Fuel Subsidy Removal, Not Money Supply Surge, Drives Nigeria’s Soaring Inflation
A recent study has revealed that the removal of fuel subsidies, rather than the increase in money supply, is the […]
inflation
Accelerating Inflation in Nigeria Linked to Excess Cash Circulation
Members of the Monetary Policy Committee of the Central Bank of Nigeria have identified excess cash in circulation as the
Rising Food Prices in Nigeria: Traders Struggle Amid Hyperinflation Crisis
Traders around Nigeria are facing a dire situation as the prices of essential commodities continue to skyrocket, plunging citizens into
Inflation hits 31.70% in February, says NBS
March 15, 2024 The National Bureau of Statistics (NBS) on Friday, March 15, said inflation rate soared from the 29.90%
Nigeria’s Food Inflation Jumps to 37.92% in February Amid Economic Hardship
In February, Nigeria saw a significant increase in food inflation, reaching 37.92% compared to 35.41% in January 2024, reflecting the
N22tn printed by Nigeria’s Central Bank under Buhari responsible for inflation – Says Minister of Finance Wale Edun
Nigeria’s Minister of Finance and Coordinating Minister of Economy, Wale Edun said N22.7tn printed by the Central Bank of Nigeria
Central Bank of Nigeria Governor Olayemi Cardoso’s Economic Reforms
Since taking office in October 2023, Central Bank of Nigeria Governor, Olayemi Cardoso, has been implementing various reforms to stabilize