Naira Crash and Inflation Deepen Nigeria’s Food Crisis
Nigeria’s worsening food crisis is fueled by naira devaluation, rising insecurity, and surging inflation, according to Afreximbank’s report, Food Imports ...
Tag: Inflation
Local Rice Prices in Nigeria Soar by 137% Amid Rising Food Inflation
The cost of local rice in Nigeria surged by 137.32% in October 2024 compared to the same period in 2023, ...
JUST IN: Nigeria’s inflation rate rises to 33.88% in October 2024
Nigeria’s inflation rate rose to 33.88 per cent in October from the 32.70 per cent recorded in September largely due ...
Nigeria Faces Rising Inflation and Oil Output Decline as Key Reports Loom
As global inflation begins to cool in most major economies, Nigeria's inflation continues to remain high. Both Nigeria and the ...
Rising Poverty in Nigeria as Stagnant Incomes Pushes 14 Million More Nigerians into Hardship
A new World Bank report reveals a bleak economic reality for Nigeria, with 14 million more Nigerians pushed into poverty ...
Nigeria’s inflation rate rises to 32.70%
The National Bureau of Statistics (NBS) Consumer Price Index (CPI) report has shown that Nigeria’s headline inflation rate in September ...
CBN’s Yemi Cardoso: Painful Interest Rate Hike Key to Curbing Inflation
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, acknowledged the challenges posed by the recent increase in ...
Nigeria Govt to Implement Tax Breaks for Companies Hiring More Staff and Import Duty Suspensions to Tackle Inflation
The Federal Government of Nigeria, through the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has ...
Central Bank of Nigeria to Tackle Inflation, Exchange Rate Challenges in 2024
In a presentation to the National Assembly joint committee on Banking, Insurance, and Financial Institutions, Olayemi Cardoso, the Governor of ...
How Startups and MSMEs Can Deal With Rising Costs Amid Economic Instability
Small businesses and startups are struggling with increased expenses caused by inflation and supply chain problems. To deal with these ...
