CBN’s next rate decision seen hanging on food inflation
Food inflation, which has surged to a record high of 23.72 percent, is seen as a major factor that will determine whether or not the Central Bank of Nigeria (CBN) will continue its…
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Inflation rates
Explainer: How to calculate your personal inflation rate
On a daily basis, an average Nigerian spends on food, transportation, airtime or data. These expenses add up to monthly and yearly expenses that, left untracked, your buying power.
As…
Inflation, unemployment, bad policies widen income inequality in Nigeria
The World Bank Nigeria's Development Update for June 2022 predicts an additional 7 million Nigerians to fall below the poverty line of $1.9 per day. This will add to the already existing 83…
With rising prices, here’s how to maximise your money
Nigeria’s inflation rate of 17.72 percent as of May 2022 is at its highest level in 11 months. This has increased the cost of living for cash-strapped Nigerians.
Households and…
World Bank predicts Nigeria’s inflation rate may be among world’s highest in 2022
The World Bank has said Nigeria may have one of the highest inflation rates globally in 2022, with increasing prices diminishing the welfare of Nigerian households.
According to the World…