Subsidy Removal and Naira Devaluation Drive Food Inflation to 30.64% in September
In a recent report, the National Bureau of Statistics (NBS) disclosed that food inflation in Nigeria surged to 30.64 percent ...
Tag: #inflation
Global Economic Concerns Dominate IMF and World Bank Meetings in Marrakech
The annual meetings of the International Monetary Fund (IMF) and the World Bank concluded on Saturday in Marrakech, Morocco. The ...
Germany Faces Deeper Recession, IMF Predicts No Growth for 2023
The International Monetary Fund (IMF) has revised its economic forecast for Germany, suggesting that the country is set to endure ...
Household Kerosene Prices Soar by 57.18% in August, NBS Reports
In a recent report released by the National Bureau of Statistics (NBS), it has been revealed that household kerosene (HHK) ...
Naira Faces 40% Depreciation in 2023, According to World Bank Report
The World Bank's latest Africa's Pulse report has revealed that the Nigerian Naira has experienced a nearly 40 percent depreciation ...
Naira Faces Significant Depreciation in Q3 2023, Raising Concerns Over FX Stability
The Nigerian currency, the naira, experienced a substantial depreciation in the third quarter of 2023, marking a concerning trend for ...
British Pound Faces Challenges as Worst Monthly Performance in a Year Unfolds
The British pound experienced its most challenging month against the U.S. dollar in a year during September, and experts are ...
Russian Ruble Struggles Below 100 Mark Against U.S. Dollar Amid Economic Pressures
The Russian ruble dipped below the symbolic threshold of 100 against the U.S. dollar during early trading hours on Tuesday. ...
Where Is the U.S. Dollar Headed?
The U.S. dollar has surged in recent months, gaining more than 6% relative to the currencies of other major trading ...
Gold Prices Inch Up Amidst Dollar Strength and Economic Data Anticipation
Gold prices edged slightly higher on Thursday, attempting to recover from a recent six-month low reached in the previous session. ...
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