Tag: Inflation

A vendor picks up a cabbage to sell at the Illaje market, in Bariga, Lagos, on June 29, 2021. – Since the start of the pandemic in 2019, food prices have risen by an average of more than 22%, according to official statistics, and feeding a family properly has become a daily challenge. (Photo by Benson Ibeabuchi / AFP)

Nigeria’s inflation rate hits 24.08% in July – NBS

by Abraham

August 15, 2023

A vendor picks up a cabbage to sell at the Illaje market, in Bariga, Lagos, on June 29, 2021. – ...

Godwin Emefiele, governor of Nigeria’s central bank, .Photographer: Chris J. Ratcliffe/Bloomberg via Getty Images

CBN moves to curb inflation as interest rate jumps to 16.5%

by Abraham

November 23, 2022

Godwin Emefiele, governor of Nigeria’s central bank, .Photographer: Chris J. Ratcliffe/Bloomberg via Getty Images • Presents new naira notes to Buhari ...

Commuters scramble for space in a bus despite the high cost of transportation in Lagos, Nigeria, on April 20, 2021. – Nigeria’s economy was already struggling with a fall in the price of oil, Nigeria’s major export, and a weak local naira currency, before the global pandemic struck.Now Nigeria’s inflation has soared to a four-year high of more than 18 percent in March 2021, with food prices up 22.9 percent, according to the National Bureau of Statistics. (Photo by PIUS UTOMI EKPEI / AFP)

Nigeria’s inflation rises to 21.09%

by Abraham

November 15, 2022

Commuters scramble for space in a bus despite the high cost of transportation in Lagos, Nigeria, on April 20, 2021. ...

Diesel, gas prices compound FX woes, inflation outlook

by Abraham

November 9, 2022

Photo by PIUS UTOMI EKPEI / AFP After weeks of relief, diesel prices appear to be on the rise again, ...

UK inflation jumps to new 40-year high

by AFP

August 17, 2022

British inflation surged to a new 40-year high in July on rising food prices, official data showed Wednesday, adding to ...

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