Inflation, Economic Recovery Top Agenda As MPC Meets         As the Monetary Policy Committee of the Central Bank of Nigeria (CBN) meets today to commence its two-day meeting, the deliberation is expected to be centered around how to tame inflationary pressure in the country and measures...

Rising Inflation May Push CBN To Hike Interest Rates         The Central Bank of Nigeria (CBN) may be forced to adjust its hold-down position and increase benchmark interest rate as inflation surged by its largest rise in eight years to 15.75 per cent. Most analysts said they...

Nigeria’s Inflation Rises to 15.75%         The consumer price index, (CPI), Thursday recorded 15.75 percent increase (year-on-year) in December 2020. In its monthly report released on Friday, the National Bureau of Statistics, NBS said the increase was 0.86 percent points higher than the rate recorded in...

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...