It’s a known fact that, back in the days, there is always a big gap between the rural and urban inflation rate, but that is not the case in recent times. The rural areas have seen a very close gap in inflation rate between them and urban dwellers. This is[Read More…]
Tag: inflation
Nigeria’s Food Inflation Worsens, Hits 19.56%: Data Office
Nigeria’s inflation rate rose to 15.75 percent in December 2020, a 0.86 percent increase from 14.89 percent in November, the National Bureau of Statistics (NBS) said Friday morning in its monthly inflation report. The statistics office disclosed that food inflation surged to 19.56 percent last month, representing a 1.26 percent[Read More…]
CBN raises Cash Reserve Ratio to 27.5%
The Central Bank of Nigeria has raised the Cash Reserve Ratio from 22.5 per cent to 27.5 per cent. Briefing the press after the first Monetary Policy Committee (MPC) meeting in 2020 held in Abuja, the CBN Governor, Mr Godwin Emefiele, said that all other parameters were retained. Accordingly, the[Read More…]
Consumer TV
FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]