Nigeria’s inflation rate soars for 5th consecutive month to 22.41% in May 2023
By Onome Amuge Nigeria’s inflation rate rose for the fifth straight month in the year to 22.41 per cent in May 2023,representing an
CBN raise interest rate to 18.5% on rising inflation
By Business A.M. The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR) by
UK inflation falls to 8.7% in April
By Luther Animashaun The Office for National Statistics (ONS) has announced that the Consumer Prices Index (CPI) of the United
Inflation, currency depreciation unsettle SSA policy makers, says IMF
By Onome Amuge The International Monetary Fund (IMF), says policy makers in sub-Saharan Africa have been weighed by difficult choices
Buhari leaves on a ‘high’ as inflation, 9% in May 2015, prints 22% in March 2023
By Onome Amuge President Muhammadu Buhari took over as head of government of Nigeria with inflation at 9.01 percent, but with the
CBN raise interest rate to 18% to tame rising inflation
By Onome Amuge The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has in its March 2023 meeting, raised the
Nigeria sees inflation hit 17-year high at 21.91% in February 2023
By Onome Amuge Nigeria’s inflation rate rose for the second consecutive month in the year to a new 17-year high of 21.91 per cent
UK inflation falls for second consecutive month to hit 10.5%
By Rosemary Iwuala The United Kingdom’s inflation rate declined for the second consecutive month in December 2022 to 10.5 percent, but
Nigeria’s inflation drops to 21.34% in December
By Onome Amuge Nigeria’s inflation rate fell for the first time in 11 months to 21.34 per cent , a significant decrease of 0.13 per
Analysts call on CBN to tweak strategy as inflation defies MPC
BY ONOME AMUGE Nigeria, Africa’s largest economy, has been bedevilled by a worrisome rate of consumer price index, a measure