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…
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Inflation
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…
CBN: We choose to combat galloping inflation against high unemployment
Dr Adetona Adedeji, Acting Director of the Central Bank of Nigeria's (CBN) Banking Supervision Department, has reaffirmed the…
Falling diesel prices will bring down inflation — Dangote
Aliko Dangote, Africa's wealthiest individual, predicts a decrease in inflation for Nigerians following the decline in diesel pump…
Hunger strikes: Corps members decry inflation impact in camps
Members of the National Youth Service Corps (NYSC) in the 2024 Batch A, Stream 1 orientation camps nationwide are grappling with…
Nigeria’s headline inflation reaches 29.90%
The country’s headline inflation moved to 29.90% percent in January 2024, according to the latest data released by the National…
Govs meet with NSA over insecurity, inflation
The Nigeria Governors’ Forum (NGF) convened a meeting with the National Security Adviser, Nuhu Ribadu, to discuss both the…