Why we must #StopTheSoot fast and a note on inflation
You may not have heard, but there is an ongoing environmental disaster in Port-Harcourt. I’m not talking about the typical oil-bunkering related spills but something that is a lot more serious.
Nigeria’s inflation rate dropped to 13.34% in March, says NBS
Nigeria’s inflation rate measured by the Consumer Price Index (CPI) dropped from 14.33 in February to 13.34 per cent in March year-on-year, the National Bureau of Statistics (NBS) disclosed in its CPI report for March.
Nigeria's inflation slows to two-year low
Nigerian inflation slowed for a 14th straight month in March, taking consumer-price growth below the benchmark interest rate for the first time in two years and opening the door for a rate cut. Consumer inflation in Africa’s most-populous nation decelerated to 13.3 percent from a year earlier, the lowest rate in two years and below…
Experts hopeful inflation rate drops to single digit midyear
A report by FSDH Research team has predicted inflation rate to drop to single digit in July 2018, provided there is no adjustment to the price of Premium Motor Spirit (PMS) and electricity tariff, while government resolves to stop the rising crises in some parts of the country quickly. Besides, the team expects the inflation…
Nigeria inflation slowed for 12th month in January
Annual inflation in Nigeria slowed for the 12th month in a row in January to 15.13 percent, compared with 15.37 percent in December, the National Bureau of Statistics (NBS) said on Wednesday. A separate food price index showed inflation at 18.92 percent in January, compared with 19.42 percent in December. ”The rise in the food…
Nigeria’s inflation further drops to 15.98 per cent in September
The National Bureau of Statistics (NBS) says inflation rate measured by the Consumer Price Index (CPI) has further declined to 15.98 per cent in September from 16.01 per cent in August.
US Fed official sees gradual rate hikes even amid low inflation
The US central bank can continue to raise interest rates gradually, despite persistent low inflation that could suggest a fundamental change in the economy, a top Federal Reserve official said Thursday.
Nigeria may hold rates even as inflation slow down
A weak naira and stubborn inflation may prevent Nigeria’s central bank from following South Africa and Ghana in cutting interest rates.
British inflation slows to 2.6%
Britain's annual inflation rate surprisingly slowed to 2.6 percent in June, mainly owing to a drop in motel fuel prices, official data showed Tuesday.