By Reuters | April 15, 2023, at 8:16 a.m. Save More Nigeria Inflation Quickens to 22.04% in March More Reuters FILE PHOTO: People buy and sell vegetables at Mile 12 International Market in Lagos, Nigeria May 13, 2022. REUTERS/Temilade Adelaja LAGOS (Reuters) - Nigeria's annual ...
With Nigeria’s inflation rate hitting a new high of 31.70% in February 2024, up from 29.90% in January, according to theNational Bureau of Statistics, the initiative to slash diesel prices is seen as a timely intervention. Dangote expressed optimism that the next set of inflation figure...
As Africa battles the lingering threat of mpox, a life-saving shipment of vaccines arrives Abuja, Nigeria, hopefully just in time to turn the tide. On December 20, 2024, Nigeria received its first shipment of mpox vaccines, with 11,200 doses arriving in Abuja. This delivery is part of ...
April 30, 2022 FMN Plc Receives Approval for the Acquisition of Majority Stake in Honeywell Flour Mill Plc ALERT: 76.90% of Honeywell's Outstanding Shares Traded on NGX Yesterday Read More >> Nigerian Economy Rising Inflation: Time for FG, State Governments to Adopt Fiscal Discipline - Biodun ...
JUST-IN: Nigeria’s Inflation Rises To 34.80% adminJanuary 15, 2025 The National Bureau of Statistics has reported that Nigeria’s inflation rate rose to 34.80% in ... chat_bubble0 Commentvisibility77 Views Entertainment News Entertainment ...
April 23, 2024 9News Nigeria 0 The exchange rate between the Nigerian Naira and the US Dollar is a critical economic indicator that reflects the health of Nigeria’s economy. Predicting the Read moreTinubunomics: Naira beats odds to make 7.2% gains against the US Dollar at official market ...
The bank, in its Africa Pulse Report April 2023 edition titled “Leveraging resource wealth during the low carbon transition” said the economic growth is expected to accelerate slightly to an average annual rate of 3 per cent in 2024–25. This, it said, translates into growth per capita of...
In Nigeria, economic indicators like inflation, interest rates, and exchange rates hold sway over businesses. Recent data from the National Bureau of Statistics (NBS) paints a picture of a high inflation rate at 28.92% in December 2023, signaling rough waters ahead with rising prices affecting ...
high rate of inflation, unemployment and increase in poverty rates. Currently these challenges seem to be worse due to another level of hardship associated with the decision to remove petroleum subsidy which has a high significant impact on the cost of living especially among the youths. The curre...
The overall implication of this production-distribution debacle created a gap between supply and demand leading to demand-pull inflation in the month of May. The monthly inflation rate increased from 12.34% in the month of April to 13.39% in the month of May showing an increase of 8.5 ...