Last week, thousands marched in the streets of London to protest the soaring cost of living in Britain and demand the government do more. The story was the same in Italy, in Israel, in Australia, in Germany – where workers are on strike, demanding the government ‘Stop the Inflation...
inflation
The decision of the Monetary Policy Committee of the Central Bank of Nigeria (CBN) to raise the benchmark interest rate to 13 per cent was received by some economists on Tuesday with mixed reactions. While some told the News Agency of Nigeria (NAN), in separate interviews in Lagos, that...
The National Bureau of Statistics (NBS) said on Saturday that the nation’s inflation rate increased to 15. 92 per cent in March 2022. According to a report released by NBS in March 2022 the Consumer Price Index (CPI) which measures inflation increased to 15.92 percent on year-on-year. “This is...
Amid speculations that he may be running for President in 2023, Central Bank Governor, Godwin Emefiele on Monday said his focus was on solving macroeconomic challenges, including fighting inflation. Banners of Mr Emefiele as a presidential candidate has flooded parts of the country, suggesting he might be interested in...
The Central Bank of Nigeria (CBN) has projected that the Nigerian economy will grow by 3.24 per cent in 2022, in spite of rising inflationary challenges occasioned by global socio-economic events. Mr Godwin Emefiele, the CBN Governor, made this known on Monday while presenting a communique from the apex...
The Statistician-General of the Federation, Mr Simon Harry, the present fuel crises being experienced across the nation may have adverse effect on inflation rate. Mr. Harry said this on Tuesday in Abuja, at a media conference to announce the January 2022 Consumer Price Index (CPI). Harry said that the...