Key Highlights as Inflation Surges to 24.08% in July
Food inflation were highest in Kogi, Lagos, and Bayelsa with 34.53%, 32.52%, and 31.31% respectively
Food inflation were highest in Kogi, Lagos, and Bayelsa with 34.53%, 32.52%, and 31.31% respectively
The jump comes on the back of removal of petrol subsidies and the unification/devaluation of the official exchange rate.
With the inflation beast drawing strength from rising food prices, transportation, and import costs, it is forecast to tick even ...
In response to the soaring food prices and anti-competitive practices, the Federal Government, acting through the Federal Competition and Consumer ...
Writer: EVANS WOHEREM, Ph.D Root Causes of Economic Challenges in African Countries The economic challenges faced by several African countries, ...
The Lagos Chamber of Commerce and Industry (LCCI) has called on the federal government to reduce taxes on basic food ...
In recent times, Nigeria has grappled with surging inflation rates and the removal of subsidies, significantly impacting the cost of ...
Nigeria is Africa's largest economy with much potential to blossom but its current economic state looks dicey. The new administration ...
Food in Nigeria is becoming more expensive than ever before. Ordinarily, Africa's largest economy with vast land of 1,200 km ...
The year 2022 witnessed a significant inflation rate of 18.85 percent, which was higher compared to the previous year's rate ...
The playbook adopted by the Central Bank of Nigeria (CBN) to curb inflation seems ineffective amid persistent inflationary pressures. Inflation ...
In a move aimed at generating cash flows and sustaining business operations, MTN Group said Thursday it is planning to ...
While economic uncertainty can be scary, being prepared can help individuals and businesses weather unexpected financial storms
The Central Bank of Nigeria (CBN) continued to increase the Monetary Policy Rate (MPR), otherwise known as the interest rate, ...
The National Bureau of Statistics on Wednesday said the inflation rate has risen to 21.91%, compared to January 2023 inflation ...

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