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Inflation

18 Dec
The outgoing year may go down in history as one of the toughest one for the real estate sector, as the macroeconomic, political and social environments dampened growth, and made the industry to perform below 50 per cent.
11 Dec
The Centre for the Promotion of Private Enterprise (CPPE) has warned that an increase of the customs duty exchange rate from N783 to N952/$ would worsen the already-high inflation rate and increase the cost of production.
4 Dec
The prolonged red macroeconomic indicators may be taking a toll on business performances as output and new orders recorded a second successive monthly decline in November, the latest edition of Stanbic IBTC Bank Purchasing Managers’ Index revealed
27 Nov
Major Asian and European stock markets mostly dropped Monday as investors awaited the release this week of key US inflation data that could provide a guide for the Federal Reserve's plans for interest rates going into the new year.
25 Nov
Despite rising inflation in the country, which as at October was 26.72 per cent, Nigeria’s economy grew by 2.54 per cent in the third quarter of this year. This is higher compared to the 2.51 per cent growth in Q2 and 2.25 per cent in the same period last year.
22 Nov
Comercio Partners, an investment banking firm, has called on investors to diversify their portfolios for protection against the risks of inflation.
20 Nov
• Seeks urgent economic policy review, others Edo State governor, Godwin Obaseki, has decried surge in inflation and the dollarisation of the nation’s economy. Obaseki spoke while delivering a keynote address at the Delta State Executive Retreat 2023, with the theme, ‘Delivering the M.O.R.E Agenda for Advancing Delta: Strategy and Enablers’, held in Asaba, Delta…
17 Nov
The Lagos Chamber of Commerce and Industry (LCCI) has expressed concern over the continued uptick in inflation, noting that it is squeezing consumers’ spending and saving as well as constraining manufacturing productivity. The Director-General, LCCI, Dr Chinyere Almona, regretted that Nigeria’s inflation keeps going up instead of regressing, rising to 27.33 per cent in October…
16 Nov
Nigerian inflation continues to defy global trends, setting a new multi-decade of 27.3 per cent in October even as experts warned that prices, which have been an uptrend in the past two years, will not abate anytime soon.
16 Nov
Nigeria, Africa’s largest economy, is suffering birth pangs. Since its new president, Bola Tinubu, assumed office six months ago, the sweeping multi-sectoral reforms have attracted the praise of the global community...
13 Nov
Ahead of tomorrow’s (Tuesday) release of October 2023 inflation figures by the National Bureau of Statistics (NBS), multinational professional services network, KPMG, has said that headline inflation in Nigeria will reach 30 per cent by December 2023.
9 Nov
Nigeria's alignment with the current economic reality, coupled with rising inflation, slow growth, floating of exchange rate and volatility in global oil prices, may have exposed the fragility of her economic model and affected its global trade standing.

Latest

46 mins ago
To streamline operations and enforce parity across its workforce, the Board of Eko Electricity Distribution Company (Eko Disco) has affirmed recent management changes and its decision to harmonize salaries and conditions of service for all employees. Dispelling rumors of a reversal in the dissolution of the former management under Dr Tinuade Sanda, Mr. Dere Otubu,…
1 hour ago
The Federal Government said the first phase of the Lagos-Calabar highway will be completed within the next three years. This was disclosed on Thursday in a statement by Ben Bem Goong who is the spokesman to the Minister of Works, Engr. David Umahi. Goong made this announcement following Umahi's inspection of the Lagos-Calabar coaster highway…
1 hour ago
Nigeria has been left in darkness as the national electricity grid controlled from Osogbo, Osun State collapsed at about 4:30pm on Thursday. Most distribution companies across the country disclosed that their feeders were out leaving their franchises area across the 36 states in darkness. While the grid output was 2984 megawatts as at 4pm, the…
2 hours ago
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An Ikeja Sexual Offences and Domestic Violence Court on Thursday discharged and acquitted a 23-year-old student, Victory Tasie, charged with defiling his girlfriend.
2 hours ago
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3 hours ago
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3 hours ago
The Lagos State Traffic Management Authority, (LASTMA), says the authority will deploy men and materials during the Easter celebration to manage traffic incidences in the state.
3 hours ago
A Federal High Court, Lagos has ordered the Inspector General of Police (IGP) and seven others to maintain status quo, suspend, and hold all actions pending the hearing and determination of the suits filed against them by a property developer, Gbadebo Aina Odunusi.
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