Like CBN, BoG ends MPC meeting retaining all rates over inflationary fears
The impacts of negative inflationary trends bugging key economies in West Africa due to certain policy decisions so far taken have forced Nigeria and Ghana monetary policy makers to maintained rates status-quo in their meetings this week. Otherwise, for fear…
Nigeria’s inflation drops to 11.61% in May, meaning successive fall in 16 months
The National Bureau of Statistics (NBS) on Wednesday, released figures for May 2018 inflation report, showing that Nigeria’s headline consumer price index extended deceleration (which started in 2017) to the sixteenth consecutive month. Headline inflation was 11.61% y/y in May,…
Inflation now on steady month-on-month decline, drops to 15.91% – NBS
No doubt, Nigerian economy is gradually recovering from shocks it suffered in 2016. On Wednesday, the National Bureau of Statistics (NBS), unveiled the Consumer Price Index (CPI) showing that inflation rate dropped further in October to15.91 per cent. CPI measures…
Respite underway as inflation makes back-to-back decline by 0.52 % in March
Technical recovery of the Nigerian economy seems insight as the National Bureau of Statistics (NBS), on Thursday, said inflation dropped by 0.52 percent in March, the second decline recorded on the year- on- year calculation. Initial decline was recorded in…
Inflation rate at 18.72% smacks FG’s 11 reasons to believe recovery from recession
Less than three days after the federal government rolled out what it described as 11 reasons to show that recession is fading away, the National Bureau of Statistics (NBS) in its Consumer Price Index (CPI) report released on Wednesday in…
