Tag: inflation
FG plans supplementary budget over rising inflation
The Federal Government may present a supplementary budget to the National Assembly due to a further depreciation of the naira and galloping ...Highest since 2005! Nigeria’s inflation hits 20.77%
The country’s inflation rate has increased for the eight consecutive month, hitting a fresh 17-year-high amid rising food and energy costs, and ...Nigeria must make clear policy decisions to control inflation, says IMF
Amid rising inflationary pressures, the International Monetary Fund has advised Nigeria and other countries to make clear policy decisions for price stability. ...Good news! FG considers pay rise for workers over inflation
The Federal Government has revealed plans to increase the minimum wage of workers from the current N30,000. The Minister of Labour and ...Inflation slows Nigeria’s GDP growth to 3.54%
Nigerian economy has been hard hit by the high inflationary trend, slowing the Gross Domestic Product growth rate to 3.54 per cent ...Nigeria’s inflation rate hits 19.64%
The consumer price index which measures the rate of change in prices of goods and services, surged to 19.64 per cent in ...Nigeria’s inflation hits 18.6% in June
Nigeria’s inflation rate in the month of June 2022 increased to 18.60 per cent on a year-on-year basis. The National Bureau of ...Debt, inflation, forex killing economy – LCCI
The Lagos Chamber of Commerce and Industry has warned the Federal Government to find urgent solutions to the issues of Nigeria’s growing ...Rising transportation cost, naira depreciation, push inflation to 17.71%
Rising cost of transportation, depreciation of the Naira as well as the ongoing Russia-Ukraine war have been identified as factors pressuring Nigeria’s ...
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