x

Nigeria’s inflation hits 14.89%, driven by soaring food prices

Nigeria’s inflation rose for the 15th month in a row in November, touching a more than two-year high amid spiraling food prices fueled by land border closure and fall in the exchange rate of the naira, data from the National Bureau of Statistics (NBS) showed on Tuesday.

A separate index, measuring food inflation, rose sharply by 18.30% relative to 17.38 per cent the month before.

Inflation, which measures the cost of living, climbed to 14.89 per cent, compared with the 14.21% reported for Octobe

Hot this week

Agribusiness revolution key to Nigeria’s economic recovery- Lawmaker

By Ogenyi Ogenyi,UyoA member of the Akwa Ibom Assembly,...

KADMAM-CSO Urges Transparent Use, Community Monitoring of N32.9bn Basic Health Care Fund

By Achadu Gabriel, KadunaThe Maternal Accountability Mechanism in Kaduna...

Police dismantle illegal firearms factory in A’ibom

By Ogenyi Ogenyi,UyoAn illegal firearms fabrication factory located in...

Hazras Charity Foundation Concludes Educational Kits Distribution in Kano, Expands to Jigawa State

By Jabiru HassanThe Hazras Charity Foundation, a delivery partner...

Gov. Ododo Pledges Full Support for North-Central Nigeria Prays Rally in Kogi

By Noah Ocheni, LokojaKogi State Governor, Ahmed Usman Ododo,...

North-Central APC Forum Backs Mutfwang, Rejects Plateau APC Leaders’ Move to Block Defection

By Israel Adamu, JosThe North-Central All Progressives Congress (APC)...

Nasarawa Farmers Triple Rice Yields with Climate-Smart Farming Innovations

By Abel Zwanke, LafiaFarmers in Nasarawa State have recorded...

Ex-Liverpool Star Explains Why Arsenal Won’t Win the Premier League This Season

Arsenal’s blistering start to the season has reignited hopes...

Ruben Amorim’s Tactical Shift Could Earn Manchester United £24 Million

Ruben Amorim’s bold decision to deploy a striker-less formation...

NGO Trains Plateau Judges, Security Operatives on Enforcement of Child Rights Law 2005

By Israel Adamu, JosThe Child Protection Network (CPN), Plateau...

CACOL Commends Federal Government for Removing Nigeria from FATF Grey List

By Jabiru HassanThe Centre for Anti-Corruption and Open Leadership...

North-Central APC Forum Backs Mutfwang, Rejects Plateau APC Leaders’ Resolution

By Israel Adamu, JosThe North-Central All Progressives Congress (APC)...

Related Articles

Popular Categories

spot_imgspot_img