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...

Import Bills, Supply Chain Disruptions To Further Spike Inflation   Nigerians may have to brace for tougher times earlier declared by the nation’s economic managers, once the lockdown is relaxed, as the realities of global supply chain disruptions, pressure on Naira as a result of demand...

Nigeria’s Inflation Rises To 12.26% In March – NBS   Inflation rate in Nigeria rose to 12.26 percent in March from the 12.20 percent recorded in February, 2020. The consumer price index (CPI), which measures inflation, released on Tuesday by the National Bureau of Statistics (NBS) showed...

Forex Pressure, Infrastructure Deficit May Worsen Inflation — Emefiele     The Governor, Central Bank of Nigeria, Mr Godwin Emefiele, has said that the infrastructural deficits and emerging pressures from the foreign exchange market may aggravate inflation. He said with the decline in crude oil receipts as well...