NIgeria suffered lowest capital inflow in 2016 —Report

Nigeria’s total capital inflows, made up of foreign direct investments and loans, fell to all time low of 48.6% in 2016. According to a report by an international monitoring agency, Meristem, a total of capital importation into Nigeria recorded the worst decline in 10 years in 2016 with only about $80.9 billion, covering capital international…

Inflation hits 11-year high at 18.55%

Inflation rate, which measures changes in prices of items, trended upward to its highest in more than 11 years in December 2016.  This beats several analysts’ projections of a moderation to increase to 18.55 per cent. A report just released by the National Bureau of Statistics showed that the Consumer Price Index (CPI), which measures…

Nigeria’s inflation rate hits 18:48 % in November – NBS

The National Bureau of Statistics (NBS), says Consumer Price Index (CPI), increased to 18.48 per cent (year-in-year) in November from 18.33 per cent recorded in October. The CPI, which measures inflation, is 0.15 per cent points higher from the points recorded in October. A report released by the NBS in Abuja on Thursday noted that…

INTEREST RATE: Emefiele, Adeosun face-off takes new twist

A new twist has been added to the face-off between the CBN Governor, Godwin Emefiele and the Minister of Finance, Kemi Adeosun, on how interest rate and inflation rates can be used to fight Nigeria’s recession. Both officials were in disagreement over the issue, prompting the intervention of the Vice President, Yemi Osinbajo. The matter…

Are Nigerians in danger of starvation?

The National Bureau of Statistics, NBS, recently released another frightening figure indicating that the current inflation rate in the country is on the rise, and that Nigerians are in for tougher times. The current figure, 18.3 per cent, is the highest Nigeria has ever witnessed in 11 years, and one of the highest in the…

Inflation spikes up to 18.3%

The National Bureau of Statistics (NBS) has just released the latest inflation rate, indicating another spike in inflation rate to 18.33 per cent, 0.48 percentage points above the previous rate. In the report, the NBS indicated that Consumer Price Index (CPI),which measures inflation, increased to 18.33 per cent in October 2016 as against 17.85 per…

Inflation rate rises to 17.6 per cent in August

The National Bureau of Statistics, NBS, has stated that the inflation rate for the month of August rose by 0.48 percentage point from 17.13 per cent in July to 17.61 per cent in August. Data released by the NBS late in August had showed that the Consumer Price Index, CPI, which measures inflation increased year-on-year…

Nigeria’s inflation rate hits 17.6 % in August – NBS

Buhari The National Bureau of Statistics (NBS) says Consumer Price Index (CPI) has increased to 17.6 per cent (year-on-year) in August from 17.1 per cent recorded in July. A report released by the NBS in Abuja on Friday stated that the CPI, which measured inflation, was 0.5 per cent points higher from the points recorded…

Copy of Nigeria: Inflation Accelerates – Reuters. Kaduna is sinking, El Rufai is an Abomination to Good Governance – Kaduna Elders. MMM – You are on your own, CBN warns Nigerians. IPOB responds to Buhari – stuff your ‘trek-story’. British support won the Biafra war for you, not trekking. Stolen? Buhari’s Change Begins With Me Speech in Fresh Scandal.

Nigeria: Inflation Accelerates – Reuters. Kaduna is sinking, El Rufai is an Abomination to Good Governance – Kaduna Elders. MMM – You are on your own, CBN warns Nigerians. IPOB responds to Buhari – stuff your ‘trek-story’. British support won the Biafra war for you, not trekking. Stolen? Buhari’s Change Begins With Me Speech in…

Nigeria: Inflation Accelerates – Reuters. Kaduna is sinking, El Rufai is an Abomination to Good Governance – Kaduna Elders. MMM – You are on your own, CBN warns Nigerians. IPOB responds to Buhari – stuff your ‘trek-story’. British support won the Biafra war for you, not trekking. Stolen? Buhari’s Change Begins With Me Speech in Fresh Scandal.

Nigeria: Inflation Accelerates – Reuters. Kaduna is sinking, El Rufai is an Abomination to Good Governance – Kaduna Elders. MMM – You are on your own, CBN warns Nigerians. IPOB responds to Buhari – stuff your ‘trek-story’. British support won the Biafra war for you, not trekking. Stolen? Buhari’s Change Begins With Me Speech in…