The Ghana Statistical Service (GSS) announced on Wednesday that the year-on-year inflation in the West African country has dropped to 25% in April, which is 0.8...
Dangote Cement Plc and BUA Cement Plc spent a whopping N238.437 billion on fuel and power during the first quarter (Q1) ended March 31, 2024. This...
In the past year, the cost of food items, especially staple foods, has seen a significant surge, driven by various factors like the depreciation of the...
The latest report from the International Rescue Committee (IRC) and its partners says that around 16% of Nigerians will face severe food insecurity or hunger between...
The latest report from the International Rescue Committee (IRC) and its partners says that around 16% of Nigerians will face severe food insecurity or hunger between...
“Anybody still in the bread-making business is doing so because he cannot find any other thing to do and wants to save capital. There is no...
Exchange rate gains during the month of April led to a slowdown in inflation pressure, according to the Stanbic IBTC Nigeria Purchasing Managers Index (PMI) in...
For working-class Nigerians, surviving the monthly onslaught of inflation is tough. Before the International Labor Organization’s new definition of unemployment, Nigeria’s unemployed constituted nearly 40% of...
The Acting Director, of the Banking Supervision Department of the Central Bank of Nigeria (CBN), Dr Adetona Adedeji, has affirmed the bank’s decision to prioritize combating...
Financial analysts have warned that the recently increased electricity tariff may drive up inflation in the country and inflict more misery on the poor. Nigeria’s inflation...
Energy and other commodity prices are projected to become significant deflationary factors in the forthcoming years, according to the World Bank. This trend may pose challenges...
Amid the rising food inflation in Nigeria, rice prices are dropping in major markets, falling by 20-30 percent within two months. This is a relief for...
In the bustling heart of Lagos, 58-year-old Emeka Joshua, a retired teacher, stands at the counter of a local pharmacy. With a furrowed brow, he hesitates...
In March 2024, Nigeria’s inflation surged to 33.2% as reported by the National Bureau of Statistics (NBS) in their latest data on Monday. This marks a...
The National Bureau of Statistics NBS says Nigeria’s inflation rate jumped to 33.20% in March 2024 compared to February 2024 headline inflation rate which was 31.70%....
The World Bank has stated that Nigeria’s inflation rate will remain high at 24.8 percent year-on-year, YoY, in 2024. The World Bank also reaffirmed its projection...
President Bola Tinubu has given his assurance to Nigerians that his administration will work towards reducing the high inflation rate and addressing the economic challenges that...
A report released by the National Bureau of Statistics (NBS) has revealed that the headline inflation in the country increased to 31.7 per cent in February...
Minister of Finance, Olawale Edun, has said the Central Bank of Nigeria printing N22.7 trillion in the name of Ways and Means loan under the government...
Former President Olusegun Obasanjo has suggested that the current administration in Nigeria should consider engaging with the government of Zimbabwe to address the current unprecedented level...
In one of its most audacious responses to the ravaging inflation in the country, the Central Bank of Nigeria (CBN) on Tuesday raised the Monetary Policy...
Amidst the country’s inflation, Nigerians return to the old ways of selling drinkable water in nylons called ‘iced water’ as sachet water sells for as high...