Tue Apr 12, 2016/Reuters Nigeria plans to raise 167.51 billion naira ($843.67 million) in treasury bills with maturities ranging between 3-month and 1-year on April 20, the central bank said on Tuesday. The bank aims to raise 36.78 billion naira in the 3-month paper, 35 billion naira in the 6-month […]
Tag: Inflation
Nigeria’s Inflation Soars 12.8% in March, Highest since July 2012
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s inflation climbed up 12.8 percent in March (highest since July 2012), dwarfing consensus estimate of 11.8 percent, according to the National Bureau of Statistics (NBS) latest report. Cordros in its report said this month’s Consumer price Index (CPI) exhibited similar strains to that of […]
Nigeria’s Inflation Rises to 11.4% in February 2016
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)- Nigeria’s inflation rose to 11.4 percent in February 2016, as the Consumer Price Index (CPI) which measures inflation recorded a significant uptick and soaring to a Three-Year High, according to the National Bureau of Statistics (NBS) latest report. Africa’s largest oil producer’s inflation rate […]
