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...

Rising Inflation Pushed 7million Nigerians Below Poverty Line – W/Bank       The World Bank has said rising prices pushed about seven million Nigerians below the poverty line in 2020. This was contained in a press statement titled ‘Critical reforms needed to reduce inflation and accelerate the recovery,...

Food Prices Rose In April Despite Fall In Inflation       The prices paid by consumers for rice, egg, tomatoes and yam rose in April despite 0.91 month-on-month (MoM) fall in food inflation sub-index during the period. Similarly, transport fare for bus, air, motorcycle and waterway journeys increased...

Inflation Reverses 19-month Trend, Drops Marginally To 18.12%       Headline inflation fell to 18.12 percent in April representing 0.05 percent point year-on-year (YoY) decline when compared to 18.17 percent recorded in March. This also represents the first decline in inflation since August 2019 when inflation rate stood...