30 results
- 9 Dec 2014
NOIPolls Consumer Confidence Index Declines by 2.8-Points In November
In the face of devalued naira, dwindling oil revenue and Christmas and New year celebrations at hand, the Portfolio of Indices report released by NOIPolls Limited for the month of November 2014…
- 14 Oct 2014
Standard Chartered Unveils Consumer Price Tracker
A new devise to capture real-time price trends in the Nigerian formal and informal markets has been officially unveiled by Standard Chartered Bank (SCB) to enable it obtain accurate price data, which…
- 7 Sept 2012
MasterCard Index Shows Strong Optimism of Nigerian Consumer Confidence
MasterCard Worldwide Index of Consumer Confidence reveals that Nigerian consumer confidence remains highly optimistic. Results of the latest While the Index has recorded a marginal 2.4 point decline…
- 18 Dec 2012
NBS Reports Worst Inflation in November’s CPI
National Bureau of Statistics (NBS) yesterday released its Consumer Price Index (CPI) showing consumer at its highest in four months in November as the impact of the country's worst flooding in 50…
- 24 Sept 2013
Confidence Resurfaces in Eurozone- ForexTime
Nothing too out of the ordinary emanated from the US last week, with an array of both disappointing and encouraging key economic indicators released, cited by ForexTime. According to ForexTime,…
- 18 Aug 2014
Inflation Rises for fifth Consecutive Month to 8.3%
The National Bureau of Statistics (NBS) yesterday released the Consumer Price Index (CPI) for the Month of July stating that increases in the prices of bread, meat and cereals have pushed up the…
- 16 Apr 2023
Nigeria’s Inflation Rate Hits 22.04% for March 2023
Nigeria's inflation rate has increased by 0.13% points compared to February 2023's inflation rate. This is according to the National Bureau of Statistics (NBS)’s Consumer Price Index (CPI) report…
- 20 Jan 2026
How Policy Flip-Flops Are Making Nigerians Poorer
By Blaise Udunze Nigeria’s deepening poverty crisis is no longer speculative; it is now statistically inevitable. Although the latest Consumer Price Index figures released by the National Bureau of…
- 30 Sept 2013
US, Eurozone Exhibit Pool of Mixed Data- ForexTime
ForexTime in its weekly report released on Monday said that the US proclaimed mixed economic news during the course of last week, some areas of the economy showing an onward and upward move and some…
- 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)…
- 18 May 2017
NBS Inflation Report: Analyst Says 2017 Is Nigeria First Major Test
Report by the National Bureau of Statistics (NBS) shows Consumer Price Index (CPI) which measure inflation declined by 0.02 per cent in April. According to the NBS in its new report, the inflation…
- 16 Sept 2016
Nigeria’s Inflation Rate Hits 17.6 % in August - NBS
The National Bureau of Statistics (NBS) has said that Consumer Price Index (CPI) has increased to 17.6 per cent (year-on-year) in August from 17.1 per cent recorded in July. A report released by the…
- 14 Jun 2016
Nigeria’s Inflation Hits 15.6 % in May – NBS
National Bureau of Statistics (NBS), on Tuesday, said the Consumer Price Index (CPI) increased to 15.6 percent in May from 13. 7 percent in April. A report released by the NBS in Abuja said…
- 20 Nov 2012
Floods, Cost of Transportation Fuel Inflation in October -NBS
National Bureau of Statistics (NBS) said Monday that the composite Consumer Price Index which measures inflation in Nigeria rose to 11.7 per cent year-on-year in October (compared to 11.3 percent in…
- 17 Jul 2020
Headline Inflation Up by 12.56 Per Cent in June 2020 ― NBS
Nigeria’s consumer price index (CPI) which measures inflation increased by 12.56 per cent (year-on-year) in June 2020. This is 0.16 per cent points higher than the rate of 12.40 per cent recorded in…
- 25 Jan 2010
Inflation Bites as Prices of Household Items Rise
Cooking gas, liquid fuels and some household goods and equipments faced volatile upward price movements forcing “All items less Farm Produce” otherwise core inflation to rise by 0.1 per…
- 7 Aug 2024
IHS Towers says MTN Nigeria has Agreed to Renew and Extend all its Tower Master Lease Agreements
IHS in Nigeria, a subsidiary of IHS Holding Limited ("IHS Towers"), one of the largest independent owners, operators, and developers of shared communications infrastructure in the world by tower…
- 15 Oct 2020
NBS puts Nigeria’s Inflation in September at 13.71%
Nigeria’s inflation rate rose by 0.49 percentage point to 13.71 percent in September from 13.22 percent in August. Similarly, food inflation rose by 0.66 percent point to 16.66 percent during the…
- 3 Jan 2014
US Dollar, Yen Plummet Against Major Counterparts
The holiday season called for a quiet week last week in Europe, with no major economic news released and limited market movement. This week and with the coming of the New Year, the most important…
- 2 Nov 2016
$29.9Bn Loan: DMO Backs Presidency, Stresses Need for Infrastructure
Dr. Abraham Nwankwo, director general of the Debt Management Office (DMO) on Tuesday provided clarifications on the proposed $29.9bn foreign loans request submitted to the National Assembly by…
- 15 Dec 2023
Nigeria’s Inflation Hits 28.20% in November – NBS
Nigeria’s headline inflation rate for November increased to 28.20% compared to the October 2023 rate which was 27.33%, the National Bureau of Statistics has disclosed. The NBS in its Consumer Price…
- 14 Nov 2013
Nigeria’s Inflation Rate Drops By 0.2% – NBS
Nigeria’s inflation rate in October dropped by 0.2 per cent to 7.8 per cent from the 8.0 per cent recorded in September, says the National Bureau of Statistics (NBS). This was contained in a…
- 16 Jun 2017
Inflation Decline: Why CBN Should Remain Standby- Otunuga
The growing confidence in Nigeria’s economic recovery was bolstered on Thursday following reports that the nation’s rate of inflation declined for the fourth consecutive month in May to 16.25% , the…
- 2 Nov 2009
Inflation Looms as Cost of Living Rises
Manufacturers and traders in basic goods and services in the country are reviewing their prices upward by as much as 20 per cent in reaction to the continued concomitant rise in cost-of-living,…
- 12 Nov 2023
Nigeria’s Inflation Rate May Hit 30 Percent by December 2023 —KPMG
Klynveld Peat Marwick Goerdeler (KPMG), global financial advisory service firm, has predicted Nigeria’s headline inflation rate to hit 30 per cent by December 2023. Headline inflation is the raw…
- 26 Jan 2025
Nigerian Stock Market Closes on Positive Note Driven by MTN Nigeria and Transcorp Power
Nigerian stock market closed last week on a positive note, driven by high demand for MTN Nigeria shares following the Nigeria Communications Commission, NCC’s approval of a 50.0% tariff hike for…
- 11 Nov 2024
Nigeria CPI, USD and Oil in focus
By Lukman Otunuga, Senior Market Analyst at FXTM With the US election done and dusted, the focus shifts back to key data from across the globe. It will be a week packed with inflation figures from…
- 29 Apr 2025
NBS Unveils Crowd-Sourcing Initiative for Accurate Statistical Data
National Bureau of Statistics (NBS) has introduced a crowd-sourcing initiative aimed at providing more accurate statistical information and data to policymakers and the general public. According to a…
- 2 Apr 2015
Reputation Driving Domestic Airfares In Nigeria
Check out the scene. It is the 01 floor of the Transcorp Hilton, Abuja. Airlines have their ticketing stands and offices herein. Office or stand may be an index of how prosperous the airline is.…
- 24 May 2022
CBN Raises Interest Rate to 13 Percent
Central Bank of Nigeria (CBN) has raised interest rate in the country to 13 percent, showing an increase of 1.5 percent. The interest rate had been at 11.5 percent initially before the hike by the…