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BUSINESS ROUNDUP: Inflation rate hits 26.72%; Tinubu eyes $1.5bn World Bank loan; 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

‘Inflation Eroding The Value Of Naira, Pushing More Nigerians Into Poverty’- Experts React To NBS Report

Some economic experts have said that Nigeria’s rising inflation is difficult to tackle without fixing the foreign exchange crisis and epileptic power situation in...
Business

Food, non-alcoholic beverages, others drive inflation rate to 25.80%

Food and non-alcoholic Beverages and housing were major drivers of the inflation rate in August 2023, as inflation soared to 25.80 per cent.The National...
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: Food, non-alcoholic beverages, others drive inflation rate to 25.80%

Food and non-alcoholic Beverages and housing were major drivers of the inflation rate in August 2023, as inflation soared to 25.80 per cent.The National...
Business

JUST IN: Nigeria’s inflation rate rises to 28.80% for August

Nigeria’s inflation rate has risen to 25.80 per cent in August from 24.80 per cent recorded in July, according to the National Bureau of...
Business

CBN Gradually Withdraws Old Notes To Curb Inflation As Currency In Circulation Falls To N2.5trn

The Central Bank of Nigeria may have commenced the gradual withdrawal of old notes in a bid to curb the rise of inflation in...
Business

Nigeria’s inflation rate up from 22.41, hits 22.79 in June

Nigeria’s inflation rate rose from 22.41 per cent in May 2023 to 22.79 per cent for June 2023, according to the latest report released...
Business

JUST IN: Nigeria’s inflation rate up from 22.41, hits 22.79 in June

Nigeria’s inflation rate rose from 22.41 per cent in May 2023 to 22.79 per cent for June 2023, according to the latest report released...
Business

Subsidy Removal: Nigeria’s Inflation Rate To Hit 25%, Says World Bank

Following the removal of fuel subsidy in Nigeria, the World Bank has projected that inflation may hit 25 per cent in 2023 against the...
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