Inflation Rate Rises to 33.88% in October
Nigeria’s headline inflation rate increased to 33.88% in October 2024, up from 32.7% in September 2024, reflecting a 1.18 percentage point month-on-month increase.
This was contained in the National Bureau of Statistics (NBS) Consumer Price Index (CPI) report released...
Inflation Will Remain Substantially Higher in Nigeria, Other Oil Exporting Countries in 2025 - IMF
The International Monetary Fund (IMF) has projected that with further policy adjustments expected, median inflation will decline slightly in Nigeria, Angola and Ghana, but noted that headline inflation will remain...
Inflation Pushes 129 million Nigerians into Poverty – World Bank Report
The World Bank has released the Nigeria Development Update report, stating that over 129 million Nigerians are currently trapped in poverty.
It released the report on Thursday in Abuja as headline inflation rises, forcing millions...
Interest Rate Hikes Alone Won't Tackle Inflation – LCCI
The Lagos Chamber of Commerce and Industry (LCCI) says rate hikes alone will not curb inflation without first resolving the challenges in the real sector.
President, LCCI, Mr. Gabriel Idahosa, made this known at its quarterly State...
Nigeria’s Inflation Rate Rises to 32.7%
The National Bureau of Statistics (NBS) says the consumer price index (CPI), which measures the rate of change in prices of goods and services, rose to 32.7 percent in September.
This is the first increase in three months after the...
In-country Food Production Will Strengthen Exchange Rate, Tame Inflation - Edun
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, yesterday argued that with adequate in-country food production, the current high inflation rate will be curbed considerably.
Edun made the comment as the...
