'Purchase Price Inflation Rises On Forex Challenge'             Unfavourable exchange rate movement exerted pressure on cost, leading to a rise in purchase price inflation. Stanbic IBTC Bank Nigeria disclosed in its Purchasing Managers Index report for the third quarter of 2021. The report however added that private sector...

Regulatory Costs, Inflation Push Banks’ Operating Expenses To N874bn           Nine commercial banks in Nigeria recorded an aggregate operating expense of N874.8bn in the first half of the year. This figure indicates an increase of N51.9bn from the total OPEX of N822.9bn recorded in the corresponding period...

Mixed Reactions As Inflation Falls To 17.38%       The headline inflation slowed for the fourth consecutive month in July from a year-on-year (YoY) growth of 17.75 per cent reported in June to 17.38 per cent. This was contained in the consumer price index (CPI) released by the...

Forex Scarcity, Inflation Put Pressure On FMCG Companies’ Profits       Analysts have identified scarcity of foreign exchange, inflationary pressures and rising input costs due to naira devaluation as responsible for the shrinking profit margins of some fast-moving consumer goods companies listed on the Nigerian Exchange Limited...

Food Prices Soar As Inflation Drops To 17.75%       Prices of food continued to rise as the Consumer Price Index (CPI) which measures inflation (rate of change in the increase in prices) increased by 17.75 percent in June 2021, signifying a 0.18% drop compared to the...

How Inflation Impoverishes Nigerians - NBS     The National Bureau of Statistics (NBS) has validated a World Bank’s report which stated that not less than seven million Nigerians were thrown into poverty in 2020 due to the adverse impact of rising inflation. Head, Public Affairs and International...