inflation

Nigeria’s Economic Growth to Hit 3.6% in 2025, Says Afreximbank

Nigeria’s Economic Growth to Hit 3.6% in 2025, Says Afreximbank

Afreximbank has projected that Nigeria’s economic growth will accelerate from 3.0% in 2024 to 3.6% in 2025, supported by increased… Read More

2 weeks ago

IMF Calls for Strategic Use of Fuel Subsidy Savings After 2025 Article IV Mission to Nigeria

An International Monetary Fund (IMF) team, led by Axel Schimmelpfennig, the mission chief for Nigeria, completed its 2025 Article IV… Read More

4 months ago

Bismarck Rewane Doubts Rebased CPI, Says Inflation Can’t Fall By 10% So Quickly

The recent adjustment to Nigeria's official inflation figures is generating debate about the consequences of the exercise and its impact… Read More

5 months ago

Six Signs That the Argentine Peso Is Appreciating Strongly

In 2024, the Argentine peso defied expectations by strengthening over 40% in real terms, making it the best-performing currency globally.… Read More

6 months ago

NBS’s GDP and CPI Rebasing: Experts Question Integrity and Methodology

The Nigerian Bureau of Statistics (NBS) has initiated GDP and CPI rebasing, which "Global Business Report" on Arise News scrutinized.… Read More

7 months ago

Agriculture: Nigeria’s Economic Anchor Faces Stormy Waters Amid Macroeconomic Uncertain

In the policy narrative of Nigeria’s economy, agriculture has long been portrayed as its unshakable mainstay. Employing a significant portion… Read More

9 months ago

Pound Falls as UK Inflation Hits Three-Year Low

The British pound fell 0.6% against the US dollar, reaching $1.30 on Wednesday after UK inflation came in lower than… Read More

10 months ago

Naira Devaluation Makes Nigerian Exports Most Competitive in 20 Years- World Bank Economist

World bank’s chief economist, Indermit Gill at a meeting with the National Economic Summit Group (NESG) on praised the current… Read More

10 months ago

Nigeria’s Money Supply Reaches Record ₦106 Trillion Amid Inflation Concerns

In July 2024, Nigeria's money supply reached a historic high of ₦106.27 trillion, marking a 62.66 per cent increase from… Read More

11 months ago

Food prices skyrocketed in June 2024, beans up 252%, tomatoes surge 320% – NBS

The National Bureau of Statistics (NBS) has released its June 2024 Selected Food Price Watch Report, highlighting substantial year-on-year increases… Read More

1 year ago

Canada sees inflation dip to 2.7%, central bank rate cut expected next week

Key Points Canada's annual inflation rate slowed to 2.7 per cent year-on-year in June. This follows an unexpected surge to… Read More

1 year ago

Nigeria’s inflation hits 34.19% in June, food inflation surges to 40.87%

Key Points Headline inflation increased to 34.19% in June 2024 from 33.95% in May 2024, marking a 0.24% month-on-month rise.… Read More

1 year ago