…if it takes nearly a year-and-half between a central bank’s monetary policy decision and when the economy responds to this,
The National Bureau of Statistics (NBS) on Wednesday published the August Inflation data that revealed inflation rose by 17.01% y/y,
With the Delta variant of covid-19 driving an increase in infection caseloads across major cities, and worries rising over the
“Also, the current rate of food inflation is unsustainably high. At the current rate, food prices will continue to double
Insecurity, cost of dollar-linked inputs, technology-light farming and insufficient rainfall is stoking food-price inflation in Nigeria. According to the Consumer
“There is also the argument that watching the exchange rate matters because we are import-dependent. That is obviously untrue as
Although Nigeria’s inflation rate rose to 17.33 percent in February 2021 from 16.47 percent the previous month, the Central Bank
“Nigeria’s $1.5 billon World Bank loan is a modified Fulani marriage; it has gotten a skinny plain bride for a
The Nigerian Markets report for the week ended November 20, 2020. Stock Market After recording a historic surge the previous
Nigeria’s inflation rate rose by 14.23% (year-on-year) in October as against 13.71% recorded in September, indicating a persistent increase in
“In September 2020, food inflation on a year on year basis was highest in Zamfara (20.94%), Kogi (19.06%) and Plateau/Yobe(18.90%),while
The ripple effects of border closure, flooding and dollar scarcity which resulted in increase in the prices of food impacted
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