Inflation

The consumer price index, (CPI) which measures inflation increased by 16.47 percent (year-on-year) in January 2021, according to latest data released by the National Bureau of Statistics (NBS). This is 0.71 percent points…

The National Bureau of Statistics says the nation’s inflation rate rose by 0.5 per cent point to 14.2 per cent in October from 13.7 percent in September 2020. This represents the 14th consecutive monthly rise in Headline…

‎The Federal Roads Maintenance Agency (FERMA),‎ on Thursday said the ministries of Finance and Works and Housing inflated its 2021 budget by over N11bn.‎ M‎anaging Director of FERMA,  Mr. Nurudeen Rafindadi, spoke while…

Nigeria’s inflation rose to 13.7 per cent in September, hitting its highest level since its 13.34 per cent rate of March 2018. The National Bureau of Statistics made this known in its Consumer Price Index report for September on…

In a bid to curb the rising inflation and address recession in the economy, the Central Bank of Nigeria (CBN) says it would pursue expansionary monetary policies since the fiscal policy already has some limitations. The…

‎Nigeria's inflation rate rose to 13.22 per cent in August, according to latest figures released by the National Bureau of Statistics on Tuesday. The inflation rate for August was the biggest increase so far this year. Also, the…

The Central Bank of Nigeria (CBN) has lamented that the country’s inflation rate which stood at 12.82 per cent in July may rise up to 14.15 per cent by the end of December 2020. The development is coming as the federal…

Irked by the country’s rising inflation rate currently at 12.82 per cent, experts have urged the Central Bank of Nigeria (CBN) to quickly stabilise exchange rate at the parallel market and Bureau De Change by ensuring foreign exchange…

The National Bureau of Statistics (NBS) says the country’s rate of inflation rose to 12.82 per cent in the month of July 2020, the highest ever recorded for the past 27 months. Inflation is measured by the country’s Consumer Price Index,…