Gusau – The Zamfara State Projects Verification Committee on Tuesday alleged that the immediate past administration of former Gov. Abdul’aziz Yari, spent N3 billion on the ongoing Zamfara State University project. The university project is sited at Yari’s home town, Talata Mafara. The Chairman of the committee, Alhaji Ahmad Zabarma, made the disclosure at the […]
Lagos – Dr Zainab Ahmed, Minister of Finance, Budget and National Planning, on Friday said that Value Added Tax (VAT) increment would contribute to inflation rise, said that it would moderate over time. She further dispelled the report that the Federal Government was planning to borrow N2trillion pension funds for infrastructure development. Ahmed stated this […]
National Bureau of Statistics has revealed that the consumer fee index that measures inflation accelerated to 11.85% in November. According to the inflation report launched on Tuesday, the inflation price multiplied with the aid of 0.24 percentage factors from the 11.61% recorded in October. “The urban inflation fee expanded by using 12.forty seven percentage (12 months-on-year) in November 2019 from 12.20 percent recorded in October 2019, at the same time as the agricultural inflation rate accelerated through 11.30 percent in November 2019 from 11.07 percentage in October 2019,” the file read. Northern Governors […]
Financial Derivates Company (FDC) Limited has said inflation rate in September may likely to spike to 11.22 per cent, attributable to closure of the Seme border by the federal government to curb inflow of imported rice, others. The company in its report noted that the increase in inflation rate is coming after three months of […]
Nigeria’s Inflation rate as measured by the Consumer Price Index (CPI) has improved further to 14.33 per cent in February, compared to 15.13 settled in January, but financial experts believed The National Bureau of Statistic (NBS), on Wednesday, said the nation’s inflation slowdown to 14.33 per cent (year-on-year) in February, making it 13th consecutive disinflation […]
The National Bureau of Statistics (NBS) has published February 2018 inflation report, showing that Nigeria’s headline consumer price index extended deceleration (which started in 2017) to the thirteenth consecutive month. Headline inflation was 14.33% y/y in February, moderating from 15.13% y/y in January. The data came in 33 bps and 28 bps below Cordros Capital […]
Following the latest report by the National Bureau of Statistics (NBS) that the Nigeria’s annual inflation has slowed for the 11th consecutive period in December, analysts at CardinalStone Research have predicted improved rate of 12.9 per cent by end of December 2018. The new statistic report showed that the rate eased to 15.37 per cent […]
The Nigeria’s annual inflation has slowed for the 10th consecutive period in November, easing to 15.90 per cent against15.91 per cent recorded in October 2017, the new report by the National Bureau of Statistics (NBS) on Monday has revealed. The new food price index showed inflation at 20.30 per cent in November, compared to 20.31 […]
The Consumer Price Index (CPI) which measures inflation increased by 15.91 percent (year-on-year) in October 2017, lower than the rate recorded in September (15.98) percent making it the ninth consecutive disinflation (slowdown in the inflation rate) in headline year on year inflation since January 2017. Data realeased on Wednesday by the National Bureau of Statistics […]
Motolani Oseni A group of analysts at the Financial Derivates Company Limited (FDL), have predicted further drop in inflation to 15.99 per cent. The analysts say that the decline will result from widespread ease in food commodity prices, associated with early harvest. ‘ This is coming on the heels of National Bureau of Statistics’ (NBS’) […]
The federal government through the Debt Management Office (DMO) has announced that it would raise a total of N140 billion through bonds auctions on May 10, next week Wednesday. The debt office will sell 40 billion naira of bonds due in 2021 and 50 billion naira each of bonds due in 2027 and in 2037, […]
The National Rebirth Group (NRG), has called for a review of certain policies of the Federal Government following rising inflation and dwindling Foreign Direct Investments (FDIs). Representative of the group, Comrade Salisu Mohammed, during a World Press Conference held Thursday in Abuja, said policies of the Federal Government were not helping the already deplorable situation […]
UK inflation rate fell to 0 per cent in February, the lowest since records began, official figures show. According to BBC, lower prices for food and computer goods helped to cut the rate from 0.3 per cent in January, official figures show. February’s figure is the lowest rate of Consumer Prices Index (CPI) inflation since […]