Inflation

June 15, (THEWILL) - Nigeria's annual inflation fell for the second straight month in May to 17.93 percent, the statistics office said on Tuesday, countering the impact of rising food prices and a recent currency devaluation. The bureau said the...

BEVERLY HILLS, April 19, (THEWILL) - The upward trend of inflation rate in Nigeria is not a good omen. Nigeria recorded 18.17 percent rise in inflation rate in the month of March 2021 as against 17.33 percent in February...

BEVERLY HILLS, March 16, (THEWILL) - The consumer price index (CPI) for measuring inflation increased by 17.33 percent (year-on-year) in February 2021, depicting a 0.86 percent points higher than the rate recorded in January 2021 (16.47) percent. Food inflation stood at...

BEVERLY HILL, January 15, (THEWILL) - Nigeria’s inflation rate rose to 15.75 per cent in December 2020, hitting the highest level in 32 months, according to data by the National Bureau of Statistics released Friday. This is 0.86 per cent...

SAN FRANCISCO, December 23, (THEWILL) - Bismarck Rewane, Managing Director/Chief Executive Officer, Financial Derivatives Company Limited has predicted that the double-digit inflation in the country will remain and average at 16 percent in 2021. He stated this in a report titled,...

BEVERLY HILLS, December 15, (THEWILL) - Nigeria’s headline inflation has increased for the15th consecutive month to 14.89 per cent in November 2020, from 14.23 per cent in October. The report which was released on Tuesday by the National Bureau of...