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Industrialists bemoan impact of inflation on economy

Industrialists bemoan impact of inflation on economy

Although Nigeria experienced successive decline in inflation for several months during the outgoing year, industrialists, in a recent review of the economy, however, lamented its impact on the citizens. The development followed the unrealistic picture…

Inflation: NB raises prices nationwide

Inflation: NB raises prices nationwide

The current inflation rate, foreign exchange volatility, VAT and manufacturing sector challenges have compelled Nigerian Breweries Plc to unveil new price list for its products nationwide. New Telegraph cited an official memo from the management…

Inflation pushes Computer Village project cost to N40bn

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…

High cost of food items pushes inflation to 18.17%

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…

Inflation hits roof at 15.75% December –NBS

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…

Transportation, food to push inflation to 13.63%

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…

OPS to FG: Inflation, energy cost crippling SMEs

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…