Business

Experts caution against celebration as inflation drops to 24.48%

DailyTimesNGR DailyTimesNGR 19 February 2025 0

BY TEMITOPE ADEBAYO Despite a significant drop in Nigeria’s inflation rate to 24.48 per cent in January, analysts have warned that price pressures persist, dampening any premature celebrations. The National Bureau of Statistics (NBS) announced the rebased inflation figure, reflecting a shift to

Money

FX stability, lower inflation to boost equities growth in 2025-Analyst

DailyTimesNGR DailyTimesNGR 24 January 2025 0

The managing director/CEO of Arthur Stevens Asset Management Limited, Olatunde Amolegbe, has projected that a stable foreign exchange market and falling inflation rates could drive significant growth in Nigeria’s equities market in 2025. Amolegbe, stated this at the Capital Market Correspondents Association of Nigeria (CAMCAN) review of the 2024 economic activities and

Money

Nigeria’s inflation slows to 32.15% in August amid high food prices

DailyTimesNGR DailyTimesNGR 17 September 2024 0

BY MOTOLANI OSENI Nigeria’s headline inflation rate eased to 32.15 per cent in August 2024, a slight improvement from the 33.40 per cent recorded in July, according to the latest Consumer Price Index (CPI) report by the National Bureau of Statistics (NBS). This marks the second consecutive month of deceleration in inflation, reflecting a 1.25 […]

Headlines

Nigeria’s inflation surges to 33.69% in April

DailyTimesNGR DailyTimesNGR 16 May 2024 0

By Motolani Oseni Nigeria’s inflation rate climbed to a new high in April 2024, reaching 33.69 per cent, according to the latest data released by the National Bureau of Statistics (NBS) on Wednesday. The latest jump in inflation figures represents a significant increase from the 33.2 per cent recorded in March and a substantial jump […]

Headlines

Prices soar as food inflation tips at 35 percent

DailyTimesNGR DailyTimesNGR 16 February 2024 0

By Motolani Oseni The National Bureau of Statistics (NBS), has said the nation’s inflation rate for January 2024 surged to 29.90 percent. This represents a significant increase from the 28.92 percent recorded in December 2023. Amidst rising costs of goods and services in the country, the NBS also put food inflation at 35.41 percent compared […]

Headlines

Nigeria’s hyper-inflation sparks hunger, tension across states

DailyTimesNGR DailyTimesNGR 11 February 2024 0

..Falana blames leadership, calls for mechanized farming …Pensioners threaten to protest naked BY ADA DIKE & STEPHEN GBADAMOSI Nigeria’s soaring inflation is leaving bitter pills in the mouths of citizens as prices of food items have been raised sharply beyond many. At the moment most Nigerians are finding it difficult to eat. Two days ago, […]

Business

Nigeria’s inflation worsens to 27-year high, hits 28.92% in December

DailyTimesNGR DailyTimesNGR 16 January 2024 0

..As food prices skyrocketed to 33.93% By Motolani Oseni Nigeria’s headline inflation rate rose to 28.92 per cent in December 2023 from 28.20 per cent in November, highest in 27-year, the National Bureau of Statistics (NBS) said Monday. Similarly, the food inflation rate in December 2023 quickened to 33.93 per cent on a year-on-year basis, […]

Business

Inflation to dog world economy next year

DailyTimesNGR DailyTimesNGR 29 October 2023 0

By Godwin Anyebe High inflation will dog the world economy next year, with three-quarters of over 200 economists polled by Reuters saying the main risk is that it turns out higher than they forecast, suggesting interest rates will also remain higher for longer. Several central banks are still expected to begin cutting interest rates by […]

Business

Nigeria’s inflation rate hits 24.08% in July, highest in 18 years

Ihesiulo Grace 16 August 2023 0

…As food inflation increases by 4.97% to 26.98% By Motolani Oseni The National Bureau of Statistics (NBS) on Tuesday disclosed that Nigeria’s inflation rate rose to 24.08per cent in July, 2023, about 1.29 per cent increase from 22.79 per cent reported in June 2023. This is even as the Food inflation rate increased by 4.97 […]

Headlines

Tinubu’s early era records Nigeria’s highest inflation rate

Ihesiulo Grace 16 August 2023 0

…in 18 years …24.08% in July, says NBS …Food inflation increases by 4.97% to 26.98% …Oil,bread,tubers, fish,meat,others sorely affected By Motolani Oseni Another measure of the nation’s economic health and that of majority of the citizenry- came yesterday as the National Bureau of Statistics (NBS) disclosed that Nigeria’s inflation rate rose to 24.08 per cent […]

Business

Analysts predicts hike in May 2023 inflation rate to 17-year high

Ihesiulo Grace 15 June 2023 0

Analysts have projected that the Nigeria’s May inflation rate to hit a new 17-year high, as Nigerian Bureau of Statistics (NBS) releases last month Consumer Price Index (CPI) report today. The anticipated increase is attributed to a three per cent decline in the official exchange rate and an 18 per cent growth in the money […]

Headlines

Despite monetary tightening, Nigeria’s inflation rate hits 22.22% in April

Ihesiulo Grace 16 May 2023 0

As food inflation increased to 24.61% YoY By Motolani Oseni Despite the efforts of the monetary tightening that started last year to curtail the rising inflation, Nigeria’s headline inflation rate jumps to 22.22 per cent in April, the National Bureau of Statistics (NBS) latest report has revealed. The NBS latest report, which was obtained by […]

Business

Despite high inflation, Nigeria’s economy project to grow by 3%

Ihesiulo Grace 1 February 2023 0

By Joy Obakeye The United Nations has said Nigeria’s economy will grow by three per cent in the year, stating that despite high inflation and poor power supply in the country, the economy would benefit from robust commodities trade and dynamic consumer goods and services markets. UN disclosed this in its latest report entitled: ‘2023 […]

Business

Nigeria’s inflation slows to 21.34%, first time in 11 months

Ihesiulo Grace 17 January 2023 0

*As food inflation drops to 23.75% in December By Joy Obakeye Nigeria’s headline inflation rate slowed to 21.34 per cent in December 2022 from 21.47 per cent in November, the National Bureau of Statistics (NBS) latest report has revealed. The NBS disclosed this on Monday in its Consumer price index (CPI) report which measured the […]

Business

Analysts project slowdown in Nigeria’s Inflation rate for December

Ihesiulo Grace 16 January 2023 0

Despite higher prices paid on petrol pump prices across the nation in the latter part of 2022, analysts, however, estimate a lower inflation rate for December. In a market brief released, investment banking firm, Afrinvest Limited, said a high base-year effect will spur the first disinflation in 11 months. The statistics office is expected to […]

Headlines

Inflation rate hits highest in 17yrs high, at 21.47% in November

Ihesiulo Grace 16 December 2022 0

By Joy Obakeye ` Nigeria’s inflation rate surged to 21.47 per cent in November from 21.09 per cent recorded in October, representing the 10th consecutively monthly increase since the start of the year. This was disclosed by the National Bureau of Statistics (NBS) in its Consumer price index (CPI) report which measured the monthly change […]

Business

Nigeria’s inflation rate accelerates to 20.52%, highest in 17 years

Ihesiulo Grace 16 September 2022 0

By Motolani Oseni Nigeria’s headline inflation rate accelerated by 88 basis points to 20.52 per cent year on year in September 2022 from 19.64 per cent in August, the National Bureau of Statistics (NBS) latest report has revealed. The current inflation reading is the highest since September 2005 when the Consumer Price Index (CPI) settled […]

Business

Nigeria’s inflation rate hits 19.64% in July-NBS

Ihesiulo Grace 15 August 2022 0

Joy Obakeye Nigeria’s inflation rate in the month of July 2022 rose to 19.64 per cent from 18.6 per cent recorded in the previous month of June 2022 which means a 1.82 per cent month-on-month hike. This was disclosed in a report on Monday by the National Bureau of Statistics (NBS), ‘Consumer Price Index (CPI) […]

News

Inflation drops by 0.37% in July – NBS

Ihesiulo Grace 18 August 2021 0

The National Bureau of Statistics (NBS) said inflation dropped by 0.37 per cent to 17.38 per cent in July, from 17.75 per cent recorded in June. The NBS said this in its “Consumer Price Index (CPI) July 2021 Report” released on Tuesday in Abuja. The inflation rate has been on a steady decline for four […]

Business Headlines

Nigeria records 18.1% worst inflation rate in 4yrs

Ihesiulo Grace 16 April 2021 0

*Food prices pushing inflation upwards-Expert *As Nigeria GDP for 2020 dropped by-1.9% in Q4 BY MOTOLANI OSENI AND PHILIP CLEMENT Official data from the Nigeria Bureau of Statistics (NBS) has shown that the nation’s core inflation increased by 18.17 per cent (year-on-year) in March 2021. This is 0.82 per cent points higher than the 17.33 […]