Inflation
Central Bank Governor Attributes Galloping Food Inflation to Government Palliatives
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has pointed to government purchases of foodstuffs as palliatives as a significant factor contributing to the rapid rise in food inflation within the country.
During the March Monetary Policy … Continue Reading
Inflation in Nigeria Surges to 31.70% record high in February 2024
Inflation continue to plague Nigeria as the latest data from the National Bureau of Statistics (NBS) reveals a disconcerting upward trend. The headline inflation rate surged to 31.70% in February 2024, marking a notable increase from January 2024’s rate of … Continue Reading
Minister of Finance Attributes Rising Inflation to N22.7 Trillion Printing by CBN
The Minister of Finance, Olawale Edun, has attributed the current economic challenges facing Nigeria, including rising inflation and economic hardship, to the printing of N22.7 trillion by the Central Bank of Nigeria (CBN) under the government of former President … Continue Reading