14 articles tagged with “Inflation”
President Bola Tinubu has signed an executive order mandating direct payment of oil and gas revenues into the Federation Account, a move the Revenue Mobilisation Allocation and Fiscal Commission says will curb leakages and boost government coffers.
Federal Government seeks phased disbursement mechanisms as petroleum sector restructuring drives substantial increases in state allocations, citing inflation and macroeconomic stability concerns.
A structural crisis grips Nigeria's economy as millions of employed citizens struggle to afford basic food, exposing deep flaws in purchasing power and wage adequacy despite apparent economic activity.
Gold prices remained range-bound in thin trading volumes as markets awaited critical US PCE inflation data, while Kenyan authorities charged a Nairobi forex trader in a Sh32 million fraud scheme involving claims of processing 495kg of gold for export.
Consumer spending activity decelerated sharply in December, with retail sales growing at their slowest pace since August, signaling potential headwinds for Zimbabwe's economic recovery despite a robust November performance.
Business chambers LCCI and CPPE identify transition from acceleration to disinflation in Nigeria's January inflation figures, though both organizations emphasize price stability remains elusive amid ongoing monetary policy challenges.
As Nigerian states grapple with varying inflation pressures and UK manufacturers buckle under energy bills, the global cost-of-living crisis reveals itself as fundamentally an energy story—one that determines where people can afford to build their lives.
Nigeria's headline inflation rate declined to 15.10% in January 2026 from 15.15% in December 2025, marking a modest deceleration driven by lower food, fuel, and cooking gas prices, according to the National Bureau of Statistics.
Multiple African economies are implementing monetary easing policies as inflation pressures subside, with Zimbabwe achieving sub-10% inflation for the first time in nearly three decades while Nigeria reports sharp food price deceleration.
Nigeria's headline inflation declined marginally to 15.10% in January 2026 from 15.15% in December, while survey data reveals strong public pressure on the Central Bank to lower lending rates at next week's policy meeting.
January's unexpected decline in inflation has intensified pressure on the Central Bank of Nigeria to pivot toward monetary easing, though economists caution that structural vulnerabilities could complicate the policy shift.
January's unexpected drop in inflation to 15.10% has ignited speculation about monetary policy easing, though economists remain divided on whether the Central Bank of Nigeria should act swiftly or maintain its cautious stance.
Nigeria's headline inflation declined marginally to 15.10% in January 2026 from 15.15% in December, while survey data reveals strong public support for monetary easing as the Central Bank prepares for its next policy decision.
Nigeria's agricultural sector faces mounting pressure from escalating farm input costs while industrial giants like Dangote Group deploy hundreds of millions in infrastructure investments, highlighting the divergent trajectories within Africa's largest economy.