Nigeria’s Inflation Rate crashes To 24.48 Per Cent
Nigeria’s headline inflation has dropped to 24.48 per cent year on year in January 2025, as against the December 2024 rate of 34.80 per cent. Announcing this at a briefing yesterday, the Statistician-General of the Federation, Adeyemi Adeniran, said the All-Items Index, which is used to measure headline inflation for January 2025, was 110.7, resulting […]
Nigeria’s inflation Rate hits 34.80%
Nigeria’s headline inflation rate jumped to 34.80% in December 2024 from 34.60% in November 2024. In its latest Consumer Price Index report released yesterday, the National Bureau of Statistics said the December 2024 headline inflation rate showed a marginal increase of 0.20% compared to the November 2024 headline inflation rate. It attributed the increase to […]
House of Reps to set up committee for new wage
The House of Representatives has resolved to set up an ad hoc committee to ensure payment of a living wage to all workers in the country. Presenting the motion, Rep. Aliyu Madaki (NNPP-Kano State) said that the rising rate of inflation in the country had made it difficult for an average Nigerian to afford basic […]
CBN raises interest rate to 22.75% in a bid to curb inflation
The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has increased the benchmark interest rate by 400 basis points to a record 22.75% from 18.75 percent. Addressing journalists at the end of the two-day first MPC meeting of the year in Abuja, CBN Governor, Olayemi Cardoso, disclosed that the committee voted to adjust […]
CBN Governor promises Nigeria’s inflation rate will drop in 2024
The Senate Committee on Banking, Insurance, and Other Financial Institutions has postponed its interactive session with the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso till Friday 9th at 9 am. This was announced by the Chairman of the Committee, Senator Adetokunbo Abiru (APC, Lagos East) on Tuesday at the committee meeting, stating […]
