Tag Archives: rate

Nigeria’s inflation rate rises to 17.71%

The National Bureau of Statistics (NBS) has said that Nigeria’s inflation rose to its highest level in 11 months, rising from 16.82% recorded in April 2022 to 17.71%. The consumer price index, which measures the rate of inflation rose by 17.71% year-on-year in May 2022, which is 0.89% points higher than the 16.82% recorded in the previous month (April 2022). ...

Read More »

CBN retaines interest rate parameters at 11.5 per cent

The Monetary Policy Committee (MPC) of the apex bank, Central Bank of Nigeria (CBN) has retained the interest rate parameters. Speaking with newsmen at the end of the MPC meeting in Abuja on Tuesday, CBN Governor Godwin Emefiele said members of the MPC unanimously agreed to retain retain the Monetary Policy Rate (MPR) at 11.5 per cent. They also agreed ...

Read More »

Inflation rate hits 18.17 per cent in March 2021

The National Bureau of Statistics (NBS) has revealed that Inflation rate, has jumped to 18.17 per cent in March 2021. It was learnt the rate was 0.82 per cent higher than the 17.33 per rate of February 2021. Its data titled: “Consumer Price Index March 2021(Base Period December 2009=100)”. The document said: “The consumer price index, (CPI) which measures inflation ...

Read More »