The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) wants the government to accelerate the effective implementation of all stimulus packages and interventions funds to support the production processes of the real sector. Amb. Ayoola Olukanni, Director-General, NACCIMA, gave the advice in a statement on Monday in Lagos, in reaction to the […]

By Elizabeth Adegbesan The country’s inflation rate rose by 0.5 per cent point to 14.2 per cent in October from 13.7 percent in September 2020. This represents the 14th consecutive monthly rise in Headline inflation since September 2019 when it stood at 11.24 per cent. Similarly, food inflation rose by 0.72 per cent point in […]

 Dr Aminu Usman, an Economist says inflation may worsen if looting continues and states are forced to shut down, especially Lagos, as a result of effects of the activities of hoodlums in the aftermath of the #EndSARS protests.

British inflation rose to 0.5 per cent in September, official data showed Wednesday, as the UK government ended a meals discount scheme boosting the restaurant sector battered by the coronavirus pandemic. The annual inflation rate, as measured by the UK’s Consumer Prices Index, increased from a near five-year low of 0.2 percent in August. The […]

By Emmanuel Elebeke Nigerian inflation has continued on a rising trend, increasing by 13.71 per cent (year-on-year) in September 2020. A monthly report released by the National Bureau of Statistics, NBS on Thursday said the increase is 0.49 per cent points higher than the (13.22) per cent rate recorded in August 2020. According to the […]

Growth rate in the manufacturing sector is projected to suffer further decline in September and third quarter of 2020 as operators come under a renewed wave of inflation and foreign exchange scarcity.

•Records 7th consecutive month rise •New FX policy to add more pressure from Sept By Babajide Komolafe, Michael Eboh & Elizabeth Adegbesan Nigeria’s inflation has recorded seventh-month consecutive rise to 13.22 percent in August. Headline inflation rate stood at 12.2 percent in February from where it rose steadily every month to 13.22 percent in August. […]

By Elizabeth Adegbesan Nigeria’s inflation has recorded seven months (from February to August) rise to 13.22 percent in August. The headline inflation rate stood at 12.20 percent in February from where it rose by 1.02 percent to 13.22 percent in August. When compared to 12.82 percent recorded in July 2020, inflation rate rose year-on-year (YoY) […]

The United States (US) central bank has shifted policy and now will let inflation rise to allow the economy to produce more jobs for the benefit of all workers, but especially lower-income families, Federal Reserve Chair, Jerome Powell said Thursday. The change means inflation can stay above the 2.0 per cent target “for some time” […]

South Africa’s annual consumer inflation rate climbed to 3.2 per cent in July from 2.2 per cent the previous month, driven mainly by transport, food and housing prices, official statistics showed Wednesday. Prices are starting to pick up as the economy gradually re-opens after months of tight restrictions imposed to limit the spread to coronavirus. […]

By Michael Eboh Professor of Finance and Capital Market in Nasarawa State University, Lafia, Uche Uwaleke, yesterday, expressed concern over rising inflation in Nigeria, engendered by increasing unemployment, high exchange rate and illiquidity in the foreign exchange market among others. In a response to the 12.82 per cent inflation rate for July 2020, announced by […]

…Food inflation up 0.30% By Elizabeth Adegbesan Nigeria’s inflation rate rose year-on-year (YoY) by 0.26 percentage point to 12.82 percent in July this year from 12.56 percent in June. This represents the eleventh consecutive monthly rise in inflation rate since October 2019. Similarly, food inflation rose by 0.3 percentage point to 15.48 percent in July […]

By Emmanuel Elebeke The consumer price index, (CPI) which measures inflation increased by 12.82 per cent (year-on-year) in July 2020. This is 0.26 per cent points higher than the 12.56% rate recorded in the previous month as a result of increases recorded in all Classification of individual consumption by purpose (COICOP) divisions that yielded the […]

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) meeting today is expected to retain its policy rates at current levels following the sharp increase in the inflation rate to 12.56 percent in June.

The National Bureau of Statistics (NBS) says Consumer Price Index, (CPI) which measures inflation increased to 12.56 per cent year-on-year in June 2020. The NBS made this known in its CPI and Inflation Report for June released on Friday. It stated that the report showed that June inflation was 0.16 per cent points higher than […]