BY VICTOR EJECHI When President Bola Tinubu announced that Nigeria’s inflation rate would drop from 34.6 percent to 15 percent by the end of 2025, the declaration sounded like a political flourish—one more lofty projection in a country where people are used to grand promises dissolving into thin air. Yet, as we stand today with […]
A group of analysts at Meristem Research have said the nation’s inflation rate to Increase to 12.37per cent in February from 12.13per cent reported by the National Bureau of Statistics (NBS) in January. They expressed that the impact of the outbreak of the Coronavirus Disease continues to reverberate across the global economy as world leaders […]
Motolani Oseni The Consumer Price Index (CPI), which measures inflation, has slowed down to 11.22 per cent year on year from 11.40 per cent stood in May 2019, data released by the National Bureau of Statistics (NBS) on Monday showed. The latest data showed that the headline index fell to 1.07 per cent on a […]
Nigeria’s inflation rate, inched down to 11. 26 per cent in October from 11.28 per cent stood in September, the latest National Bureau of Statistics (NBS) Consumer Price Index (CPI) report revealed on Wednesday. The CPI, which measures inflation rate for goods and services in the Nigerian economy, showed headline inflation inch down to 11.26 […]
The Economic Intelligence Group of Access Bank says it sees inflation rate (year-on-year) in April to sustain the downward trend started last year, easing to 12.56 per cent compared to 13.34 per cent in March. The lender said though the National Bureau of Statistics (NBS) is scheduled to release the inflation figure for April 2018 […]
Analysts at Financial Derivates Company Limited (FDC) have predicted that inflation rate will plunge to 14.90 per cent in January 2018. According to FDC report, “We forecast that year-on-year headline inflation will plunge to 14.9per cent in January 2018. This is a 0.47per cent decline from 15.37 per cent in December 2017. “If our estimates […]