• Contact Us
  • About Us
Saturday, August 15, 2026
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home Economy

Nigerian inflation slowed for 11th month in Dec, stats chief says

metro by metro
January 16, 2018
in Economy
0
CBN
0
SHARES
0
VIEWS

Annual inflation in Nigeria slowed for the 11th month in a row in December, to 15.37 percent from 15.90 percent a month before, the head of the National Bureau of Statistics (NBS) said in a tweet on Tuesday.

Yemi Kale also said on his personal Twitter account that a separate food price index showed inflation at 19.42 percent in December, down from 20.30 percent in November.

Read Also

ICPC Uncovers N24bn Ghost Workers Scandal, Official Puts 14 Family Members On Government Payroll

ECOWAS Targets $294bn Climate Finance Gap, Moves To Unlock West Africa’s Carbon Market

Amid Rising Revenue FCT, Lagos, Rivers Aaccount For 43% Of Nigeria’s N4.52trn States’ Debt

In October, Central Bank Governor Godwin Emefiele said he expected inflation rates to fall at a faster pace and reach the high single-digits by the middle of 2018.

The bank has kept its main interest rate at 14 percent for over a year now as it battles inflation and seeks to attract foreign investors to support the naira currency.

The government wants to see rates come down to lower its borrowing costs and stimulate the economy.

The West African nation emerged from its first recession in 25 years in the second quarter of 2017 as oil revenues rose, although the slow pace of growth suggests the recovery remains fragile.

Tags: Nigerian inflation
Previous Post

CBN injects $210 mln into currency market

Next Post

Court keeps ex-President Jonathan’s physician waiting

Related Posts

ICPC Arrests NSCDC Deputy Commaandant Over Alleged N3bn Fraud
Economy

ICPC Uncovers N24bn Ghost Workers Scandal, Official Puts 14 Family Members On Government Payroll

August 13, 2026
Leadership Deficit And Political Crises Rocking ECOWAS Region
Economy

ECOWAS Targets $294bn Climate Finance Gap, Moves To Unlock West Africa’s Carbon Market

August 12, 2026
Debt Crisis Hits New Highs In Developing Nations, Relief Deal Needed, Says UN
Economy

Amid Rising Revenue FCT, Lagos, Rivers Aaccount For 43% Of Nigeria’s N4.52trn States’ Debt

August 10, 2026
Ahead Of Agreed Minimum Wage, President Tinubu To Send Bill To NASS, Takeaways From Anniversary Broadcast
Economy

Oyedele Justifies Nigeria’s Reforms Amid Worsening Living Conditions, Says Subsidy Savings Absorbed By Debt Costs, Higher Spending

July 30, 2026
Next Post

Court keeps ex-President Jonathan’s physician waiting

ICPC Arrests NSCDC Deputy Commaandant Over Alleged N3bn Fraud

ICPC Uncovers N24bn Ghost Workers Scandal, Official Puts 14 Family Members On Government Payroll

August 13, 2026

Cholera spreads across borders in West and Central Africa

August 13, 2026
Erling Haaland Stickers Found On Cocaine Haul Seized By Ecuador Police

Erling Haaland Stickers Found On Cocaine Haul Seized By Ecuador Police

August 13, 2026
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version