Nigeria’s inflation rate rises to 33.95% in May
Nigeria's headline inflation rate rose by 0.26 percentage points to 33.95 percent in May from 33.69 per cent in April.
Govt’ll clampdown on traders inflating commodity prices — FG
“While the FCCPC cannot directly regulate prices, the Commission will utilise its existing legal framework to enforce fair competition and consumer protection provisions.”
Food Crisis: Address factors disrupting supply chain, NECA tells FG
“Of particular concern is the spike in food inflation, which climbed to 40.01 percent in March 2024 from 37.72 percent in February”
Cartoon: ‘Your Excellency, how long will this dance last?’
Cartoon: ‘Your Excellency, how long will this dance last?’
Updated: Nigeria’s inflation rate hits 33.2% in March
According to the National Bureau of Statistics, NBS, data, Nigeria’s inflation rate increased to 33.2% for March 2024. It was 32.7% last month
Don’t worry, we’ll bring inflation down – Tinubu tells Nigerians
“Don’t worry about that. Yes, we know we have the challenge of inflation – it’s okay, we will bring it down. We are reengineering our revenue, it is getting better, and we are taking our sovereignty and respect back around the world – not that we have to go there and hire them to do the job for us, we are doing it ourselves.”
Nigerian Breweries to raise N600bn capital through rights issue
Nigerian Breweries, NB Plc, has concluded arrangement to raise capital through rights issue.
Global warming to raise food prices, inflation – study
Global warming and heatwaves are expected to further increase food prices and overall inflation across the world in future, according to new research from scientists and the European Central Bank.
Cartoon: ‘Fellow Nigerians, let’s go for gari break’
Cartoon: ‘Fellow Nigerians, let’s go for gari break’
Inflation in Nigeria: Beyond the numbers
By Elvis Eromosele I was in Ikotun market weekend shopping for groceries with Madam. While it was coated in romantic garbs: ‘continuation of valentine’, the aim was surreptitiously to see where one’s money was entering in these times. A lady buying tomatoes just ahead of us, priced (haggled) up and down and finally exclaimed: “We […]
Inflation: Suffering becoming unbearable for Nigerians – CAN tells FG
“The suffering in the country is becoming unbearable for ordinary Nigerians. The high cost of foodstuffs, transportation, goods, and services has made life difficult for many Nigerians.”
Why govt must obey court order on fixing prices of goods – Lawyer
“The government must (fix prices of goods). The court has now ordered within seven days. A government that is interested in making sure that the lives of people are better will intervene in this particular process and obey the court judgement…”
Breaking: Fix price of goods within seven days — Court orders FG
“I have had the applicant Femi Falana in a suit no San,FHC/L/CS/869/2023 and I have also discovered that despite the service of the Originating motion on the respondents namely Attorney-General of the Federation and the Price Control Board…”
Inflation: We’ll open national reserves to address rising food costs — FG
“Of course, this meeting is not by itself exhaustive. It is going to continue tomorrow and the day after. Now, some of these will involve unlocking the food that is available in most of the storage facilities around the country.”
CBN will bring inflation down to 21.4% — Cardoso
“Inflationary pressures are expected to decline in 2024 due to the CBN’s inflation-targeting policy, which aims to rein in inflation to 21.4 percent”
Economy: Survival strategies Nigerians adopted in 2023
2023 came with various policies and economic difficulties. Prominent among numerous of them was the Naira redesign project. The deadline for deposits of old N200, N500 and N1,000 notes in readiness to transit to the new designed notes, came with some migraine. The rush to deposit the old naira notes to meet up with the […]
