• June 30, 2022
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Inflation: Nigeria Has Surpassed 16.0% Rate 25 Times In 88 Months

Inflation: Nigeria Has Surpassed 16.0% Rate 25 Times In 88

Kehinde Ogunyale May 23, 2022

The National Bureau of Statistics has published that the consumer price index for April 2022 increased to 16.82 percent  on a year-on-year basis. The recent figures are 1.3 percent points lower compared to the rate recorded in April 2021 (18.12) percent but 0.9 percent higher than March 2022.  According to… You must be registered to […]Read More

Nigeria’s Inflation hits 16.82% In April 2022

Nigeria’s Inflation hits 16.82% In April 2022

Kehinde Ogunyale May 17, 2022

Latest figures from the National Bureau of Statistics have revealed that the Consumer Price Index rose to 16.82 percent in April from 15.92 percent in March. The NBS disclosed this in its ‘Consumer Price Index April 2022’. The report read in part, “In April 2022, the consumer price index, which measures inflation increased to 16.82 […]Read More

Nigerians’ Household Consumption Spending Rises To N108tn

Nigerians’ Household Consumption Spending Rises To N108tn

Kehinde Ogunyale May 16, 2022

The National Bureau of Statistics has said that Nigerian residents spent N108.47 trillion on household consumption in 2021 in nominal terms. The figure is 11 percent  higher than the N97.72tn recorded in 2020. This is an  increase amid double-digit inflation of 15.92 recorded in march 2022. The NBS, which disclosed this in its recent Expenditure […]Read More

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Reviewing Nigeria’s 2021 GDP Growth (1)

Reviewing Nigeria’s 2021 GDP Growth (1)

Kehinde Ogunyale May 14, 2022

The National Bureau of Statistics has reported that the country’s Gross Domestic Product increased by 4.03 percent in the third quarter of 2021. This is contained in its Gross Domestic Product Report Expenditure and Income Approach report for Q3, Q4 2021. According to the report, in the third quarter of… You must be registered to […]Read More

Inflation Pushes 23 million Nigerians Into Food Crisis 

Inflation Pushes 23 million Nigerians Into Food Crisis 

Kehinde Ogunyale May 6, 2022

About 23 million Nigerians were pushed into a food crisis due to the impact of the COVID-19 pandemic-induced inflation in 2021. The World bank said this in its latest Commodity Markets Outlook report in reference to the Global Report on Food Crises. According to the Washington-based, rising food prices have heightened food insecurity in emerging […]Read More

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Comparing Q1 Inflation Rate Across Five Years

Comparing Q1 Inflation Rate Across Five Years

Kehinde Ogunyale April 27, 2022

According to the latest figures from the National Bureau of Statistics, Nigeria’s Consumer Price Index rose to 15.92 percent in March 2022. This new figure was the highest the country has recorded since November 2021. In the first quarter of the year,  Nigeria’s inflation rate grew from 15.60 percent in… You must be registered to […]Read More

Inflation Hits 15.92% In March 2022

Inflation Hits 15.92% In March 2022

Kehinde Ogunyale April 21, 2022

Latest figures from the National Bureau of Statistics showed that Nigeria’s Consumer Price Index rose to 15.92 percent in March 2022. This new rate is the highest the country has recorded since November 2021 with an inflation rate of 15.99 percent. The NBS in its “CPI report for March 2022” revealed that Nigeria’s inflation fell […]Read More

Nigeria’s Inflation Rate Drops To 15.60% In January

Nigeria’s Inflation Rate Drops To 15.60% In January

Kehinde Ogunyale February 15, 2022

The consumer price index, which measures inflation, dropped to 15.60 percent year-on-year in January 2022.  This is 0.87 percent points lower than the rate recorded in the corresponding month in 2021 (16.47) percent and 0.03 percent recorded in December 2021. The National Bureau of Statistics which disclosed this in its Consumer Price Index report for […]Read More

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Meal For Learning (2): Market Prices Stiffen Cooking Process, Alternative For Students

Meal For Learning (2): Market Prices Stiffen Cooking Process, Alternative

TwentyTenDaily December 3, 2021

For Twentyten Daily, Abdulsemiu Monsuroh highlighted how Nigerian students are finding it difficult to adjust to the increasing food prices despite having income from their sponsors (parents/guardians). For Kabirat Arowona, a part two undergraduate of Pasture and Range Management at the Federal University of Agriculture Abeokuta(FUNAAB), cooking with Liquefied Petroleum… You must be registered to […]Read More

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Meal For Learning (1): Nigerian Students Struggle With Increasing Food Prices

Meal For Learning (1): Nigerian Students Struggle With Increasing Food

TwentyTenDaily December 1, 2021

Despite the declining inflation rate in Nigeria, the persistent increase in food prices is affecting students in different tertiary institutions across Nigeria. Faith Omoniyi, for Twentyten Daily, spoke with several students who narrated their experiences studying in Nigeria’s unfavorable economic situation. Victor Awotubo, a student of english and literary studies… You must be registered to […]Read More

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