30 results
- 17 May 2017
Nigerian Inflation Falls to 17.24% in April
Annual inflation in Nigeria eased for the third straight month in April, inching down to 17.24 percent from 17.26 percent in March, the National Bureau of Statistics (NBS) said in a report. A…
- 15 Jul 2024
Nigeria inflation rate hits 34.19%
Nigeria’s annual inflation rate increased for the fifth consecutive month to 34.19 per cent as Nigerians battle with high living crisis. According to the National Bureau of Statistics (NBS), released…
- 18 Jul 2016
Inflation Rose to 16.5% in June - NBS
Annual inflation in Nigeria accelerated to 16.5 percent in June, data showed on Monday, its highest in almost a decade and the fifth monthly increase in a row, as the crisis in Africa's biggest…
- 15 Oct 2024
Nigeria’s Inflation Rate Rises to 32.7 Percent - NBS
Nigeria's annual inflation rate climbed for the first time in three months in September, sparked by a spike in gasoline prices and severe floods in food-producing areas. Consumer prices index (CPI)…
- 17 May 2016
Inflation Hit Near 6 Years High in April
Annual inflation in Nigeria quickened to a near six-year high of 13.7 percent in April, in part due to rising petrol and electricity prices, the National Bureau of Statistics (NBS) said on Monday,…
- 13 Apr 2016
Nigeria's Inflation Rises to 4-Year High in March
Nigeria's annual inflation rose to a near four-year high of 12.8 percent in March from 11.4 percent in February, driven by a rise in food prices, the National Bureau of Statistics (NBS) said. The…
- 15 Apr 2014
Food Prices Push Inflation to 7.8% Year/Year-NBS
Nigeria Bureau Statistics (NBS) latest report on Nigerian annual consumer price inflation showed it edged up in March to 7.8 percent from 7.7 percent in February. The report showed that food…
- 25 Aug 2008
Inflation Rate Hits 14 per cent
The National Bureau of Statistics (NBS) has said that Nigeria's annual inflation rate rose to 14 per cent in July from 12 per cent the previous month, driven by price hikes for food and essential…
- 3 Aug 2018
Nigeria inches closer to rate cut as outlook improves
by Lukman Otunuga, Research Analyst at FXTM July was another encouraging trading month for the Nigerian economy, thanks to the stabilizing macroeconomic environment. Annual inflation…
- 13 Jan 2020
Inflation under the Spotlight
By Lukman Otunuga, Senior Research Analyst at FXTM, This will be a relatively quiet week for the Nigerian economy data-wise as investors await updates on consumer prices. The annual inflation rate is…
- 14 Mar 2013
Nigerian’s Economy Set To Overtake South African’s – Survey
A new poll by Reuter- providers of breaking news, business, financial and investing articles from around the globe found that Nigeria could snatch South Africa’s crown as the continent’s economic…
- 7 Mar 2019
MTN Nigeria Announces Summary of Financial Results for Year Ended December 31, 2018
MTN Nigeria on Thursday announced its results for the year ended December 2018, and confirms its intention to list by introduction on The Nigerian Stock Exchange during the first half of 2019.…
- 2 Nov 2025
Tinubu’s 15% Fuel Duty: Taxing Pain in a Broken Economy
By Blaise Udunze When a nation is bleeding economically, with inflation at historic highs and citizens gasping for survival, one expects government policy to offer relief, not suffocation. Yet,…
- 12 Jun 2017
Telcos Face Distress as Operational Challenges Worsen
Telecommunications operators in the country once seen as flourishing are today battling to survive due to unfavourable economic policies been implemented by the government. The situation has forced…
- 4 Apr 2017
Telcos Decries High Tower Rentals Cost, Data Tariff
High cost of tower rental as well as unregulated data price have conspired to hobble internet service delivery, according to some telecommunications operators and internet service providers. Tower…
- 18 Sept 2017
Comment: Sentiment Over Nigeria Continues to Improve
‎FXTM Research Analyst Lukman Otunuga on Inflation Rate. Nigeria has once again revealed to the global arena that it remains on a steady path to recovery, as the nation’s rate of inflation…
- 8 Apr 2025
Trump Strikes with Tariffs, Nigeria Stands Down
By Lukman Otunuga, Senior Market Analyst at FXTM On Wednesday 9th April, US reciprocal tariffs go into effect on numerous countries including Nigeria. Washington has slapped 14% tariffs on the…
- 19 Apr 2023
CBN Fueling Inflation it Seeks to Curb - Report
Central Bank of Nigeria (CBN) continued financing of the government’s fiscal deficit is limiting the impact of its longest phase of monetary tightening since 2011 as rising money supply drives…
- 20 Apr 2020
Nigeria Week Ahead: Oil, Inflation and PMI’s in Focus
By Lukman Otunuga, Senior Research Analyst at FXTM A darker mood awaits the largest economy in Africa as Oil descends to levels to not seen in more than two decades below $15. Over the past few…
- 15 Mar 2010
CBN Leaves Benchmark Rate Unchanged
The Central Bank of Nigeria (CBN) left its benchmark interest rate unchanged; concerned that inflation may accelerate as the government prepares to remove fuel subsidies. The monetary policy rate was…
- 16 Feb 2024
Nigeria’s inflation hits 29.9 per cent
A new report released by the Nigerian Bureau of Statistics (NBS) has shown that the headline inflation rate increased year-on-year (YoY) by 0.98 percentage points to 29.9 per cent in January 2024…
- 14 Jan 2020
Trade deal hopes lift risk mood; Gold loses luster
Lukman Otunuga, Senior Research Analyst at FXTM, The mood across financial markets continues to brighten on Tuesday amid signs of goodwill between the United States and China ahead of the “phase one”…
- 31 Aug 2016
Nigeria in Recession as Low Oil Prices Shrink Economy
Nigeria, Africa's biggest economy, officially slid into recession for the first time in more than 20 years as the statistics office announced a further contraction in the second quarter of the year.…
- 17 Apr 2024
Imperative of Upholding Nigeria's Telecoms Lifeline
By Ikemesit Effiong It is neither profound nor insightful to state that Nigeria is living through a near-unprecedented cost-of-living crisis. Aminu Maida, executive vice chairman, NCC Core inflation…
- 30 Oct 2017
Heavy Hitters Give Nigeria The Thumbs Up
By Lukman Otunuga, Research Analyst October was certainly another positive month for the largest economy in Africa, which has yet again showcased its brawn and resilience on the global stage. Annual…
- 19 May 2020
Risk Appetite Flickers to Life on Vaccine Hopes, Nigeria Inflation in Focus
By Lukman Otunuga, Senior Research Analyst at FXTM, Investors across the globe have been injected with a renewed dose of confidence towards risk as governments relax lockdown measures and…
- 22 Oct 2019
Will the Central Bank of Nigeria Cut Interest Rates in November?
By Lukman Otunuga, senior research analyst at FXTM, Rising inflationary pressures in Nigeria will certainly complicate the Central Bank of Nigeria’s efforts to cut interest rates to stimulate growth.…
- 26 Oct 2023
How Businesses can Navigate Inflation by Adopting Cloud Technology
Kehinde Ogundare, Country Manager, Zoho Nigeria In recent years, the global economy has faced and continues to face numerous challenges, including a pandemic, war, climate change, and inflation.…
- 4 Feb 2017
FCMB Raises N5.1 Bn via Bonds
FCMB has sold N5.1 billion ($16 million) of bonds, less than it originally planned to raise, at an interest rate coupon of 17.25 percent, its advisers said yesterday. The seven-year bond was issued…
- 3 Oct 2017
Opinion: Nigeria Strides into Q4
By Lukman Otunuga, Research Analyst at FXTM Nigeria displayed its resilience in the global arena on repeated occasions this year, by confronting a currency crisis, navigating depressed oil prices and…