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Consumer Price Index
The World Bank has effected a massive cut in its projections for Nigeria’s economic growth rate for 2018 to 2.1 percent, down from 2.5 percent and 1.9 percent for 2019, down from 2.8 percent.
A statistician, Dr Olusanya Olubusoye, has advised politicians and government at all levels against reckless fiscal spending to prevent inflation ahead of the 2019 elections.
The National Bureau of Statistics on Thursday said the country’s Consumer Price Index which measures inflation rose by 13.34 per cent (year-on-year) in March 2018.
For the twelfth consecutive month, inflation rate has continued a downward trajectory, recording a slowdown from 15.37 per cent in December 2017 to 15.13 per cent in January 2018, a 0.24 percentage points decrease.
For the tenth consecutive month, inflation rate continued a downward trajectory, recording a marginal decline from 15.91 per cent in October to 15.90 per cent in November.
The Central Bank of Nigeria, CBN, is on course to realise its target of bringing the country’s inflation rate down to single digits by next year, its governor, Godwin Emefiele, said on Wednesday.
The National Bureau of Statistics has released the Consumer Price Index report, which measures inflation, with the rate dropping year-on-year from 16.01 per cent in August to 15.98 per cent in September.
Fitch Ratings Thursday affirmed Nigeria’s long-term foreign currency Issuer Default Rating (IDR) at ‘B+’ with a “negative outlook”.
The National Bureau of Statistics on Monday released the Consumer Price Index which measures inflation, with the index dropping marginally from 16.1 per cent in June to 16.05 per cent in the month of July.
An Ikeja Magistrates’ Court on Tuesday ordered that a 36-year-old businessman, Olaleye Olatola, be remanded in Kiriliri prison, pending his sentence.
Japan’s Princess Takamado was seen by a Reuters witness in the Russian city of Saransk, where she will watch her national team compete in the soccer World Cup later on Tuesday.
The absence of an Abuja Federal High Court judge, Justice Silvanus Oriji, on Tuesday, staled the trial of former Inspector-General of Police, Sunday Ehindero, and a former police commissioner, John Obaniyi.
The Kano Police Command has denied a media report alleging that its officers shot four persons at Shoporite located in Ado Bayero Shopping Mall Kano on June 17.
Human Rights Lawyer, Dr. Sam Amadi, has warned that the way the Nigeria is presently going, it runs the risk of collapsing if it not immediately restructured.
The conduct of elections into Local Government Councils in Rivers have commenced peacefully with accreditation of voters and voting taking place simultaneously.
The Federal Government, yesterday, met with top officials of the United Kingdom, United States of America and Jersey to work out the final modalities for drawing down $500 million Abacha loot frozen by the American government.
The Lagos State police has arrested 26-year-old Chibuzor Emealo, for kidnapping and then brutally defiling a 13 year-old-girl (name withheld) from 12 am till dawn at the Orile Iganmu area.
As the 2019 elections draw near, Nigerians have been urged to use available technology to follow up on government and hold them accountable while in public service.
Lagos State Police Command has arrested a 45 year old man, Paul Achegbulu, allegedly running an illegal blood bank in Bariga area of the state.