High cost of plastic plates: Gatecrashers’re now served in cellophane bags at ‘owambes’
Two sets of people are always present in a typical Nigerian party, known in local Yoruba parlance as owambe.
Headline inflation rises to18% in March – NBS
…As food inflation soars By Elizabeth Adegbesan Headline inflation rose to 18 percent in March representing 0.82 percent points year-on-year (YoY) rise when compared to 17 percent recorded in February. Similarly, food inflation rose YoY by 5.0 percent points to 23 percent in March from 22 percent in February. The National Bureau of Statistics, NBS, […]
Why February inflation rate was inevitable – Experts
Financial experts on Tuesday said the February inflation figure of 17.33 per cent was inevitable due to drop in agriculture production and price hikes in electricity and petroleum. They spoke with the News Agency of Nigeria (NAN) in Lagos, in reaction to the February inflation figure released by the National Bureau of Statistics (NBS). Professor […]
Food prices push inflation to 17.33%
By Emmanuel Elebeke The National Bureau of Statistics, NBS, says the consumer price index (CPI) which measures inflation increased by 17.33 per cent (year-on-year) in February 2021. The rise is 0.86 per cent points higher than the rate recorded in January 2021 (16.47) per cent. In its monthly report released on its website, the bureau […]
Rising inflation compounds manufacturing downturn – MAN DG
The Manufacturers Association of Nigeria (MAN) has described the January 2021 inflation rate of 16.47 per cent as a threat to the envisaged manufacturing and industrial sectors recovery and the growth. Mr Segun Ajayi-Kadir, Director-General, MAN, made the assertion in an interview with the News Agency of Nigeria (NAN) on Tuesday in Lagos. NAN reports […]
Updated: Headline inflation rises to 16.5% in January
Headline inflation rose by 0.71 per cent to stand at 16.5 per cent in January from 15.8 per cent in December 2020.
