Nigeria’s inflation rises to 11.44% in December
17 January 2019 | 5:53 am
Nigeria’s inflation came in at 11.4 per cent in December 2018, a seven-month high from 11.28 per cent recorded in November. Food Inflation was higher at 13.56 per cent from 13.3 per cent in November.
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Financial Derivatives say they expect a 0.69 per cent rise in Nigeria’s headline inflation to 12.95 per cent year-on-year this April. Damilola Akinbami, Head of Research at Financial Derivatives joins CNBC Africa to breakdown their inflation expectations.
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Inflation rate rises to 12.40% in May- NBS. Inflation rate rose by 12.40 percent in May 2020, up by 0.06 percent points higher than the 12.34 percent recorded in April 2020.
Nigeria’s inflation rate hits 12.56% - NBS, FG arranges three more evacuation flights from U.S. and more
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Melanie Igbe's restaurant hosted 50 people a day when it opened in Nigeria's megacity Lagos a year ago. Fear of coronavirus has driven most diners away, but Igbe believes inflation rather than the pandemic may kill her business.
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Assessing 16.47% inflation Spike in Nigeria
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Notwithstanding the hike in the price of foodstuff, ram and other items in Nigeria due to Eid-el-Kabir, Muslims in Nigeria are celebrating the holy festival also known as Eid-al-Adha. However, with the price of a ram ranging between ₦120,000 and ₦400,000, not everyone is smiling as they observe the yearly ritual.
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