Nigeria Inflation News – Page 2 of 8

Inflation: Nigerian Money Supply Hits N99trn, Sparks Economic Worries

Nigerian Money Supply Reaches Record High In May 2024, Nigeria’s money supply (M3) hit an unprecedented high of N99.23 trillion, raising concerns about the naira’s stability and ongoing inflation. According to the

Emmanuel Ochayi

5 months ago

Nigerians Spend N16.5trn On Diesel, Petrol, Generators For Self-Generated Power In 2023- Report

Business·Latest News

Nigerians Spend N16.5trn On Diesel, Petrol, Generators For Self-Generated Power- Report

Informal Power Spending Soars In 2023 alone, Nigerians spent N16.5 trillion on diesel, petrol, and generators to meet their electricity needs. This figure dwarfs the N1 trillion revenue generated by the formal

Emmanuel Ochayi

5 months ago

High Food, Drug Costs, Push Nigerians Into Healthcare Dilemma

Business·Latest News

Nigerians Demand Answers As Prices Of Garri, Rice, Beans Rise By Over 30%

Food Prices Surge Amid Economic Challenges The National Bureau of Statistics (NBS) has reported an increase in the prices of essential food items in Nigeria, for May. The price hikes have worsened

Emmanuel Ochayi

5 months ago

Nigeria's Food Crisis: Corruption, Mismanagement To Blame?

Business·Latest News

Nigeria’s Inflation Crisis: Economy On The Brink Of Collapse?

High Inflation Strains Nigerian Wallets In May 2024, Nigeria’s inflation rate surged to a 28-year high of 33.95%, driven by soaring food prices. The National Bureau of Statistics (NBS) reported that food

Emmanuel Ochayi

5 months ago

Business·Latest News

Food Inflation In Nigeria Hits 40.66%, Deepening Economic Woes

Food inflation in Nigeria has surged to 40.66% in May, 2024, making it increasingly difficult for Nigerians to afford basic meals. Prime Business Africa reports a notable rise in food prices, indicating

Emmanuel Ochayi

5 months ago

Petrol Landing Cost Price Now At N1,117/litre, MEMAN Reveals

Business·Latest News·Oil & Gas

Petrol Importation Cost Rise By 31.4% Amid Reduced Consumption In Nigeria

Nigeria’s spending on petrol importation has increased, despite a substantial drop in the country’s consumption rate. Reports from the Nigeria Bureau of Statistics (NBS) reveal that N2.63 trillion was spent on importing

Emmanuel Ochayi

5 months ago

5 Ways To Manage Your Finances Amid Soaring Prices

Business·Latest News

5 Ways To Manage Your Finances Amid Rise Of Prices

As the Nigerian economy continues to struggle with rising prices, experts suggest making a plan and sticking to 5 ways to manage your finances. “What are these prices?” Victoria Adeoye exclaimed, holding

Emmanuel Ochayi

5 months ago

Business·Latest News

Sallah: Ram Sellers Lament Low Patronage, Blame Economic Challenges

As the Sallah celebrations approach, ram sellers across Nigeria are facing a challenging situation. The combination of economic difficulties, insecurity, and high transportation costs has resulted in low patronage, causing concern among

Emmanuel Ochayi

6 months ago

Intra-Africa Trade: Nigeria Ranks Fourth, Follows South Africa, Cote d’Ivoire, Egypt

Business·Latest News

Nigerian Govt To Suspend Import Duties On Food Items, Pharmaceutical, Others For 6 Months To Tackle Inflation

The Federal Government of Nigeria is set to implement a significant economic measure aimed at curbing inflation by suspending import duties on essential items for a period of six months. This decision,

Emmanuel Ochayi

6 months ago

Business·Latest News

Food Imports Hit N3trn Over Insecurity, Others – CBN

The Central Bank of Nigeria (CBN) has disbursed a substantial $2.13 billion in 2023 for food imports, highlighting persistent challenges in the country’s agricultural sector despite efforts to boost local production. According

Emmanuel Ochayi

6 months ago

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Nigeria Inflation News - Page 2

Inflation: Nigerian Money Supply Hits N99trn, Sparks Economic Worries

Nigerians Spend N16.5trn On Diesel, Petrol, Generators For Self-Generated Power- Report

Nigerians Demand Answers As Prices Of Garri, Rice, Beans Rise By Over 30%

Nigeria’s Inflation Crisis: Economy On The Brink Of Collapse?

Food Inflation In Nigeria Hits 40.66%, Deepening Economic Woes

Petrol Importation Cost Rise By 31.4% Amid Reduced Consumption In Nigeria

5 Ways To Manage Your Finances Amid Rise Of Prices

Sallah: Ram Sellers Lament Low Patronage, Blame Economic Challenges

Nigerian Govt To Suspend Import Duties On Food Items, Pharmaceutical, Others For 6 Months To Tackle Inflation

Food Imports Hit N3trn Over Insecurity, Others – CBN

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