Nigeria’s headline inflation rate dropped to 23.18% relative to the January 2025 headline inflation rate of 24.48%. This was disclosed by the Nigeria Bureau of Statistics (NBS) in its February…
Read More Nigeria’s Inflation rate drops to 23.18%
Tag: #inflation
NBS: Nigeria’s Inflation rate slowed to 32.15% in August
Our reporter/ Nigeria’s inflation rate decelerated to 32.15% from 33.40% in July, the National Bureau of Statistics (NBS) said Monday. According to the Consumer Price Index report released by the…
Read More NBS: Nigeria’s Inflation rate slowed to 32.15% in August
Inflation: Nigerians to spend 54.9% income on food in next six months – CBN
The rising inflation rate will force Nigerian households to spend the largest amounts of their earnings on food in the next six months, a recent survey by the Central Bank…
Read More Inflation: Nigerians to spend 54.9% income on food in next six months – CBN
CBN raises interest rate to 26.75%
Our reporter/ The Central Bank of Nigeria (CBN) on Tuesday raised the Monetary Policy Rate (MPR), which measures interest rates by 50 basis points, from 26.25% to 26.75% amid soaring…
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IMF maintains 2024 global growth forecast at 3.2%
The IMF held its global growth expectations for 2024 steady in a report Tuesday even as it cut forecasts for the United States and Japan, while warning of inflation risks…
Read More IMF maintains 2024 global growth forecast at 3.2%