Tag: #PriceStability
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CBN TARGETS LOWER PRICES: NEW PLAN TO TAME INFLATION TAKES SHAPE
Nigeria’s apex bank says it’s doubling down on a smarter, more transparent strategy to bring inflation under control. The Central Bank of Nigeria has reaffirmed its push toward a full inflation-targeting monetary policy, aimed at delivering long-term price stability and boosting investor confidence. Speaking at a policy session in Abuja, CBN Deputy Governor, Muhammad Abdullahi,…
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LCCI WARNS AGAINST COMPLACENCY AS INFLATION EASES SLIGHTLY
Marginal drop in inflation not a reason to relax, experts caution. The Lagos Chamber of Commerce and Industry (LCCI) has urged vigilance despite Nigeria’s inflation easing slightly from 15.10% in January to 15.06% in February. Director-General Dr Chinyere Almona warned that rising month-on-month inflation of 2.01% shows that price pressures remain strong. She highlighted food…
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NIGERIA’S FOOD PRICES SHOW SIGNS OF RELIEF, DECLINE IN SOME AREAS
Recent reports and market surveys across Nigeria indicate that food prices are beginning to decline in certain regions, providing some relief to households amidst ongoing inflation challenges. This trend is driven by increased supply from recent harvests and government measures aimed at stabilizing prices. In Kaduna, traders and consumers observed a slight drop in the…
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LPG USERS, RETAILERS URGE FG TO ENSURE STEADY SUPPLY AND PRICE STABILITY
Consumers and retailers of Liquefied Petroleum Gas (LPG), or cooking gas, are calling on the Federal Government to secure consistent availability and stable prices following recent hikes linked to the Dangote Refinery strike. Speaking to NAN in Abuja, users acknowledged that queues and shortages are easing but stressed government action is needed to fully restore…
