•Foodstuffs Amid the Workers’ Day Celebration across the country, New Nigerian Peoples Party (NNPP) has lamented rising inflation in the economy and its negative effects on the masses, and workers as well. The National Publicity Secretary of the party, Ladipo Johnson, yesterday said that the situation “was a worrisome matter and a great concer...
Despite widely reported Naira’s rebound, Nigeria’s inflation rate jumped to 33.20% in March 2024 compared to February 2024 headline inflation rate which was 31.70%. This was according to the National Bureau of Statistics (NBS)’s Consumer Price Index (CPI) report released today. “Looking at the movement, the March 2024 headline inflation rate s...
•Aliko Dangote Africa’s richest man Aliko Dangote says Nigerians should expect a drop in inflation given the reduction of diesel pump prices. He stated this yesterday during a chat with journalists after he paid Eid-el-Fitr homage to President Bola Tinubu at his Lagos residence. “I believe that we are on the right track. I believe […]...
The World Bank, yesterday, said that Nigeria’s inflation rate will remain high at 24.8 percent year-on-year, YoY, in 2024. The World Bank’s projection, however, is lower than February 2024 inflation, which stood at 31.7 percent. The World Bank also reaffirmed its projection of 3.3 percent economic growth for the country in 2024 and reduced its...
•Kerosene queue Poor Nigerians will have to pay more to get their meals cooked, as the rise in inflation rate to 31.70 per cent in February, has led to an equal increase in price of Household Kerosene (HHK), to N1,340 per litre. Data from a newly released report, ‘National Household Kerosene Price Watch’ for February […]
•A Lagos market The inflation rate has moved to 31.70 per cent in February, according to the latest data by the National Bureau of Statistics (NBS). The Bureau released the figure today, with the latest data showing a rise from the 29.90 per cent recorded in January 2024. According to the ‘Consumer Price Index and […]
•Buhari and Tinubu The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has blamed the current inflation in the country on printing of trillions of naira during the administration of President Muhammadu Buhari “without productivity.” The minister spoke yesterday during an interface with the Senate Committee on Finance, ...
•Meat The National Butchers Association, Oyo State chapter has announced an increase in the price of meat, effective today. This, the association attributed to the high cost of transportation and other rising running costs, reports Nigerian Tribune. Chairman of the association in the state, Mr Wahab Olayiwola made this known during a prayer se...
The high cost of living in the country is not sparing members of the National Youth Service Corps, NYSC, who are currently undergoing the 2024 Batch A, Stream 1 orientation in different camps across the country, as the corps members are complaining about the soaring food prices in the Mammy Markets in those camps. The […]
The National Bureau of Statistics (NBS) said today that the headline inflation rate increased year-on-year (YoY) by 0.98 percentage points to 29.9 per cent in January 2024 from 28.92 per cent in December 2023. The Bureau disclosed this in its Consumer Price Index, CPI, report for January 2024, noting that food inflation also increased to [&hel...