Nigeria’s Inflation Declines For 14th Consecutive Month - Business - Nairaland
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| Nigeria’s Inflation Declines For 14th Consecutive Month by Truth234(m): 3:44am On Apr 13, 2018 |
Consumer prices in Africa’s largest economy Nigeria moderated for a 14th consecutive month in March, the National Bureau of Statistics (NBS) reported on Thursday. The Consumer Price Index, which measures inflation rate improved to 13.34 percent in the month of March, a 0.99 percent less than the 14.33 percent filed in February. Making it the lowest inflation rate since OPEC and non-OPEC agreed to cap production for the first time in almost a decade in November 2016. Also, Food gauge that has been on the rise for the most part of 2017 moderated to 16.08 percent year-on-year in March, down from the 17.59 percent recorded in February. The figure shows economic improvements have started filtering through key sectors as more businesses now have access to foreign exchange at an affordable rate. On a monthly basis, the inflation rate surged 0.83 percent in the month, 0.05 percent higher than the rate recorded in February. Mr. Godwin Emefiele, the governor of the Central Bank of Nigeria said during the last Monetary Policy Committee meeting held in Abuja that the apex bank left interest rate unchanged at 14 percent to better strengthen the impact of monetary policy on inflation. The governor argued that adjusting current monetary policy rate may pressure the naira against the U.S. dollar and hurt current progress in consumer prices. The nation plunged into economic recession for the first time in 25 years in 2016 after global oil glut eroded 70 percent of its foreign revenue. http://investorsking.com/nigerias-inflation-declines-14th-consecutive-month/ 2 Likes |
| Re: Nigeria’s Inflation Declines For 14th Consecutive Month by GavelSlam: 4:07am On Apr 13, 2018 |
Up Buhari. Up Emefiele. Up Adeosun. Up Nigeria. 50 Likes 6 Shares |
| Re: Nigeria’s Inflation Declines For 14th Consecutive Month by GraGra247(m): 4:24am On Apr 13, 2018 |
Inflation has declined for the APC looters. In the "real" Nigerian economy rise in price of goods and services has gone thermonuclear. [Typo fixed.] 19 Likes 5 Shares |
| Re: Nigeria’s Inflation Declines For 14th Consecutive Month by GavelSlam: 4:39am On Apr 13, 2018 |
GraGra247: Go school you no gree go.You go come dey disgrace yourself online. 37 Likes 2 Shares |
| Re: Nigeria’s Inflation Declines For 14th Consecutive Month by seguno2: 5:57am On Apr 13, 2018 |
Truth234: Foreign exchange affordable at N365 compared to N190, which Buhari and APC said was unacceptable in 2015? Inflation continues to grow albeit at a lower rate hence food, fuel etc remain more costly as the pauperisation of Nigerians deteriorates under Buhari and APC. Buhari is a monumental error of gargantuan proportions that must be corrected in 2019. 13 Likes 3 Shares |
| Re: Nigeria’s Inflation Declines For 14th Consecutive Month by GavelSlam: 7:22am On Apr 13, 2018 |
seguno2: Don't tell me you think squandering of over 30billion dollars whilst selling oil at a value never before witnessed is no excuse for the sliding of the Naira. It would be a travesty if you thought it means nothing. 20 Likes 1 Share |
| Re: Nigeria’s Inflation Declines For 14th Consecutive Month by Amoto94(m): 7:37am On Apr 13, 2018 |
Good or bad news? |
| Re: Nigeria’s Inflation Declines For 14th Consecutive Month by seguno2: 8:27am On Apr 13, 2018 |
GavelSlam: Where/When/How was the $30 billion squandered  10 Likes 1 Share |
| Re: Nigeria’s Inflation Declines For 14th Consecutive Month by seguno2: 8:31am On Apr 13, 2018 |
Amoto94: Terrible news. Inflation is still growing at a lower rate than previous month. 1 Like |
| Re: Nigeria’s Inflation Declines For 14th Consecutive Month by Tunndeh(m): 8:32am On Apr 13, 2018 |
May God help |
| Re: Nigeria’s Inflation Declines For 14th Consecutive Month by Fesomu(m): 8:32am On Apr 13, 2018 |
Well I bought a bag of rice for 11,500 yesterday.. I know some Igbos here will claim they bought theirs 20k. Awon omo ale Nigeria 21 Likes 2 Shares |
| Re: Nigeria’s Inflation Declines For 14th Consecutive Month by Nobody: 8:33am On Apr 13, 2018 |
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| Re: Nigeria’s Inflation Declines For 14th Consecutive Month by straighttalk(m): 8:34am On Apr 13, 2018 |
Bad News |
| Re: Nigeria’s Inflation Declines For 14th Consecutive Month by lastempero: 8:35am On Apr 13, 2018 |
Who else is feeling the impact? |
| Re: Nigeria’s Inflation Declines For 14th Consecutive Month by SillyMods: 8:36am On Apr 13, 2018 |
We have definitely passed the worst stage brought about by the senseless squandering of our resources by GEJ and his gang of looters. Now is for us to allow PMB put us on the right path and leave behind a very solid economy to a worthy successor. 18 Likes 3 Shares |
| Re: Nigeria’s Inflation Declines For 14th Consecutive Month by Primusinterpares(m): 8:36am On Apr 13, 2018 |
Are they talking of Nigeria or Another country we know not... Seams more like a paper data to me... i don't know about you o... but let's call a spade a spade... things ain't funny at all in this country |
| Re: Nigeria’s Inflation Declines For 14th Consecutive Month by Truth234(m): 8:36am On Apr 13, 2018 |
Amoto94: Good news, but we need the interest rate to be adjusted. The current 14 percent is too high and it won't hurt inflation rate as stated by the CBN, CBN is only using it to attract FDI to fixed income market, while aggressively saving foreign revenue from oil to up foreign reserves (campaign strategy). 3 Likes 3 Shares |
| Re: Nigeria’s Inflation Declines For 14th Consecutive Month by Coldfeets: 8:37am On Apr 13, 2018 |
GavelSlam: Up wailers too... for keeping buhari and co. on his toes. 3 Likes 2 Shares |
| Re: Nigeria’s Inflation Declines For 14th Consecutive Month by SillyMods: 8:37am On Apr 13, 2018 |
straighttalk:For Igbos and supporters of looting and corruption 7 Likes 2 Shares |
| Re: Nigeria’s Inflation Declines For 14th Consecutive Month by don4real18(m): 8:37am On Apr 13, 2018 |
In other news, anyone who knows Ambode should tell him that I'm disappointed with his administration. Trailers and trucks are parked everywhere... You can't move freely with a bike talk more of a car. Instead of building more structures, he should plant more trees or am I the only one noticing that the air is getting stiff due to more impurities than oxygen. I hope we don't get to be like New York in that aspect. He has also increased land use tax when he knows that the cost of Living in Lagos State is really high and have just gotten higher with respect to accommodation. 1 Like 2 Shares |
| Re: Nigeria’s Inflation Declines For 14th Consecutive Month by SalamRushdie: 8:38am On Apr 13, 2018 |
There is no proof in real time that inflationary rates are on a downward path , the figures that the NBS are toying with can best be described as imaginary and deceptive . The truth is that rate of inflationary climb has slowed but to say there is a fall is disrespectful deception. 1 Like 2 Shares |
| Re: Nigeria’s Inflation Declines For 14th Consecutive Month by Temple1288(m): 8:40am On Apr 13, 2018 |
Wonderful! Elections re near. Politicians are illnesses to Nigeria. Until they re all dead, Nigeria will continue to struggle. |
| Re: Nigeria’s Inflation Declines For 14th Consecutive Month by Realdeals(m): 8:40am On Apr 13, 2018 |
Good, anyone thinking that Naira will go below N300 to $1 at this time is in delusion, the high exchange rate is one of the reason for the increase in local production. People should ask themselves why prices of food and other consumables are reducing and $ exchange rate remain unchanged. |
| Re: Nigeria’s Inflation Declines For 14th Consecutive Month by Stonerobaba(m): 8:40am On Apr 13, 2018 |
The manifestation of the inflation decline is not really visible to majority of Nigerians. We need short terms monetary and fiscal policies that will tackle unemployment and reduce hunger and starvation. |
| Re: Nigeria’s Inflation Declines For 14th Consecutive Month by SillyMods: 8:40am On Apr 13, 2018 |
Truth234:You're right. Double digit interest rate is not good for the economy. But your alluding shoring up of FR for campaign strategy doesn't make any sense at all. 2 Likes |
| Re: Nigeria’s Inflation Declines For 14th Consecutive Month by bishopkay: 8:41am On Apr 13, 2018 |
Paper statistics! They keep reeling out stats that are incommensurate with the everyday lives of common Nigerians! Has a bag of rice dropped in price? Has a modu of beans dropped in price? These are what we want to hear not rolling out backyard dirty stats to massage the balls of their zombies! |
| Re: Nigeria’s Inflation Declines For 14th Consecutive Month by Nigeman: 8:42am On Apr 13, 2018 |
seguno2: Is it lower or higher? Illeterate 2 Likes |
| Re: Nigeria’s Inflation Declines For 14th Consecutive Month by donb06: 8:43am On Apr 13, 2018 |
Fesomu:oga mi for where u buy am abeg mk I go there go buy because my own go soon finish I no get 18500 to buy oo 1 Like |
| Re: Nigeria’s Inflation Declines For 14th Consecutive Month by Nobody: 8:43am On Apr 13, 2018 |
GraGra247:what of the beans in price of goods? |
| Re: Nigeria’s Inflation Declines For 14th Consecutive Month by SalamRushdie: 8:44am On Apr 13, 2018 |
GavelSlam: Up sycophancy !!!! 2 Likes |
| Re: Nigeria’s Inflation Declines For 14th Consecutive Month by Nobody: 8:44am On Apr 13, 2018 |
Big lie!Why is fuel price still ₦145 per litre as against the previous ₦87 that it was sold? GavelSlam: 1 Like |
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