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Nigeria’s inflation rate has risen from 33.88 percent in October to 34.60 percent in November.The National Bureau of Statistics (NBS) disclosed this in the November Consumer Price Index and Inflation (CPI) report released on Monday. According to the report, the increase in November was by 0.72 percent. The report showed an increase of 6.40 percent […]
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Nigeria’s headline inflation rate fell to 33.2% in August 2024, marking a decrease of 1.25% points from the 33.4% observed in July 2024. The development indicates a second consecutive month of declining inflation rates following a reduction in the prior month. A National Bureau of Statistics (NBS) Consumer Price Index report published on Monday (today) […]
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Nigeria’s inflation rate dropped to 33.40% in July 2024, according to the latest figures released on Thursday by the National Bureau of Statistics (NBS). The rate dropped by 0.79% when compared to the 34.19% recorded in June 2024. The drop in inflation is happening for the first time in 19 months since December 2022, when […]
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The hopeless situation that many Nigerians have found themselves following the sudden removal of the oil subsidy and unplanned floating of the Naira has been adjudged as unprecedented. The condition is made worse with the poor economy inherited from the Muhammadu Buhari government. It is obvious that the two policies of the present administration though […]
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