The Central Bank of Nigeria’s (CBN’s) Monetary Policy Committee members on Tuesday voted to increase the monetary policy rate (MPR) or benchmark interest rate to 14% from 13% in its sustained efforts to tame the rising inflation rate in the county. The Governor of the CBN, Godwin Emefiele, gave this hint while addressing journalists at […]
The National Bureau of Statistics (NBS) reported today that the nation’s inflation rate, which is measured by the Consumer Price Index (CPI), slowed to 15.37 per cent in December
Indications that the general price level for commodities remain high in Nigeria have emerged with prices of Dual Purpose Kerosene (DPK) or kerosene and Liquefied Petroleum Gas (LPG) or cooking gas costing more in December