• About Us
  • Terms & Conditions
  • Contact Us
Friday, December 8, 2023
Investogist
No Result
View All Result
  • Home
  • News
    • All
    • Africa
    • Nigeria
    • World
    FIRS, JTB begin ‘full scale enforcement’ on tax defaulters

    FIRS waives penalties for tax defaulters, gives December deadline

    JUST IN: Diesel tanker explodes in Lagos

    JUST IN: Diesel tanker explodes in Lagos

    5 burnt to death,  11 wounded in Akwa Ibom auto crash

    5 burnt to death, 11 wounded in Akwa Ibom auto crash

    Appeal Court upholds Alex Otti’s victory as Abia governor

    Appeal Court upholds Alex Otti’s victory as Abia governor

    Nigerian Air Force Helicopter crash-lands in Port Harcourt

    Nigerian Air Force Helicopter crash-lands in Port Harcourt

    We did not ban ‘Ghana Must Go’ bags at airports – FAAN

    We did not ban ‘Ghana Must Go’ bags at airports – FAAN

    ‘Ghana Must Go’ bags banned at airports – FAAN

    ‘Ghana Must Go’ bags banned at airports – FAAN

    Abia Gov Alex Otti swears in 17 ‘selected’ Transition Council Chairmen/Mayors

    Abia Gov Alex Otti swears in 17 ‘selected’ Transition Council Chairmen/Mayors

    List of #ENDSARS panel’s 32 recommendations and Lagos State Govt’s response

    Lagos govt to arrest and prosecute anyone that closes roads for parties, social events

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Details of the N27.5 trillion 2024 Budget presented by Tinubu

    Details of the N27.5 trillion 2024 Budget presented by Tinubu

    FIRS, JTB begin ‘full scale enforcement’ on tax defaulters

    FIRS waives penalties for tax defaulters, gives December deadline

    FG opens application for 4IR technologies, where to apply

    FG opens application for 4IR technologies, where to apply

    JUST IN: Tinubu signs Student Loan bill into law

    FULL TEXT: Tinubu’s speech on the N27.5 trillion 2024 budget

    Full text of CBN Governor Yemi Cardoso’s keynote address at CIBN dinner

    Full text of CBN Governor Yemi Cardoso’s keynote address at CIBN dinner

    83 students on Federal Government scholarship depart for Morocco

    83 students on Federal Government scholarship depart for Morocco

    CBN Governor to unveil Bank’s Monetary Policy Trust and Economic Outlook for 2024

    CBN Governor to unveil Bank’s Monetary Policy Trust and Economic Outlook for 2024

    FG launches Startup Support, how to apply

    FG launches Startup Support, how to apply

    Lekki Deep Sea Port receives first transshipment vessel

    FG plans to re-establish National Shipping Line, Maritime workers reject plan

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    FG lists 4 border points in Ukraine Nigerians can cross to safety

    Beta Glass Plc announces change of Registrar

    Norwegian Energy company Equinor sells its Nigerian business

    Norwegian Energy company Equinor sells its Nigerian business

    Guinness Nigeria Plc: Adebayo Alli takes over as Managing Director

    Guinness Nigeria Plc: Adebayo Alli takes over as Managing Director

    JUST IN: NCAA suspends all United Nigeria Airlines’ wet-leased aircrafts

    JUST IN: NCAA suspends all United Nigeria Airlines’ wet-leased aircrafts

    Any refinery with more than 50,000 barrels per day capacity must sell minority share to NNPC – Muhammadu Buhari

    First cargo of crude oil to be ready for refining in December – Aliko Dangote

    Board of Directors of Guinness Nigeria Plc to hold extra-ordinary meeting

    Board of Directors of Guinness Nigeria Plc to hold extra-ordinary meeting

    MTN Nigeria Communications Plc announces Board Meeting and close period for Q1 2021

    MTN Nigeria to issue N72.1 billion series 10 commercial paper

    Access Holdings Plc announces death of Chairman

    Access Holdings Plc announces death of Chairman

    Binance users pull over US$1 billion from the crypto exchange

    Binance users pull over US$1 billion from the crypto exchange

    • Companies
    • Industry
    • Technology
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

    The Local Equities Market Closed Red, Declines by 49bps as banking stocks reverse gains

    How to recover unclaimed dividends in Nigeria

    PZ Cussons Nigeria publishes over 61,000 names of Shareholders with unclaimed dividend

    Again DMO offers N360 billion FGN bond for February

    FGN savings bond for December opens for subscription

    Nigeria’s GDP grows 5.01% YoY in real terms in Q2 2021

    The NGX- ASI Increased by 78bps as banking stocks top gainers table

    Bitcoin soars above $21,000 as U.S. dollar sags

    Bitcoin rises above $41,000 on renewed interest

    Seplat Energy gains 120% in one year

    Seplat Energy gains 120% in one year

    Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

    Market Report: The NGX- ASI declined by 44bps

    Nigeria’s GDP grows 5.01% YoY in real terms in Q2 2021

    The NGX- ASI increased by 7bps, as BETAGLASS gains 10%

    MTN Nigeria to pay over N200 billion final dividend for 2022

    List of Dividends announced in 2023, qualification and payment dates

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    North-West, South-West lead as INEC registers 96.2 million, Rivers overtakes Katsina

    ELECTION: How to check your polling unit, code online

    4 things to consider before buying a laptop

    4 things to consider before buying a laptop

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies
  • Home
  • News
    • All
    • Africa
    • Nigeria
    • World
    FIRS, JTB begin ‘full scale enforcement’ on tax defaulters

    FIRS waives penalties for tax defaulters, gives December deadline

    JUST IN: Diesel tanker explodes in Lagos

    JUST IN: Diesel tanker explodes in Lagos

    5 burnt to death,  11 wounded in Akwa Ibom auto crash

    5 burnt to death, 11 wounded in Akwa Ibom auto crash

    Appeal Court upholds Alex Otti’s victory as Abia governor

    Appeal Court upholds Alex Otti’s victory as Abia governor

    Nigerian Air Force Helicopter crash-lands in Port Harcourt

    Nigerian Air Force Helicopter crash-lands in Port Harcourt

    We did not ban ‘Ghana Must Go’ bags at airports – FAAN

    We did not ban ‘Ghana Must Go’ bags at airports – FAAN

    ‘Ghana Must Go’ bags banned at airports – FAAN

    ‘Ghana Must Go’ bags banned at airports – FAAN

    Abia Gov Alex Otti swears in 17 ‘selected’ Transition Council Chairmen/Mayors

    Abia Gov Alex Otti swears in 17 ‘selected’ Transition Council Chairmen/Mayors

    List of #ENDSARS panel’s 32 recommendations and Lagos State Govt’s response

    Lagos govt to arrest and prosecute anyone that closes roads for parties, social events

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Details of the N27.5 trillion 2024 Budget presented by Tinubu

    Details of the N27.5 trillion 2024 Budget presented by Tinubu

    FIRS, JTB begin ‘full scale enforcement’ on tax defaulters

    FIRS waives penalties for tax defaulters, gives December deadline

    FG opens application for 4IR technologies, where to apply

    FG opens application for 4IR technologies, where to apply

    JUST IN: Tinubu signs Student Loan bill into law

    FULL TEXT: Tinubu’s speech on the N27.5 trillion 2024 budget

    Full text of CBN Governor Yemi Cardoso’s keynote address at CIBN dinner

    Full text of CBN Governor Yemi Cardoso’s keynote address at CIBN dinner

    83 students on Federal Government scholarship depart for Morocco

    83 students on Federal Government scholarship depart for Morocco

    CBN Governor to unveil Bank’s Monetary Policy Trust and Economic Outlook for 2024

    CBN Governor to unveil Bank’s Monetary Policy Trust and Economic Outlook for 2024

    FG launches Startup Support, how to apply

    FG launches Startup Support, how to apply

    Lekki Deep Sea Port receives first transshipment vessel

    FG plans to re-establish National Shipping Line, Maritime workers reject plan

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    FG lists 4 border points in Ukraine Nigerians can cross to safety

    Beta Glass Plc announces change of Registrar

    Norwegian Energy company Equinor sells its Nigerian business

    Norwegian Energy company Equinor sells its Nigerian business

    Guinness Nigeria Plc: Adebayo Alli takes over as Managing Director

    Guinness Nigeria Plc: Adebayo Alli takes over as Managing Director

    JUST IN: NCAA suspends all United Nigeria Airlines’ wet-leased aircrafts

    JUST IN: NCAA suspends all United Nigeria Airlines’ wet-leased aircrafts

    Any refinery with more than 50,000 barrels per day capacity must sell minority share to NNPC – Muhammadu Buhari

    First cargo of crude oil to be ready for refining in December – Aliko Dangote

    Board of Directors of Guinness Nigeria Plc to hold extra-ordinary meeting

    Board of Directors of Guinness Nigeria Plc to hold extra-ordinary meeting

    MTN Nigeria Communications Plc announces Board Meeting and close period for Q1 2021

    MTN Nigeria to issue N72.1 billion series 10 commercial paper

    Access Holdings Plc announces death of Chairman

    Access Holdings Plc announces death of Chairman

    Binance users pull over US$1 billion from the crypto exchange

    Binance users pull over US$1 billion from the crypto exchange

    • Companies
    • Industry
    • Technology
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

    The Local Equities Market Closed Red, Declines by 49bps as banking stocks reverse gains

    How to recover unclaimed dividends in Nigeria

    PZ Cussons Nigeria publishes over 61,000 names of Shareholders with unclaimed dividend

    Again DMO offers N360 billion FGN bond for February

    FGN savings bond for December opens for subscription

    Nigeria’s GDP grows 5.01% YoY in real terms in Q2 2021

    The NGX- ASI Increased by 78bps as banking stocks top gainers table

    Bitcoin soars above $21,000 as U.S. dollar sags

    Bitcoin rises above $41,000 on renewed interest

    Seplat Energy gains 120% in one year

    Seplat Energy gains 120% in one year

    Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

    Market Report: The NGX- ASI declined by 44bps

    Nigeria’s GDP grows 5.01% YoY in real terms in Q2 2021

    The NGX- ASI increased by 7bps, as BETAGLASS gains 10%

    MTN Nigeria to pay over N200 billion final dividend for 2022

    List of Dividends announced in 2023, qualification and payment dates

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    North-West, South-West lead as INEC registers 96.2 million, Rivers overtakes Katsina

    ELECTION: How to check your polling unit, code online

    4 things to consider before buying a laptop

    4 things to consider before buying a laptop

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies
No Result
View All Result
Investogist
No Result
View All Result
Home Economy Economic Data

Nigerian Inflation rises to 15.63%, after months of steady decline

Monday, 17 January 2022, 6:31 pm
in Economic Data, Economy
0
Nigeria’s Inflation rate in April at 18.12%, lower than 18.17% recorded in March
Share Share Share Share Send as Email

The National Bureau of Statistics (NBS) on Monday announced the December 2021 inflation figures, reporting a 15.63% rise in inflation. This is a rise from the15.40% reported in November of the same year.

The Statistician-General of the Federation, Simon Harry while briefing the media at the NBS Abuja office, said that the rate is 0.13% points lower than the rate recorded in December 2020 (15.75%).

Despite the slow down in inflation on a year-to-year basis, the data shows an increase on a month-to-month basis.

December figures shows that the headline inflation rose by 1.82% in December 2021.

Having hit 18.17% in April, the inflation figures has been on a decline since then until today’s data.

Speaking at the briefing, Harry said;

“However, it may interest you to note that this trend has been broken by the slight change in the month of December, 2021 as the inflation rate for all items for the month increased to 15.63 per cent, year-on-year.

“Although, this is a decline when compared to the corresponding month in 2020 which recorded 15.75 per cent.

“This trend clearly shows an increase from 15.40 per cent recorded in the month of November, 2021 to 15.63% in December, 2021.”

“This is 0.23 per cent points higher than the rate recorded in November, 2021.

He added that the change in the declining trend might have been caused by the increase in prices of goods and services driven by increased demand during the month under review, being a festive season.

The NBS said food inflation, which is the composite food index, rose by 17.37 per cent in December 2021, down by 2.19 per cent points when compared to 19.56 per cent in December 2020.

According to the NBS, this rise in the food index was caused by increases in prices of bread and cereals, food products, meat, fish, potatoes, yam and other tubers, soft drinks and fruits.

It added that on a month-on-month basis, the food sub-index increased by 2.19 per cent in December 2021, up by 1.12 per cent points from 1.07 per cent recorded in November 2021.

Inflation is the decline of purchasing power of a given currency over time.

Nnamdi Maduakor
Nnamdi Maduakor

Nnamdi Maduakor is a Writer, Investor and Entrepreneur

Related Posts:

  • inflation a
    Inflation rises for 10th Consecutive time to hit 27…
  • Osibanjo
    Inflation Hits 23 Months High in Nigeria
  • Inflation
    Nigeria's inflation rises above 21% in October
  • conoil
    Nine months 2020: Conoil Plc suffers 35% decline in…
Previous Post

Share allotment has not started – MTN Nigeria Comm. Plc

Next Post

NGX Equities Market Report: A negative start to the week as BUAFOODS suffers first price decline

Next Post
Nigerian Exchange Daily Market Report: Airtel loses drag down market by 1.7%

NGX Equities Market Report: A negative start to the week as BUAFOODS suffers first price decline

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
MTN Nigeria to pay over N200 billion final dividend for 2022

List of Dividends announced in 2023, qualification and payment dates

How to recover unclaimed dividends in Nigeria

PZ Cussons Nigeria publishes over 61,000 names of Shareholders with unclaimed dividend

Again DMO offers N360 billion FGN bond for February

FGN savings bond for December opens for subscription

UPDATED: Nigerian Lady falls to death with Infant Child in Bahrain

UPDATED: Nigerian Lady falls to death with Infant Child in Bahrain

Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

The Local Equities Market Closed Red, Declines by 49bps as banking stocks reverse gains

How to recover unclaimed dividends in Nigeria

PZ Cussons Nigeria publishes over 61,000 names of Shareholders with unclaimed dividend

Again DMO offers N360 billion FGN bond for February

FGN savings bond for December opens for subscription

Nigeria’s GDP grows 5.01% YoY in real terms in Q2 2021

The NGX- ASI Increased by 78bps as banking stocks top gainers table

Investogist
info@investogist.com

Follow us

Categories

  • Africa
  • Agriculture
  • Arts & Entertainment
  • Budgets
  • Business
  • Columnists
  • Commodities
  • Companies
  • Cryptocurrencies
  • Economic Data
  • Economy
  • Editorials
  • Financial Education
  • Football
  • Forex
  • Industry
  • Investogist Business Saturday
  • Job Opportunities
  • Markets
  • Nature
  • News
  • Nigeria
  • Op-ed
  • Opinion & Analysis
  • Places & People
  • Policies
  • Rates & Bonds
  • Sports
  • Stocks/Equities
  • Technology
  • Travel & Tours
  • Vacancies
  • World

Quick Links

  • News
  • Economy
  • Markets
  • Business
  • Opinion & Analysis
  • Travel & Tours

Newsletter

Copyright © 2023 investogist.com, All Rights Reserved

  • About Us
  • Terms & Conditions
  • Privacy Policy
  • Contact Us
No Result
View All Result
  • Home
  • News
    • Nigeria
    • Africa
    • World
  • Economy
    • Policies
    • Budgets
    • Economic Data
  • Business
    • Companies
    • Industry
    • Technology
  • Markets
    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies

Copyright © 2023 investogist.com, All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist