to 21.82 per cent in January 2023, according to the National Bureau of Statistics.
This is amid a redesign of the naira by the Central Bank of Nigeria. January’s inflation rate is a 0.48 per cent...
Inflation: Petrol Price Hits N300 Per Litre
The scarcity of Premium Motor Spirit, popularly called petrol, grew worse across the country on Thursday, as massive queues were witnessed in Abuja, Lagos, Port Harcourt, Calabar, Warri, Nasarawa, Minna, among other places.
Oil marketers stated that the scarcity...
"Rising Inflation, Unemployment Will Persist"
A report by Money Africa has said that Nigerians need to get out of bad debts to survive the financial challenges in 2023.
It noted that the residual effect of the pandemic, Russian Ukraine war and high inflation had affected the...
"Nigeria Needs Efficient Fiscal Spending To Curb Inflation"
The federal government has been urged to make public expenditure more efficient as well as address the challenges of supply to curb inflation.
Speaking at the 13th Annual Bankers’ Committee Retreat, the Managing Director/Chief Economist at Analysts Data...
Banks’ Consumer Loans Increases By 31% To N2.55trn On Rising Inflation
On the back of rising inflation rate in Nigeria, banks’ consumer loans rose by 31 per cent or N615.82 billion in one month to N2.55trillion in July 2022 from N1.93trillion in June 2022, the...
Emefiele Says Nigeria’s Inflation May Drop To Below 15% Next Year
The Central Bank of Nigeria is targeting a drop in the country’s inflation rate to less than 15 per cent by end-2023.
The governor of the apex bank, Godwin Emefiele, stated this at the 57th...
