Nigerians Displeased With Inflation Control Measures - CBN         In what could be interpreted as an admission of its shortcomings and self-indictment, the Central Bank of Nigeria (CBN) has admitted that Nigerians are displeased with the management of the country’s inflation. Experts had balked at efforts taken...

Rising Inflation’ll Weaken Economy – CBN Survey       Rising inflation will weaken the country’s economy, a new survey by the Central Bank of Nigeria has revealed. The statistics department of the CBN disclosed in its inflation attitudes survey report for the fourth quarter of 2020 that respondents...

Insecurity, Others Push Up Inflation To 14.9%         There are indications that the rising insecurity, border closure, increases in Value Added Tax (VAT), pump price of fuel, electricity tariffs and exchange rates have combined to further pressure headline inflation rate to 14.9 percent in November, 2020. This...

Inflation May Peak At 15.62% In Q2, 2021 — CBN Report       The inflation rate in Nigeria is expected to further rise from the current 14.23 per cent to 15.62 per cent in the next six months, a monthly Central Bank of Nigeria (CBN) survey of...

Nigerians Expect Weaker Economy If Inflation Rises Faster — CBN         The Central Bank of Nigeria has said more than 60 per cent of Nigerian households it surveyed in September believed that the nation’s economy would end up weaker if inflation started to rise faster. The CBN,...

Experts Blame Fuel Price Hike, Borrowing As Inflation Climbs To 14.23%         The hike in food prices and other individual consumption across the country further increased the rate of inflation in Nigeria to 14.23 per cent in October. Figures released by the National Bureau of Statistics on...