Nigeria’s Inflation Rises To 24.23% In March
Nigeria’s headline inflation rose to 24.23 per cent last month, up from 23.18 per cent recorded in February. According to the latest data released by the National Bureau of Statistics, the figure represents a 1.05 percentage point increase. The NBS noted that the major drivers of the inflation rate were food and non-alcoholic beverages, which […]
AfDB warns rising Cost Of Living may lead to Social Unrest, as Nigeria’s Inflation Climbs to 29.9%
The African Development Bank has raised an alarm that RISING PRICES of fuel and other commodities could lead to SOCIAL UNREST in Nigeria, Ethiopia, Angola and Kenya. The bank sounded the warning in its macroeconomic performance and outlook for 2024, in which it projected Africa’s economy to grow higher than the 3.2 per cent recorded in 2023, but projected that growth will […]
CBN Governor promises Nigeria’s inflation rate will drop in 2024
The CBN Governor, Yemi Cardoso, says Nigeria’s inflationary pressure will drop from 28.92 per cent to 21.4 per cent in 2024. Speaking during his addressed to the House of Representatives, Cardoso said the projected decline in the country’s inflationary is due to inflation-targeting policies of the Federal Government, and improvement in agricultural productivity as well […]