Battling food insecurity amid mounting inflation
The World Bank, in its latest food security update, said seven countries, including Nigeria, Afghanistan, Burkina Faso, Haiti, Somalia, South Sudan and Yemen are experiencing […]
inflation
World Bank: global food price inflation remains high
The World Bank says inflation in food prices remains high globally, according to its latest Food Security Update report released yesterday. “Information from the latest […]
Inflation rate hit 22.04% in March -NBS
The National Bureau of Statistics says Nigeria’s headline inflation rate increased to 22.04 per cent on a year-on-year basis in March 2023. This is according […]
LCCI: inflation heightens poverty, hurt production
The Lagos Chamber of Commerce & Commerce (LCCI) has lamented the sustained upward trend in the price level, its significance and impacts on household and […]
Bauchi, Ondo, Anambra top states with highest inflation rates
The National Bureau of Statistics (NBS) has said inflation rate was highest in Bauchi State with 24.79 per cent. According to a document obtained at […]
How to stem rising inflation, by experts
Experts from the private and public sectors yesterday identified fiscal and monetary policy alignment, improved infrastructure, widening the tax net and reducing the high cost […]
Inflation eases to 21.34% in December 2022
The inflation rate eased by 0.13% in December 2022 from 21.47% in November 2022 to 21.34% in December 2022. It was the first time that […]
Inflation rises further to new high
Nigerians are to remain for more time under the pressure of soaring prices and declining household savings as monetary and fiscal dislocations have continued to […]
ILO seeks policies to tackle inflation
The International Labour Organisation (ILO) is seeking measures to prevent rising inflation In a report, it stated that a severe inflationary crisis combined with a […]
Rising inflation drives consumption expenditure to N57tn
Rising inflation drove Nigerians’ consumption expenditure to N57.08tn in the first half of 2022. This is a 14.39 per cent increase from the N49.89tn that […]