Nigeria’s Exchange Rate Strategy Discourages Investors, Increases Inflation – W/Bank   The World Bank says the Nigerian government’s exchange rate management policies are discouraging investments and fuelling inflation in the country The bank disclosed this in the November edition of its Nigeria Development Update. While highlighting the role...

Inflation May Push 91m Nigerians Below Poverty Line – W/Bank The World Bank says the general increase in food prices which occurred between June 2020 and June 2021 may have increased the percentage of Nigerians living below the national poverty line from 40.1 per cent...

Despite Rising Prices, Inflation Rate Declines Again     The National Bureau of Statistics on Monday disclosed that the nations’ inflation rate fell to 15.99 per cent in October, from 16.36 in September, according to its Consumer Price Index report. This October figure showed a steady decline in...

CBN Pushed N2.907trn Cash Into Circulation In 2020   Despite the rising inflation, the Central Bank of Nigeria (CBN) allowed about N2.907 trillion or 19.06 percent more currency in circulation in the economy as at end-December 2020 compared to the N2.441.67tr currency in circulation at end...

W/Bank Sees Crude Prices Rising Till June 2022, Fuelling Inflation   Energy prices soared in the third quarter of 2021 and are expected to remain elevated in 2022, adding to global inflationary pressures and potentially shifting economic growth to energy-exporting countries from energy-importing ones, the World...

Inflation down to 16.63% Nigeria’s apex statistical agency, the National Bureau of Statistics (NBS) has said the inflation rate wnt down from 17.01 per cent in August 2021 to 16.63% in September 2021. The 0.38% reduction translates to the sixth consecutive month that it has declined,...