Business

Inflation pushes Computer Village project cost to N40bn

…to be completed in 2023 Bridgeways Global Projects Limited, the developer of the new ‘Computer Village,’ has said that the current economic realities with high inflation have pushed up the cost of the project to about N40 billion. This is even as the company said all is now set for accelerated execution of the project. […]

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High cost of food items pushes inflation to 18.17%

Consistent rise in prices of food items, including bread, cereals, potatoes, yam and others like tubers, meat, vegetable, fish, oils and fats and fruits pushed Consumer Price Index (CPI) to 18.17 per cent (year-on-year) in March 2021, National Bureau of Statistics has revealed. This rise indicates 0.82 per cent points higher than the rate recorded […]

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Inflation hits roof at 15.75% December –NBS

Nigeria’s inflation figure skyrocketed again in the month of December 2020, hitting 15.75 per cent as against November figure of 14.89 per cent. This was confirmed yesterday by the National Bureau of Statistics (NBS). The rise in figure was caused by hike in food stuff prices representing the fifth year inflation exceeded the Central Bank […]

Business

Transportation, food to push inflation to 13.63%

As analysts anticipate the release of the latest Consumer Price Index (CPI) and inflation report by the National Bureau of Statistics (NBS) tomorrow, Access Bank’s Economic Intelligence Unit has forecast that headline inflation for September 2020 will rise to 13.63 per cent from 13.22 per cent recorded in August 2020. In a note obtained by […]

Business

OPS to FG: Inflation, energy cost crippling SMEs

Members of the organised private sector have lamented that the country’s mounting inflation rate and growing cost of energy following recent increase in fuel price are driving small and medium enterprises (SMEs) into oblivion even as the economy suffers from the impact of COVID- 19. The OPS, comprising of the La-gos Chamber of Commerce and […]

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