Tag: Inflation
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CBN expected to raise interest rate further as naira strengthens
The Central Bank of Nigeria will announce its latest interest rate decision today, a month after delivering a huge increase of 4 percentage points...
Nigeria inflation crosses 30% mark — highest in 28 years
Consumer prices rose 31.7 percent in the year through February, an uptick in the inflation rate, above 29.9 percent the previous month. It is...
Rice soars to N90,000 as Nigeria’s punishing inflation continues
Foodstuff traders in Lagos state have decried the volatility of prices as well as the continued rise in consumer price in the country.
The traders...
Plantain 130%, rice 99%…How Nigeria food prices rose in last year
Food prices increased in January by 35.4 percent in the last one year, the fastest pace of food inflation in nearly 30 years, as...
Nigeria inflation isn’t cooling; at nearly 30% in January
Nigeria consumer prices rose further in January to nearly 30% as inflation shows no sign of cooling amid growing hardship across the country.
Inflation rose...