How CBN rate hikes fail to tackle inflation
After six consecutive rate hikes in almost a year by the Central Bank of Nigeria (CBN), inflation in Africa’s most populous nation has continued to accelerate.
The apex bank hiked the…
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living crisis
Nigeria’s March inflation beats analysts’ expectations
Nigeria’s headline inflation rose for the third straight month in March, largely driven by higher food and non-alcoholic beverages costs.
According to data released by the National Bureau…
Nigeria’s worsening cost of living puts balance diet out of reach
The worsening cost of living crisis in Africa’s most populous nation is putting a balanced diet out of reach for millions of Nigerians, especially fixed and low-income earners.…
Nigeria’s retail rents surge 36% in H2
Achieved rentals otherwise known as agreed rent in Nigeria’s formal retail market rose by 35.5 percent in the second half of 2022, new report findings show.
According to the report by…
February inflation accelerate most in Bauchi, Rivers, Ondo
Inflation in Africa’s biggest economy accelerated the most in Bauchi Rivers, Ondo, Kogi, and Anambra in February on a year-on-year basis, according to the Consumer Price Index report.…