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BUSINESS ROUNDUP: Food inflation soars; Naira weakens 40% against dollar; Other stories

Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market...
Business

Food Prices Most Expensive In Kogi, Lagos As NBS Puts August Inflation At 25.80%

The National Bureau of Statistics in its Consumer Price Index (CPI) has said that the country’s headline inflation rose to 25.80 per cent in...
Business

JUST IN: Inflation Rises Marginally To 22.79 % In June, Says NBS

Nigeria’s inflation rate rose to 22.79 per cent in June as contained in the National Bureau of Statistics (NBS) consumer Price Index (CPI) report.The...
Business

Despite CBN’s Monetary Tightening Stance, Food Inflation Soars To 24.32% In January

Food prices in Nigeria have picked up to 24.32 per cent rate in the first month of this yearThe National Bureau of Statistics revealed...
Business

Despite High Pricess, NBS Said Inflation Dropped To 21.34% In December– NBS

Nigeria’s inflation decelerated to 21.34 per cent in December 2022, the first drop in more than nine months.This was revealed in the inflation report...
Business

World Bank Lists Nigeria Among Countries With Acute Food Insecurity

Nigeria may be set for one of its worse food crisis as the World Bank has listed the continent’s biggest economy among countries with...
News

World Bank blames Russia for food inflation, projects 574m global poverty population

The invasion of Ukraine by Russia has been factored in as one of the reasons the world is experiencing food inflation and food insecurity.Recall...
Business

Food Inflation Hits 24.13% Ahead Of Festive Season

Nigeria’s inflation has hit another record as prices rose to 24.47 per cent in November.This is according to the Consumer Price Index report for...
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