Inflation Drops, Now 14.33%   Annual inflation in Nigeria stood at 14.33 per cent in February, slowing for the 13th month in a row. It is driven by a decline in the pace of food price increases, the statistics office said on Wednesday. The food price index showed...

Inflation Threatens CBN’s Rate Cut Plan The Central Bank of Nigeria’s Monetary Policy Committee’s long-awaited interest rate-cutting cycle risks being short-lived, if it starts at all. The CBN Governor, Godwin Emefiele, had said last month that the MPC might reduce its benchmark interest rate from the...

 January Inflation Rate stands at 15.13% The Consumer Price Index (CPI) which measures inflation started the year 2018 increasing by 15.13 percent (year-on-year) in January 2018. This was 0.24 percent points lower than the rate recorded in December (15.37 percent) making it the twelfth consecutive...

As we browse towards the end of the year 2016, many Nigerians are not happy that the Federal Government’s promise of short term target of single digit inflation embedded in the 2016 budget has not been realized. The reasons are legion. First among the several...

Currently, the inflationary rate has been 16.5 percent since June 2016, unemployment stood at 12.1 percent in March, 2016, with underemployment also being 19.1 percent in the same period. Adding these indicators together, the misery index of Nigerians stand at 47.7 per cent, and...