Tinubu Expresses Optimism in Economy, Promises 15% Inflation Rate
President Bola Ahmed Tinubu has said that Nigeria's economic indicators are pointing to a positive and encouraging outlook while promising to reduce Inflation to the bearest minimum.
The President said this during his new year nationwide broadcast...
NLC, OPS Fear Rising Inflation Amid Failed Food Import Policy
The Nigeria Labour Congress and members of the organised private sector have strongly criticized the Federal Government for its slow pace in implementing a duty waiver on imported food, which was announced in July this...
Inflation may Drop to 34.5% in December – Report
Nigeria’s headline inflation rate may drop by 25 basis points to 34.5 per cent in December 2024.
In a report by Afrinvest Research on Saturday, this moderation is attributed to the high base year impact on the...
Tinubu’s 2025 Budget Proposal Targets N1,500/$ Exchange Rate, 15% Inflation Rate
President Ahmed Bola Tinubu presented the proposed 2025 budget to the joint session of the National Assembly on Tuesday. The Budget is built on key assumptions, including an exchange rate of N1,500 to the...
Although the federal government secured multilateral loans amounting to $3.334bn (N5.178tn) and attracting over $4.3bn investments to boost food production, the cost of essential staple food items have rosen by 60.88 per cent under the leadership of President Bola Tinubu, according to a report by The PUNCH.
Inflation Increases to 34.60% in November – NBS
Nigeria’s headline inflation increased to 34.60 percent in November, the National Bureau of Statistics (NBS), has stated.
A report by the bureau said the headline inflation rate showed an increase of 0.72% points, compared to the 33.88 percent...
