The NBS attributed the increase in the annual inflation rate (Year-on-Year basis) to two factors namely: “ Increase in cost of importation due to the persistent...
Besides hiking the MPR, Emefiele had also noted that the CBN would take also take a cue from advanced economies and reduce the circulation of N500...
The state Coordinator, Country Women’s Association of Nigeria (COWAN), Mrs Jessica Vonkat, said every woman had been advised to cultivate staple food crops and vegetables in...
Commenting on the development, analyst at CowryAssets Management Plc said:” Our headline inflation outlook remains elevated when we take into account the recent flooding which affected...
Let the CBN come clean, stop lending to government with attendant inflationary pressure and currency depreciation, but make government more responsible in its fiscal policy. This...
It said the slash was germane as growth and demand continued to slow and also cited “escalating geopolitical risk” and asserted that its markets should expect...
If lessons are to be served by the fact that the food and other commodities are increasingly proving beyond the reach of many Nigerians, it is...
He said: “The closure of companies will further drive more citizens into poverty. Already the sector is struggling and the government policies are not helping. The...
According to him, “I know a whole lot of people have actually left the business. People are actually going out of business and if it continues...
The effect is an upsurge food costs were the biggest driver of the latest hike, according to the Office for National Statistics, with annual inflation for...