20
FebThe National Bureau of Statistics (NBS) has published that the Headline inflation rate on a year-on-year basis stood at 24.48% in January 2025. The sharp decline from the inflation rate of 34.8% in December 2024 is due to the rebasing of Consumer Price Index (CPI) by the National Bureau of Statistics. The National Bureau of Statistics (NBS) […]
15
NovThe recent inflation report published by the National Bureau of Statistics revealed that the Headline inflation rate in October 2024 was 33.88%, an increase from the September 2024 headline inflation rate of 32.70%. Key points: Overall, the report highlights a continuing upward trend in the inflation rate, with notable increases both on a monthly and yearly basis.
23
JulThe Central Bank of Nigeria (CBN) monetary policy committee has raised interest rate by 50 basis points from 26.25% to 26.75%. The Governor of the CBN, Mr. Olayemi Cardoso announced this at the end of the 296th Monetary Policy Committee meeting held in Abuja. The MPC also retained the Cash Reserve Ratio (CRR) for Deposit Money Banks[…]
