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 […]