Nigeria Inflation

May 16,(THEWILL) - The Presidency on Tuesday, said President Muhammadu Buhari has consistently prioritised efforts to control inflation in Nigeria. Faulting report by The Guardian that the outgoing administration of President Buhari has left Nigeria's inflation rate at highest in...

April 15, (THEWILL) - Nigeria’s annual inflation rate rose for the third straight month to 22.04 percent in March, from 21.91 percent in the previous month, the National Bureau of Statistics (NBS), said on Saturday. The NBS said the March...

April 15, (THEWILL) – Nigeria’s annual inflation rate rose for the third straight month to 22.04 per cent in March from 21.91 per cent in the previous month, the National Bureau of Statistics (NBS) said Saturday. The statistics office...

March 15, (THEWILL) - Nigeria’s inflation rate inched further north hitting 21.91percent in February 2023 against 21.81 percent earlier in January, the National Bureau of Statistics (NBS) said Wednesday. This represents an increase of 0.09 points when compared...

Inflation in Nigeria The inflation rate for consumer prices in Nigeria moved over the past 62 years between -3.7 per cent and 72.8 per cent. During the observation period from 1960 to 2022, the average inflation rate was 16.1 per...

December 15, (THEWILL) – Nigeria’s inflation rate increased to 21.47% in November 2022, from the 21.09% it recorded in October, the National Bureau of Statistics, reported on Thursday. This is a 6.07 percent increase compared to November 2021’s 15.40...

November 08, (THEWILL) - In my elementary study of economics in secondary school, l learnt that during the global recession of 1933, inflation was so high that in then west Germany, if someone bought a cup of tea in...

October 12, (THEWILL) – In what looks like a double-barrel pessimistic outlook, foremost advisory firm, Financial Derivatives Company (FDC) Limited, has projected that Nigeria’s headline inflation will rise further to 20.9 percent in September 2022 from 20.52 per cent...

September 27, (THEWILL) – The Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR), also known as the interest rate, from 14% to 15.5%, as a way of tackling inflation. This was disclosed on Tuesday, by the...

June 15, (THEWILL) – Nigeria’s inflation rate rose to its highest level in 11 months, rising from 16.82% recorded in April 2022 to 17.71%. This is according to the recently released Consumer Price Index report, released by the National Bureau...