Nigeria’s February inflation up 11.3%
Nigeria’s consumer inflation grew by 11.31 percent in February year-on-year, compared to January’s 11.37 per cent.
Ghana inflation rate inches up to 9.2% in February
Ghana’s February inflation came in at 9.2 per cent year-on-year compared to 9 per cent recorded in January this year. Meanwhile, Ghana’s Finance Minister, Ken Ofori-Atta, has assured that the cedi will stabilise in the next few weeks.
Nigeria’s inflation rises to 11.44% in December
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.
Nigeria’s November inflation rises as food prices surge
Nigeria's November consumer inflation rose to 11.28 per cent as the cost of food surged. This represents a slight increase compared to 11.26 recorded in October.
Draghi's opening statement at ECB news conference
European Central Bank President Mario Draghi comments on the central bank's interest-rate decision, and the inflation and growth outlook during a news conference on policy, rates, inflation and the economy following the Governing Council's meeting in Frankfurt.
Nigeria MPC meeting expectations
Members of Nigeria's monetary policy committee will begin a 2-day meeting next Monday to review key macroeconomic indicators notably, inflation, GDP growth and the exchange rate.
CBN to raise N177bn via treasury bills auction
The Central Bank of Nigeria plans to raise 177 billion naira of short-dated Treasury bills at an auction on the 5th of July to finance the country's budget deficit, help manage liquidity and curb inflation.
Nigeria's economy: recovery or fluke?
The Central Bank of Nigeria plans to reduce the country's inflation to between 10 to 11 percent by the end of this year and also plans to intervene more in the agricultural and manufacturing sectors.