Presidential Aspirant Kingsley-Moghalu

N18,000 is poverty wage — but above N30,000 will create massive inflation – Moghalu

Kingsley Moghalu, presidential candidate of the Young Progressives Party (YPP), says there will be “massive” inflation if a minimum wage of over N30,000 is approved. Organised labour is agitating for an increment of the present N18,000 minimum wage to N30,000, and a proposal to the effect has been submitted to President Muhammadu Buhari. Commenting on the development […]

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inflation

Nigeria’s inflation rises to 1.24% in June

The rate at which the prices of good and services are increasing is on the rise, the National Bureau of Statistics says. NBS, in a data made available on Monday showed that month-on-month inflation rose from 1.09 percentage points in May to 1.24 percentage points in June. However, year-on-year inflation slowed from 11.61 percentage points […]

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inflation

Nigeria’s inflation drops to 11.61%

Nigeria’s inflation has dropped to 11.61% in May, a figure that is already below the federal government’s projection of 12.42% set in the 2018-2020 Medium Term Expenditure Framework and Fiscal Strategy Paper. This is the 16th straight month of decline in inflation. Food inflation declined to 13.45% from 14.80% in April. According to the Consumer […]

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inflation

Inflation rate drops further in April

The National Bureau of Statistics, NBS, has released a report on the Consumer Price Index (CPI) for April, 2018. According to this report, inflation increased by 12.48 percent (year-on-year) in April 2018, this is 0.86 percent points less than the rate recorded in March 2018 (13.34) percent and represents the fifteenth consecutive disinflation since January […]

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