Tag: Inflation
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Tinubu’s ‘POS economy’ can’t fight inflation – By Ikeddy Isiguzo
TWICE in less than two weeks, President Bola Ahmed Tinubu has repeated his threat to crush inflation from 36.4 per cent to 15 per cent in 2025.
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Tinubu’s 2025 budget projection: Inflation will reduce by15%, Dollar to N1,500
President Bola Tinubu has said that the 2025 budget forecasts that inflation will decline from current 34.6% to 15% next year. He said this during his presentation of the N47.9 trillion 2025 budget proposal to a joint session of the National Assembly on Wednesday. The President also said that the exchange rate will improve from…
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BREAKING! Hunger rekindled as Nigeria’s inflation hits 34.6%
Hunger rekindled as the National Bureau of Statistics says Nigeria’s inflation rate rose to 34.6 percentin November — up from 33.8 percent in October. In its consumer price index (CPI) report for November published on Monday, NBS said the rate represents an increase of 0.72 percent compared to the October 2024 rate. Details shortly…
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CBN presents reason for worsening inflation in Nigeria
The Central Bank of Nigeria (CBN), says rising food prices is partly responsible for worsening headline inflation in the country.
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Inflation rate in Nigeria rises to 33.88%
The National Bureau of Statistics (NBS) says Nigeria’s headline inflation rate increased 33.88 per cent in October 2024. The NBS disclosed this in its Consumer Price Index (CPI) and Inflation Report for October 2024, which was released in Abuja on Friday.
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Dynamics driving inflation yet to be subdued – CPPE
Centre for the Promotion of Private Enterprises (CPPE) says factors driving inflation dynamics have yet to be effectively subdued, hence the resurgence in the country’s inflationary figure.
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FG unveils new scheme to control inflation
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has unveiled an ambitious agenda for economic reform to reduce inflation, create jobs, and foster growth in key sectors.
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Inflation Crisis: Nigeria takes measures to tackle soaring food Prices
With the onset of the rainy season, the Nigerian Army has deployed troops in several northern states to protect farmers. This deployment, announced by the Director of Defence Media Operations, Maj. Gen. Edward Buba, focuses on the North West and North Central regions. According to Buba, the presence of troops has enabled farmers to access…
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How Nigeria’s inflation rate dropped in July – NBS
Nigeria’s headline inflation rate declined to 33.40 per cent in July, says the National Bureau of Statistics (NBS).
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Report says cost of living increased by 19% in June
The Nigerian Bureau of Statistics (NBS) in its latest edition of the ‘Cost Of Healthy Diet’ report for June stated that the National Average Cost of a Healthy Diet increased to ₦1,241.