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Analysts project slowdown in Nigeria’s Inflation rate for December

In a market brief released, investment banking firm, Afrinvest Limited, said a high base-year effect will spur the first disinflation in 11 months.The statistics...
Business

Nigeria’s inflation slows to 21.34%, first time in 11 months

By Joy ObakeyeNigeria’s headline inflation rate slowed to 21.34 per cent in December 2022 from 21.47 per cent in November, the National Bureau of...
News

Inflation hits 21.34%, food rate increases in December 2022

Looking at the trend, December 2022 inflation rate showed a decline of 0.13% when compared to November 2022 inflation rate. However, on a year-on-year...
Business

JUST IN: Nigeria’s inflation rate hits 21.34%, food prices drop

Nigeria’s inflation rate for December 2022 hit 21.34%, even as the prices of foodstuffs dropped for the period under review.More to come Opinions RipplesNigeria :...
News

How Nigerians are coping with escalating food prices By LYDIA NGWAKWE

Many Nigerians did not pay much attention to the 2022 Global Report on Food Crises (GRFC 2022) released in May, which stated that Nigeria...
Business

BUSINESS ROUNDUP: Banks run out of new naira notes; Nigeria’s inflation jumps to 21.47% in November

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

Inflation has reduced Nigeria’s minimum wage to N19k, dragged 5m into poverty —World Bank

The World Bank has announced that Nigeria’s growing inflation rate has cut the existing minimum wage by 55% and has raised the number of...
Business

Nigeria’s inflation jumps to 21.47% in November

Inflation in Nigeria accelerated for the 10th straight month to 21.47% in November.The figure means that in the month of November 2022, the general...
Business

Rise in dollar rate, four other ways new naira will affect Nigerians, economy

Penultimate Wednesday, President Muhammadu Buhari unveiled the new naira redesigned by the Central Bank of Nigeria (CBN).The redesigned naira was received with mix reactions....
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