Food Price Hike, Others Push Inflation To 14.23% — NBS         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 2020. Figures released by the National Bureau of Statistics on...

LCCI Concerned About Food Security, Inflation As Floods Hit States       With food inflation already spiralling out of control, thus putting pressure on disposable income of many households, the Lagos Chamber of Commerce and Industry (LCCI), has expressed concern over the recent incidents of flooding in...

Rise In Prices Of Cereal, Bread, Yam, Others Escalate Nigeria’s Inflation       Nigeria’s inflation has recorded seventh-month consecutive rise to 13.22 percent in August. Headline inflation rate stood at 12.2 percent in February from where it rose steadily every month to 13.22 percent in August. When compared...

Inflation May Continue To Rise Till December – CBN       The Central Bank of Nigeria on Tuesday said the country’s increasing rate of inflation over the past several months might continue to witness further increase till December this year. In his address at the opening session of...

Nigeria’s Inflation Hits 13.22%, Records Biggest Monthly Increase In 2020       The nation’s inflation rate has recorded its biggest increase so far this year, rising to 13.22 per cent in August, the National Bureau of Statistics said on Tuesday. The 13.22 per cent inflation rate is the...

Inflation: Bakers Move To Raise Bread Prices       Owing to increasing prices of raw materials used in making bread, bakers have announced plan to raise the prices of the product which serve as a staple food in many homes. The Premium Breadmakers Association of Nigeria and the...