Nigeria’s October inflation jumps to 11.61%

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.

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.

Here is why you should pick up a copy of The Guardian on Saturday. Find these stories and much more when you grab a copy of The Guardian on the newsstands on Saturday⁣.

Here are a few reasons to pick up a copy of The Guardian on Tuesday. Find these stories and much more when you grab a copy of The Guardian on Tuesday.⁣

Lukman Otunuga, Senior Research Analyst at FXTM Market joins CNBC Africa’s Kenneth Igbomor to highlights how Nigeria’s financial markets are reacting to Nigeria’s September inflation data.

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.

Assessing 16.47% inflation Spike in Nigeria

Here is why you should pick up a copy of The Guardian on Wednesday. Here are some of the stories to look out for when you grab a copy of The Guardian on the newsstands on Wednesday.⁣

Inflation in the US soared at its fastest pace in over a decade, with consumer prices 4.2% higher than in April 2020. The data spooked investors around the world, contributing to a global market selloff.

Here are a few reasons to pick up a copy of The Guardian on Thursday. Find these stories and much more when you grab a copy of The Guardian on Thursday⁣

Consumer prices have soared 5% in the US compared to a year earlier, as demand for goods and services soars. If high levels of inflation persist, the US Federal Reserve could be forced to adjust monetary policy.

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.⁣⁣