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,…
Lead business fronts that shaped Nigerian economy last week ending May 19, 2018
The week in review kicked off with the release by the National Bureau of Statistics (NBS) of Nigeria’s headline consumer price index which recorded its fifteenth consecutive deceleration, moderating to 12.48% y/y (compared to 13.34% in April 2018). On a…
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…
