Recession exit still on papers as Nigerian employers’ yet to find bearing—NECA
More than six months after the Nigerian economy was pronounced as having exited recession, the leadership of the Nigeria Employers’ Consultative Association (NECA) has picked holes on the exit claims. This was made public Mr. Larry Ettah, the immediate past…
Economic recovery deepens as Nigeria’s headline CPI sustains downward trend
Latest figures churned out from the National Bureau of Statistics (NBS) on April 2018 inflation report, have indicated continuous recovery of the economy from recession as headline consumer price index (CPI) dropped to 12.48 per cent. Having started since 2017,…
Nigeria’s inflation continues in its creeping drop, stood at 15.13 % in January
The National Bureau of Statistics (NBS) has released data on Nigeria’s inflationary trend for the month of January, saying the Consumer Price Index (CPI) has further dropped to 15.13 per cent in January from 15.37 per cent recorded in December,…
Inflation rate continues on Snail speed, drops to 16.05% in June—-NBS
Latest data released on Monday, by the Statistician General for the Federation and Chief Executive of National Bureau of Statistics (NBS), Dr. Yemi Kale, has shown that national inflation rate dropped from 16.1 per cent in June to 16.05 per…
Continued drop in inflation rate sign of economic recovery from recession
Economic pundits have started seeing the month-on-month drop in Nigeria’s inflation rate which receded to 16.1 per cent as early signs of recovery from recession. Experts who spoke to Business Hilights on Monday shortly after the release of the nation’s…
Recession receding as inflation rate drops from 17.24% to 16.25%
Stronger indications of readiness to exit recession emerged on Thursday as the National Bureau of Statistics (NBS) released the Consumer Price Index (CPI) which measures inflation showing sustained dropping trend from 17.24 per cent in April to 16.25 per cent…
