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Declining reserves, rising inflation to dominate MPC considerations

AS the nation’s external reserves continued its downward trend for the tenth consecutive week last week,  with month-to-date decline of $948 million, the ten man Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) will meet for the 263rd  time today to brainstorm on policy measures to address the economic headwinds of declining external reserves, rising inflation and slowdown in economic growth
Continue reading Declining reserves, rising inflation to dominate MPC considerations at Vanguard News. …

Nigeria records first inflation rise of 2018

Nigeria records first inflation rise of 2018

After eighteen consecutive months of consecutive disinflation, Nigeria’s inflation rate has rose to 11.23% in August, largely due to increasing food prices, the National Bureau of Statistics (NBS) has said. In its latest report titled ‘CPI and Inflation Report August 2018 ’ which was released in Abuja on Friday, the NBS stated that the riseRead More
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‘Fed Govt must tame spiralling inflation’

‘Fed Govt must tame spiralling inflation’

Though inflation rate has continued to drop in the past 14 months, it is still high at 11.14 per cent. Institute of Chartered Accountants of Nigeria (ICAN) President Razak Jaiyeola believes the government must work harder to tame it. He told Charles Okonji in Lagos that members of the institute working in organisations which doRead More
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Nigeria inflation dips 18th time to 11.14%

Nigeria inflation dips 18th time to 11.14%

Nigerian inflation declined for the 18th consecutive time 11.23 per cent in June to 11.14 per cent in July, 1.28 per cent points below Federal Government’s projection. The Federal Government had in its 2018-2020 Medium Expenditure Framework and Fiscal Strategy projected inflation of 12.42 per cent for the period. In its latest report released yesterdayRead More
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Nigeria’s Inflation Drops To 11.14%

After getting a car from her husband for being supportive, Nigerian lady dishes out advice to those who sell their body for riches 

    Nigeria’s inflation fell from  11.23 to 11.14% for the month of July, statistics released by the National Bureau of Statistics (NBS) on Wednesday showed. According to the NBS, the consumer price index fell by 0.09 per cent to 11.14 per cent last month, from 11.23 per cent recorded in June 2018, making it 18 … Continue reading Nigeria’s Inflation Drops To 11.14%
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