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...

Nigeria’s Private Sector Struggles With Economic Impact Of COVID-19, Inflation, Devaluation       The COVID-19 crisis has brought with it disastrous economic effects. As the virus continues to spread, business and world economies have been experiencing a huge decline in revenue. According to KPMG, about 94 per...

Increase Productivity, Reduce Cost To Curb Inflation – LCCI     The Director-General, Lagos Chamber of Commerce and Industry, Mr Muda Yusuf, has said there is a need to boost productivity, reduce costs of logistics, and address production cost issues which are affecting inflation in the country. Yusuf...

Naira Devaluation’ll Raise Debt Profile, Inflation - Experts     The recent devaluation of the naira will lead to a rise in the debt profile of the country and banks in naira terms among other side effects, experts have said. The Central Bank of Nigeria recently adjusted the...