Forex stability: financial experts’ predict further drop in inflation rate

Some financial experts on Friday expressed optimism that the nation’s inflation figure would continue to slowdown with enhanced stability in the foreign exchange market. They said this in an interview with the News Agency of Nigeria (NAN) in Lagos while reacting to March inflation figure. The experts said that the inflation figure would continue to……

Nigeria’s Inflation declines by 0.52 % in March

The National Bureau of Statistics (NBS) on Thursday stated that the inflation rate dropped by 0.52 per cent in March to close at 17.26 per cent, the second decline recorded in two months. The first decline was recorded in February when inflation dropped by 0.94 per cent to close at 17.78 per cent. “This is……

Inflation drops by 0.52 % in March

The National Bureau of Statistics on Thursday, revealed that inflation dropped by 0.52 percent in March, the second decline recorded on the year- on- year basis. The first time inflation decline was in February when inflation dropped by 0.94 per cent. In its latest Consumer Price Index for March released in Abuja, the bureau stated…

Economy: Don predicts further drop in inflation rate

Prof. Uche Uwaleke, a financial expert, has predicted a further decrease in the rate of inflation for March 2017 as it was the case in February. Uwaleke , the Head of Banking and Finance, Nasarawa State University, Lafia, made the prediction in an interview with the News Agency of Nigeria (NAN ) on Tuesday in……

MPC: Don predicts rates retention by CBN to monitor inflationary trend

A don, Dr Uche Uwaleke, on Sunday predicted that the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) would retain all the rates to monitor inflationary trend. Uwaleke, Head of Banking and Finance Department, Nasarawa State University, Keffi, made the prediction in an interview with the News Agency of Nigeria (NAN) in……

Economist says inflation reduction good for Nigerians

Emeritus Professor of Economics, Uka Ezenwe, has described the reduction in the country inflation rate by 0.94 per cent as good news for Nigeria. Ezenwe told the News Agency of Nigeria (NAN) on Thursday in Abuja that reduction in prices of goods also would be another milestone for citizens. Cue in audio 1 “The fact……

Inflation declines by 0.94 % in February

The National Bureau of Statistics (NBS) on Tuesday said that inflation dropped by 0.94 per cent in February, the first time in 15 months. In its latest Consumer Price Index (CPI) for February released in Abuja, the bureau stated that the index, which measured inflation increased by 17.78 per cent year-on-year. It, however, stated that……

Zambia’s inflation slows to 6.8% in February

Zambia’s inflation slowed to 6.8 per cent year-on-year in February from 7.0 per cent in January, the statistics office said on Thursday. The monthly inflation rate rose to 1.0 per cent from 0.9 percent in the previous month, the Central Statistics Office said. “The decrease in the year-on-year inflation rate is mainly attributed to the……

Don says coordinated fiscal spending on agriculture is solution to inflation

Prof. Uche Uwaleke of the Nasarawa State University says a coordinated fiscal spending on agriculture, infrastructure development are part of the solutions to the nation’s inflation. Uwaleke, a Professor of Banking and Finance, made this known in an interview with the News Agency of Nigeria (NAN) in Abuja on Monday. The National Bureau of Statistics……

DRC envisages 31.19% inflation rate in 2017

Democratic Republic of Congo apex bank has envisaged the country’s inflation rate would increase in 2017 to 31.19 per cent, up from an estimated 25.04 per cent in 2016. The central bank said in a report on Friday in Kinshasa that the economy had been hit by stubbornly low global commodity prices. The DRC, Africa’s……