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NIGERIA'S INFLATION
The latest episode of Drinks and Mics was a Live session featuring host Ugodre, Arnold Dublin-Green, Tunji Andrews,...
The Naira started Friday's session at N1,580/$ per dollar in the parallel market, down from N1,590/$ on Thursday, despite the bullish dollar index in the global financial market.
Agusto & Co, a leading credit rating agency, warns that Nigeria's inflation, which recently saw a slight moderation, is at risk of persisting due to several upcoming fiscal measures.
Nigeria’s headline inflation rate decreased to 33.40% in July 2024, down from 34.19% in June 2024. This marks the first decline in the headline inflation rate since December 2022, when it last dropped to 21.34%.
PwC has projected a marginal decline in Nigeria’s inflation to 29.5% by the end of this year.
The World Bank has stated that monetary policy tightening by the Central Bank of Nigeria (CBN) may not rein in inflation as anticipated by analysts.
CBN Governor underscored the nuanced nature of combating inflation, emphasizing that there is no “magic wand" solution.
The International Monetary Fund (IMF) has projected Nigeria’s inflation rate to drop to 26.3% in 2024 as it upgrades the country’s economic growth projection for the year to 3.3%.
Niger State Governor, Umar Bago, has clarified the state's position on the mass purchase of food items from local markets, says no ban on interstate food movements
KPMG Nigeria's Chief Economist, Dr Yemi Kale, has projected that Nigeria's inflation would rise to 30% in June 2023.
Nigeria’s food inflation rate surged to 21.79% in February 2021, which is the highest rate recorded in Nigeria since October 2005.
The latest report from the National Bureau of Statistics (NBS) shows that inflation rose again to 11.81% in November 2019.