The monetary tightening policy of the Central Bank of Nigeria is beginning to yield results as the country’s inflation experiences a sharp decline. Figures released by the National Bureau of Statistics on Wednesday in Abuja showed that the country’s inflation dropped to 8.6 per cent in March from 9.5 per […]
Tag: Inflation
Naira Falls as Bond Investments Said to Ease, Inflation Rises
Nigeria’s naira declined after inflation accelerated and foreign investments into the country’s bond market eased, according to Standard Bank Group Ltd. The currency of Africa’s biggest oil producer retreated 0.1 percent to 158.85 per dollar by 12:32 p.m. in Lagos, the commercial capital, bringing its depreciation this year to 1.7 […]
Nigeria: Inflation Rise By 9.5% in Feb’ 2013
In February 2013, the Consumer Price Index (CPI), which measures inflation, rose by 9.5 per cent year-on-year (compared to 9.0 per cent in January). Relative to January, the rise in the headline index could be attributed to increases in farm produce prices due to limited supplies as the toll of […]
