Browsing: Inflation

The governor of the Central Bank of Nigeria, Olayemi Cardoso, has said that the members of the Monetary Policy Committee would do whatever is necessary to get a handle on the country’s persistent inflation. The CBN’s hawkish stance on inflation had become obvious from the first MPC meeting held in February, when the committee raised […]

The Federal Government has assured Nigerians that the introduction of Compressed Natural Gas buses as part of the Presidential CNG Initiative will significantly reduce transportation costs. The government also assured all that it would ultimately contribute to the control of the inflation rate. The Finance Minister and Coordinating Minister of the Economy, Wale Edun, gave […]

The Federal Government has announced plans to pin down Ways and Means advances to address the issue of excessive money in the system and fight inflation. The Minister of Finance and Co-ordinating Minister of the Economy, Wale Edun, made this announcement in Washington DC after meeting with investors during the ongoing spring meetings of the […]

Global warming and heatwaves are projected to additionally raise food prices and overall inflation globally in the future, as per new research by scientists and the European Central Bank. A study published in the Journal Communications Earth and Environment on Thursday stated that the effects will differ but be felt everywhere, especially in developing countries.