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Farooq

Posts Tagged "inflation"

HomePosts Tagged "inflation"

LAGOS, Nov 15 (Reuters) – Annual inflation in Nigeria slowed for the ninth month in a row in October, easing to 15.91 percent, the National Bureau of Statistics (NBS) said on Wednesday in a report. A separate food price index showed inflation at 20.31 percent in October, compared with 20.32 percent in September. “The rise […]

  • CBN

(Bloomberg) — Nigeria’s central bank left its key interest rate at a record high to fight inflation and buttress its currency even as the economy recovers from the biggest slump in 25 years. The Monetary Policy Committee held the key policy rate at 14 percent, Central Bank of Nigeria Governor Godwin Emefiele told reporters on […]

  • CBN

Now that Nigeria’s economy is recovering from its worst slump in 25 years, the central bank can turn its focus to fighting inflation again — and shoring up its currency. The Monetary Policy Committee has kept its interest rate at a record-high 14 percent since July 2016, trying to support the economy, and will probably hold it […]

LAGOS, Sept 15 (Reuters) – Annual inflation in Nigeria slowed for a seventh month in August, easing to 16.01 percent, the National Bureau of Statistics (NBS) said on Friday. The rate of annual inflation was 0.04 percent lower than in July. “The highest increases were recorded in clothing materials and articles of clothing, garments, passenger […]

Nigeria’s journey out of recession is on course although at snail speed. This hope has been boosted by the further drop in inflation rate, fifth in a row, as at June 30, 2017. The year, which opened at 18.72 per cent inflation rate, contracted to 16.10 per cent by the ending of last month.The slow […]

LAGOS, June 15 (Reuters) – Annual inflation in Nigeria eased for the fourth straight month in May, falling to 16.25 percent from 17.24 percent in April, the National Bureau of Statistics said in a report published on Thursday. A separate food price index showed inflation at 19.27 percent, down from 19.30 percent in April. “The […]

By Chijioke Ohuocha and Alexis Akwagyiram LAGOS, April 12 (Reuters) – Annual inflation in Nigeria fell for a second straight month in March, showing the early effects of central bank intervention on the currency market to meet demand for dollars, the statistics office said on Thursday. Inflation declined to 17.26 percent in March, the National […]

The National Bureau of Statistics (NBS), says Consumer Price Index (CPI), which measures inflation increased by 18.72 per cent (year-on-year) in January from 18.55 per cent recorded in December, 2016. The CPI, which measures the average change over time in prices of goods and services consumed by people for day to-day living is 0.17 per […]

Obinna Chima The Financial Derivatives Company Limited (FDC) has estimated a relatively flat movement in the January headline inflation rate to 18.6 per cent, from 18.55 per cent recorded in December. The National Bureau of Statistics is expected to release January inflation figures tomorrow, according to its data release calendar. Prices have generally either declined […]

ABUJA Jan 13 (Reuters) – Annual inflation in Nigeria rose in December to 18.55 percent, the National Bureau of Statistics said on Friday, its highest in more than 11 years and the eleventh straight monthly rise. The rise from 18.48 percent in November was driven by surges in housing, water and electricity, while a separate […]