Nigeria 's inflation rate has surged to 33.20% in March 2024, according to the latest Consumer Price Index report released by the National Bureau of Statistics . NBS on Monday said that the March 2024 headline inflation rate showed an increase of 1.50% points when compared to the February 2024 headline inflation rate. “On a… Nigeria ’s inflation rate has surged to 33.20% in March 2024, according to the latest Consumer Price Index report released by the National Bureau of Statistics .
“On a month-on-month basis, the headline inflation rate in March 2024 was 3.02%, which was 0.10% lower than the rate recorded in February 2024 . Nigeria's inflation rate has surged to 33.20% in March 2024, according to the latest Consumer Price Index report released by the National Bureau of Statistics . NBS on Monday said that the March 2024 headline inflation rate showed an increase of 1.50% points when compared to the February 2024 headline inflation rate. “On a…
Nigeria's electricity grid, operated from Osogbo in Osun State collapsed in the hour of today throwing the country into darkness amidst the increase in electricity tariff that pushed band A end-user rate to 225 kilowatt per hour . The grid went down at about 2:41 am and shut out all feeders supplying the nation's eleven…
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Nigeria's Crude Oil Production Drops to 1.23 Million Barrels per Day in March 2024The Organisation of Petroleum Exporting Countries (OPEC) reports that Nigeria's average daily crude oil production decreased to 1.23 million barrels per day (bpd) in March 2024. This marks a steady reduction in output since the beginning of the year, causing Nigeria to lose its position as Africa's largest oil producer to Libya. Algeria was the third-largest oil producer in the month under review. Click on the link for more information.
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Nigeria's Inflation Rate Expected to Rise in March 2024According to CAPE Economic Research and Consulting, Nigeria's consumer price index is projected to increase to 32.65% in March 2024, with food and core inflation expected to surge to 38.2% and 25.13% respectively.
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