Inflation: Nigerians to spend 54.9% income on food in next six months…
The rising inflation rate will force Nigerian households to spend the largest amounts of their earnings on food in the next…
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Inflation
Nigeria’s inflation rate drops to 33.30% in July — NBS
A newly published report by the National Bureau of Statistics (NBS) indicates a decline in Nigeria’s headline inflation rate to…
UK Inflation rate rises for first time this year to 2.2%
The UK's inflation rate has increased for the first time this year, according to official figures.
Prices overall rose by…
JUST IN: CBN increase interest rate to 26.75% amid soaring inflation
The Central Bank of Nigeria (CBN) has once again increased the Monetary Policy Rate (MPR) by 50 basis points, raising it from…
UK inflation holds at 2.0 percent in June
UK inflation held steady in June, remaining at the Bank of England's target rate of 2%, according to the latest official…
Nigeria’s inflation rate hits 34.19 % amid rising food cost
Nigeria’s inflation figure has reached a new high, hitting 34.19 % for June 2024, according to the latest data from the National…
Inflation: FG announces suspension of taxes on imported food commodities
The Federal Government has announced duties, tariffs and taxes on imported food commodities will be suspended.
In a statement…
Nigerians borrow ₦3.9bn as inflation heightens — CBN
Nigerians have resorted to loans as one of their survival strategies, as a report by the Central Bank of Nigeria (CBN), said…
World Bank doubts CBN’s monetary policy will curb inflation
The World Bank has expressed doubt that the Central Bank of Nigeria's (CBN) tightening of monetary policy will effectively combat…
CBN raises interest rate to 26.25 % amid soaring inflation levels
The Central Bank of Nigeria (CBN) has hiked interest rates by 150 basis points, from 24.75% to 26.25%.
Following a two-day…