MPC To Retain Policy Rates As Analysts See Further Rise In Inflation   The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) meeting today is expected to retain its policy rates at current levels following the sharp increase in the inflation rate to...

Inflation Increased By 12.56% In June – NBS   The National Bureau of Statistics (NBS ) has said Consumer Price Index (CPI) that measures inflation increased by 12.56 per cent in June 2020. According to its website report titled “CPI June Report 2020, “The consumer price index,...

Nigerians Believe Rising Inflation’ll Weaken Economy – CBN     Many Nigerians believe that rising inflation will lead to a weaker economy, according to a survey by the Central Bank of Nigeria. The Statistics Department of the CBN disclosed this in its ‘Q2 2020 Inflation Attitudes Survey Report’,...

Nigeria’s Inflation Rate Hits 25-month High At 12.4% In May     Nigeria’s annual inflation rate rose for the ninth consecutive months to 12.4 percent in May from 12.34 percent in April. This represents the highest inflation rate in 25 months since April 2018. Nigeria Bureau of Statistics, NBS,...

Analysts Forecast Higher Inflation Rates     Economists and development analysts at the Centre for the Study of Economies in Africa (CSEA) have projected that the nation’s inflation rate may surge further in the months ahead as the various fiscal stimulus packages deployed to combat the pandemic...

Rising Inflation Signifies Tougher Times Ahead – LCCI, NECA, ASBON   The Lagos Chamber of Commerce and Industry, Nigeria Employers’ Consultative Association, and the Association of Small Business Owners of Nigeria have warned that unless the Federal Government take some measures to reposition the economy, tougher...