Inflation is gradually easing and foreign reserves improved as the Central Bank of Nigeria (CBN) said Nigeria’s foreign reserves rose to $39.12 billion as of 11th Oct 2024, a 12.74 …
Nigeria inflation
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The naira has already depreciated 43 percent year to date, according to the World Bank, ranking among the worst performing currencies in Sub-Saharan Africa
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Atiku Abubakar criticizes President Tinubu over his handling of the fuel subsidy crisis, attributing Nigeria’s worsening economic conditions to government mismanagement.
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Nigeria’s inflation remains high at 34.19%, with the CBN contemplating another interest rate hike as food inflation and economic pressures persist.
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Nigeria’s inflation reaches 34.19% in June 2024, fueled by surging food prices. The NBS report highlights economic challenges.
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Tomato prices in Nigeria remain high due to seasonal factors, inflation, and security issues, affecting consumers and farmers alike.
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Despite the Naira’s recent appreciation, prices in Nigeria continue to rise, defying expectations. Economists predict a slow transition to lower market prices.
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In a striking bid to curb inflation, Nigeria’s CBN aggressively increases the MPR and CRR, igniting debates on economic impacts and future stability.
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In a recent report, the National Bureau of Statistics (NBS) disclosed that Nigeria’s inflation rate surged to 25.80% in August 2023, marking a 1.72% increase from the previous month’s figure …
