An economist, Dr Obadiah Mailafia, has said the latest 17.24 per cent inflation figures indicated a marginal reduction in prices of goods and services.

THE latest statistics released by the National Bureau of Statistics, NBS, yesterday, is pointing to further upsurge in food inflation even as headline inflation rate declined marginally for the third consecutive month in April 2017 to 17.24 percent, from 17.26 percent recorded in March.

The Consumer Price Index (CPI) which measure inflation declined by 0.02 per cent in April, the National Bureau of Statistics, NBS, said on Tuesday.

AGAINST the backdrop of deceleration of inflationary pressures announced by the National Bureau of Statistics, NBS, last week, further insight into price movements in the first quarter of the year has indicated a mixed result.

An Economist, Prof. Uche Uwaleke, has expressed optimism that the Federal Government would meet its target of 15.74 inflation rate as contained in the 2017 budget

Abuja – The National Bureau of Statistics (NBS) on Thursday said that inflation dropped by 0.52 per cent in March, the second decline recorded on the year- on- year basis. The first decline was recorded in February when inflation dropped by 0.94 per cent. In its latest Consumer Price Index (CPI) for March released in […]

National Bureau of Statistics, NBS, yesterday, said the inflation rate year-on-year (YoY) dropped to 17.78 per cent in February from 18.72 in January, the first decline in 15 months, implying slow-down in the rate of increase in prices of goods and services.

The National Bureau of Statistics (NBS) on Tuesday said that inflation dropped by 0.94 per cent in February, the first time in 15 months.

Many households in Kano previously using cooking gas, say they have now resorted to coal stoves due to the hike in the price increase of the commodity.

Nigeria’s inflation rose again in November, driven by higher food, petrol and electricity prices, data showed Thursday, with analysts saying that the upward trend may not be over.

Nigeria’s inflation readings may close first half positive as research reports indicate a moderation to 15.4 per cent in the month of June 2016, down from 15.6 per cent recorded for the preceding month, May 2016.

Nigeria’s inflation rose to 13.7 percent in April from 12.8 percent recorded in March.

The National Bureau of Statistics (NBS) on Tuesday, said the inflation rate in February rose by 11.4 per cent compared to the 9.6 per cent in January.

The marginal increase represents a 0.1 per cent rise from 9.3 per cent recorded in the previous month.

LAGOS— Despite improvements in some key economic indices, unemployment rate has risen further in third quarter (Q3) 2015, making it the fourth consecutive rise in unemployment rate quarterly since Q3, 2014.