Elder statesman, Edwin Clark has expressed concern over reports of increasing number of Nigerians, particularly youths relocating to other countries. He told the News Agency of Nigeria (NAN) in Abuja that there was nothing wrong with people travelling or relocating to other countries. According to him, the recent trend...
inflation
The National Bureau of Statistics (NBS), said that prices of selected food items increased in September. This is according to the NBS Selected Food Prices Watch Report for September 2022 released in Abuja on Friday. The report said that the average price of 1kg of Tomato on a year-on-year...
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed says the Federal Government is working on strategic plans to address inflation and ensure decongestion of ports in the country. Ahmed said this when she fielded questions from lawmakers at the presentation of the 2022 budget performance before...
Mr Peter Obi, the Presidential Candidate of the Labour Party, has said that adequate investment in agriculture can help to address food inflation and insecurity in the country. Obi said this in his message on the occasion of 2022 World Food Day 2022 which is celebrated on Oct. 16...
The World Bank says African Government urgently need to restore Macroeconomic stability and protect the poor in a context of slow growth and high inflation. This is contained in a statement obtained from the World Bank website on Tuesday in Abuja by the News Agency of Nigeria (NAN). The...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR) from 14 per cent to 15.5 per cent on Tuesday to tame inflation. The committee had increased the MPR by a total of 250 basis points at its last two...
The Senate on Wednesday at plenary resolved to invite the Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, to educate and inform senators in a closed session on the reasons for the rapid depreciation of the value of the naira. It also mandated the Senate Committee on...
Last week, thousands marched in the streets of London to protest the soaring cost of living in Britain and demand the government do more. The story was the same in Italy, in Israel, in Australia, in Germany – where workers are on strike, demanding the government ‘Stop the Inflation...
The decision of the Monetary Policy Committee of the Central Bank of Nigeria (CBN) to raise the benchmark interest rate to 13 per cent was received by some economists on Tuesday with mixed reactions. While some told the News Agency of Nigeria (NAN), in separate interviews in Lagos, that...
The National Bureau of Statistics (NBS) said on Saturday that the nation’s inflation rate increased to 15. 92 per cent in March 2022. According to a report released by NBS in March 2022 the Consumer Price Index (CPI) which measures inflation increased to 15.92 percent on year-on-year. “This is...
Amid speculations that he may be running for President in 2023, Central Bank Governor, Godwin Emefiele on Monday said his focus was on solving macroeconomic challenges, including fighting inflation. Banners of Mr Emefiele as a presidential candidate has flooded parts of the country, suggesting he might be interested in...
The Central Bank of Nigeria (CBN) has projected that the Nigerian economy will grow by 3.24 per cent in 2022, in spite of rising inflationary challenges occasioned by global socio-economic events. Mr Godwin Emefiele, the CBN Governor, made this known on Monday while presenting a communique from the apex...
The Statistician-General of the Federation, Mr Simon Harry, the present fuel crises being experienced across the nation may have adverse effect on inflation rate. Mr. Harry said this on Tuesday in Abuja, at a media conference to announce the January 2022 Consumer Price Index (CPI). Harry said that the...