Nigeria Inflation

July 24, (THEWILL) - Former Minister of Budget and National Planning, Senator Udoma Udo Udoma, has advocated a private sector-driven economy in Nigeria, saying that it provides most of the investment required to grow the economy and create...

Once again, we are back to this conversation about the conditional cash transfer scheme. If you have been engaged in a bit of social listening since the announcement of a proposed payment of N8,000 to the most vulnerable in...

The Nigerian Naira closed at N770.17/$ at the official window on Friday against N763.17 the previous day, marking a value-shedding of N7 or 10 percent. The parallel market closed at N770/US, consolidating on the exchange rates convergence that was...

The number of estimated billing customers held by Nigeria’s electricity distribution companies (DisCos) has continued to be on the increase, with the 11 DisCos having a total of 5.95 million in Q1 2023. This is 1.99 percent higher than...

June 16, (THEWILL) - The Naira witnessed the biggest slump in many years as it crashed severely at the I&E window Thursday to record N702.19/US$1. This reflects a depreciation of 5.4 percent compared to the N664/US$1 recorded on Wednesday, June...

June 15, (THEWILL) - Nigeria’s inflation rate climbed to 22.41% in May 2023, marking a new 17-year high, on accelerated price of food amid lingering insecurity across the country. The National Bureau of Statistics (NBS) monthly inflation rate published Thursday...

June 01, (THEWILL) - The Central Bank of Nigeria (CBN) has debunked reports that it has devalued the Naira. A news outlet has reported that the CBN had devalued the naira to N631 to the dollar from N461.6, adding that...

As Nigeria’s inflation rate maintains an upward trend, hitting 22.2 percent in April, the National Bureau of Statistics (NBS) says prices of basic energy sources – cooking gas and kerosene - also increased during the period. The average price...

May 21, (THEWILL) - Telecom group, MTN, has said it plans to increase prices in selected markets due to the elevated inflation in the operating environment. This disclosure was made in its 2023 first quarter report filed on the Johannesburg...

May 17, (THEWILL) - President Muhammadu Buhari has written to the House of Representatives, seeking approval for an additional $800 million loan for the National Social Safety Net Programme (NASSP) from the World Bank. The letter titled, "REQUEST FOR APPROVAL...