The Naira on Friday depreciated in most major segments of the foreign exchange market just as inflation hits 17.6 percent. The Nigerian currency fell by N2.24 to exchange at N308.69 to the dollar at the interbank market, from N306.93 recorded on Thursday. At the Bureau De Change it closed at N420 to the dollar, N550 […]
Read More Increase in the electricity tariff and the impact of higher prices of Premium Motor Spirit known as petrol has pushed the country’s inflation rate to 13.7 per cent in April, the National Bureau of Statistics said on Monday. The NBS, in its Consumer Price Index report for the month of April, stated that the 13.7 […]
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SOUTH Africa raised its benchmark interest rate by an aggressive half a percentage point to 6.75 percent Thursday to counter rising inflation, despite fears that the country could be heading into recession. AFP report Economic woes have piled up in recent months for South Africa, with the International Monetary Fund slashing its latest growth forecast […]
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THE National Bureau of Statistics on Sunday released the Consumer Price Index for the month of December with the country’s inflation rate increasing from 9.4 per cent to 9.6 per cent. The bureau in the report said the increase was as a result of an increase in the headline index driven in part by higher […]
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