The National Bureau of Statistics (NBS) says Nigeria’s headline inflation rate increased to 28.92 percent in December 2023.
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The Federal Government and Kebbi state have taken steps to boost food production and reduce food inflation to ensure food security in the country.
Some financial experts have urged the Federal Government to allocate more foreign exchange into the financial system to address illiquidity and tackle food insecurity challenges due to rising inflation.
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has reiterated that his leadership would focus mainly on the core mandate of price stability.
Some financial experts have urged the Federal Government to adopt stable macro economic policies that would stimualte the growth of more domestic production.
The Lagos Chamber of Commerce and Industry (LCCI) says it is anticipating that businesses will implement a variety of cost reduction strategies to lower operating expenses and maintain profitability amidst inflationary pressures.
A financial analyst, Dr Samuel Nzekwe, has called on Deposit Money Banks to further recapitalise, to meet the current rising inflation challenges in the country.
British inflation has eased back to its lowest level since March 2022, but remained higher than expected as food prices continued to rise at a near record pace.
Bulgaria’s National Statistical Institute on Wednesday said the country’s inflation rose in May by 15.6 per cent year-on-year. According to…
The National Bureau of Statistics (NBS) said on Saturday that the nation’s inflation rate increased to 15.92 per cent in…