Inflation in Nigeria

Why CBN Retained Bencmark Interest Rate At 27.5%

Why CBN Retained Benchmark Interest Rate At 27.5%

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained the monetary policy rate (MPR), the benchmark interest rate in the country, at 27.50 percent. This was announced

Victor Ezeja

2 days ago

Latest Petrol Price Hike Ill-timed - CPPE

Business·Finance & Economy

Nigerians, Businesses Need Reduction In Prices Not Just Inflation Rate – Muda Yusuf

CEO of the Centre for the Promotion of Private Enterprise (CPPE), Dr Muda Yusuf, has stated that what households and businesses in Nigeria need is a drastic reduction in prices not just

Victor Ezeja

3 days ago

Rebasing Nigeria's GDP Inflation and Impact on Economy

Finance & Economy

Rebasing Nigeria’s GDP, Inflation: Any Impact On Economy?

The National Bureau of Statistics (NBS), recently announced plans to rebase Nigeria’s Gross Domestic Product (GDP) and the Consumer Price Index (CPI) used to measure inflation rate in the country. The last

Victor Ezeja

3 weeks ago

What Govt Should Do To Rein In Inflation

Business·Finance & Economy·Latest News

Inflation Hits 28-Year High Of 34.6% On Food, Energy Costs

Nigeria’s headline inflation rate hit 34.60 per cent in November 2024. This indicates an increase of 0.72 per cent points compared to the October 2024 inflation rate which was 33.88 per cent.

Victor Ezeja

2 months ago

Business·Finance & Economy·Latest News

Nigerian Govt Yet To Address Real Drivers Of Inflation – CPPE

The Centre for the Promotion of Private Enterprise (CPPE) has expressed concerns over the surge in inflation rate in Nigeria after dropping for two months despite policy measures to tame it. In

Victor Ezeja

4 months ago

71.4% Of Nigerians Call For Interest Rate Reduction – CBN Survey

Business·Latest News

71% Of Nigerians Seek Interest Rate Reduction – CBN Survey

As worries about inflation and economic hardship mount, at least 71.4% of Nigerians are demanding that interest rates be lowered. The Central Bank of Nigeria (CBN) conducted the Inflation Expectations Survey (IES)

Victor Ezeja

4 months ago

Finance & Economy·Latest News

Expert Highlights 3 Things Nigeria Must Do To Tackle Inflation As Money Supply Hits N107trn

There are concerns that the monetary policies being adopted by the authorities have not been effective in tackling high inflation and high money supply in the economy, hence the need to adopt

Victor Ezeja

5 months ago

Finance & Economy·Latest News

Experts Fault CBN’s Interest Rate Hike

Economic experts have faulted the continuous increase of the Monetary Policy rate (MPR) also known as benchmark interest rate, by the Central Bank of Nigeria (CBN), saying it won’t solve the problem

Victor Ezeja

5 months ago

Finance & Economy·Latest News

CBN Further Raises Benchmark Interest Rate To 27.25%

The Central Bank of Nigeria (CBN) has further increased Monetary Policy Rate (MPR), also known as the benchmark interest rate by 50 basis points to 27.25 per cent. Prime Business Africa reports

Victor Ezeja

5 months ago

FEATURES·Finance & Economy

10 States With Lowest Cost Of Living In Nigeria

As Nigeria battles inflationary pressure on the economy and the impact on cost of living, there are states that have relatively lower cost of living than others. Inflation, which is the persistent

Victor Ezeja

5 months ago

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Why CBN Retained Benchmark Interest Rate At 27.5%

Nigerians, Businesses Need Reduction In Prices Not Just Inflation Rate – Muda Yusuf

Rebasing Nigeria’s GDP, Inflation: Any Impact On Economy?

Inflation Hits 28-Year High Of 34.6% On Food, Energy Costs

Nigerian Govt Yet To Address Real Drivers Of Inflation – CPPE

71% Of Nigerians Seek Interest Rate Reduction – CBN Survey

Expert Highlights 3 Things Nigeria Must Do To Tackle Inflation As Money Supply Hits N107trn

Experts Fault CBN’s Interest Rate Hike

CBN Further Raises Benchmark Interest Rate To 27.25%

10 States With Lowest Cost Of Living In Nigeria

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