Rice, Beans, Tomato Jerked Up December’s Inflation   The eight-month reduction in Nigeria’s inflation was broken in December following a 0.23 percentage point increase as a result of the movement in the prices of mainly rice, bean and tomato. Economic Confidential had reported that the 15.63 inflation...

Price Of Diesel Rises Further By 18.5% To N343/litre   There are indications that price of The average retail price of Automotive Gas Oil (diesel) is on steady rise reaching N343 per litre as at Wednesday, representing 18.5 per cent rise when compared with the National...

In Two Years, FDI Dropped By 48%   Foreign Direct Investment in Nigeria has dropped by $325.82m in two -year, according to data from the National Bureau of Statistics. According to capital importation reports by the NBS, in the first nine months of 2019, the FDI contributed...

FG’s 2022 Target Shaky As Inflation Rises To 15.63%   The National Bureau of Statistics disclosed on Monday that Nigeria’s headline inflation rate rose to 15.36 per cent in December 2021. Earlier data from the NBS showed that headline inflation had maintained a consecutive decline for a...

Inflation Rate Rises By 15.63%, After Eight Months Of Decline   The National Bureau of Statistics (NBS) has said for the first time in the last eight months, inflation rate rose to 15.63% in December 2021 from 15.40% in November. It increased by 1.82%, according to its...

Foreign Capital Importation Increases To $1.73bn In Q3   The total value of capital imported into the country in the third quarter of last year (Q3, 2021) stood at $1.73 billion, representing 97.73 per cent increase compared to the $875.62 million recorded in the preceding quarter. According...