• About Us
  • Terms & Conditions
  • Contact Us
Saturday, May 21, 2022
Investogist
No Result
View All Result
  • Home
  • News
    • All
    • Africa
    • Nigeria
    • World
    FCT Minister orders closure of Dei-Dei Market

    FCT Minister orders closure of Dei-Dei Market

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

    MTN Nigeria’s MoMo PSB Limited commences operation

    COVID-19: FG issues revised protocol for international travel into Nigeria

    Lagos airport international wing shut temporarily

    EFCC arrests Nigeria’s Accountant-General over N80bn fraud

    N80bn fraud: Nigerian government suspends Accountant-General

    Italy’s Eni starts process to open rubble account with Russia’s Gazprom

    Italy’s Eni starts process to open rubble account with Russia’s Gazprom

    Banks begin to charge taxes on bonds, T-bills as exemption expires

    Banks begin to charge taxes on bonds, T-bills as exemption expires

    Secession: Presidency slams Northern Elders Forum, NEF says allegations untrue

    Secession: Presidency slams Northern Elders Forum, NEF says allegations untrue

    Access Holdings Plc dissociates itself from Access Capital Daily Investment and others

    Access Holdings Plc dissociates itself from Access Capital Daily Investment and others

    We will join NATO but host no NATO bases says Sweden, We will only respond to NATO infrastructure threat says Russia

    We will join NATO but host no NATO bases says Sweden, We will only respond to NATO infrastructure threat says Russia

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Nigeria’s Inflation rate hits16.47%, the highest since May 2017

    Inflation rate rises in April 2022 compared to March 2022 – NBS report

    “Unfriendly” countries will have to pay for Russian gas in rubles – Putin

    10 EU countries quietly buying Russian gas with rubles

    The United Kingdom to approve first new coal mine in 30 years

    The United Kingdom to approve first new coal mine in 30 years

    US Treasury Secretary warns about a complete European ban on Russian gas

    US Treasury Secretary warns about a complete European ban on Russian gas

    Israel to add Chinese yuan, Canadian and Australian dollars to its reserves

    Israel to add Chinese yuan, Canadian and Australian dollars to its reserves

    Ukraine has officially banned all Trades with Russia

    Ukraine has officially banned all Trades with Russia

    Total VAT generated rises by 53% Year-on-Year

    VAT collection rises 12.65% quarter-on-quarter in Q4 2021

    Five African central banks set to hike rates to rein in inflation

    Five African central banks set to hike rates to rein in inflation

    Nigeria’s Inflation rate in April at 18.12%, lower than 18.17% recorded in March

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

    • Policies
    • Budgets
    • Economic Data
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    List of Dividends announced in 2021, qualification and payment dates

    Presco Plc announces N6.6 final dividend for 2021 FY, shareholders set to dump shares

    Access Holdings Plc dissociates itself from Access Capital Daily Investment and others

    Access Holdings Plc dissociates itself from Access Capital Daily Investment and others

    List of Dividends announced in 2021, qualification and payment dates

    Mcnichols Plc announces 3k final dividend and 6 to 5 share bonus

    Caverton Offshore aircraft reported “missing” in Cameroon with 11 people on board

    Caverton Offshore aircraft reported “missing” in Cameroon with 11 people on board

    Current Cryptocurrencies are destined to fail long term – Bank of England Governor

    Cryptocurrencies continue to crash as Terra loses over 98%

    DMO offers 16.3% rate FGN bond

    DMO offers 2-year and 3-year FGN Savings Bond for subscription

    “Unfriendly” countries will have to pay for Russian gas in rubles – Putin

    10 EU countries quietly buying Russian gas with rubles

    Nigerian Stock Exchange Group’s Investment in subsidiaries

    Nigerian Stock Exchange Group’s Investment in subsidiaries

    Nigerian Exchange Group Plc reports N148.3 million profit for Q1 2022

    Nigerian Exchange Group Plc reports N148.3 million profit for Q1 2022

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    Seplat’s IJV ANOH Gas Processing Company raises $260m to complete ANOH project

    Seplat Energy Plc responds to media report on Mobil Producing Nigeria Unlimited acquisition

    JUST in: The EU and the U.S sign gas deal to curb dependence on Russia

    Access Bank Plc divests from Access Pension Fund Custodian Limited

    All diaspora remittances must be received by beneficiaries in foreign currency only – CBN

    Airtel Africa’s SmartCash PSB commences operation

    Access Holdings Plc dissociates itself from Access Capital Daily Investment and others

    Access Holdings Plc dissociates itself from Access Capital Daily Investment and others

    Seplat’s IJV ANOH Gas Processing Company raises $260m to complete ANOH project

    Seplat Energy Plc confirms the retirement of Dr. A.B.C Orjiako from its board

    Caverton Offshore aircraft reported “missing” in Cameroon with 11 people on board

    Caverton Offshore aircraft reported “missing” in Cameroon with 11 people on board

    FG lists 4 border points in Ukraine Nigerians can cross to safety

    Presco Plc announces delay in filing 2021 FY and Q1 2022 financial statements

    NGX RegCo approves Livingtrust Mortgage Bank’s free float compliance plan

    Resolutions passed at Unilever Nigeria Plc’s 97th AGM

    Wema Bank Plc issues notice of AGM, share capital reconstruction among agenda

    Dangote Sugar Refinery Plc issues notice of 16th AGM

    • Companies
    • Industry
    • Technology
  • Sports
    • Football
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    Anambra Election Post-Mortem – a Personal Opinion

    Anambra Election Post-Mortem – a Personal Opinion

    How a Racing Heart may Alter Decision-Making Brain Circuits

    How a Racing Heart may Alter Decision-Making Brain Circuits

    Study reveals what triggers lung damage during COVID-19

    Study reveals existing drugs that kill SARS-CoV-2 in cells

    Exposure to tobacco smoke in early life is associated with accelerated biological ageing, study finds

    Exposure to tobacco smoke in early life is associated with accelerated biological ageing, study finds

    Young athletes with history of concussions may have more changes to their brains

    Young athletes with history of concussions may have more changes to their brains

    Study reveals what triggers lung damage during COVID-19

    Important clue to rare inflammatory disease in children following COVID-19 infection

    New blood test improves prostate cancer screening

    New blood test improves prostate cancer screening

    Vitamin D reduces the need for an opioid in palliative cancer

    Face masks protect against aerosolized toxins from algal blooms, study finds

    Face masks protect against aerosolized toxins from algal blooms, study finds

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Financial Education
  • Vacancies
  • Home
  • News
    • All
    • Africa
    • Nigeria
    • World
    FCT Minister orders closure of Dei-Dei Market

    FCT Minister orders closure of Dei-Dei Market

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

    MTN Nigeria’s MoMo PSB Limited commences operation

    COVID-19: FG issues revised protocol for international travel into Nigeria

    Lagos airport international wing shut temporarily

    EFCC arrests Nigeria’s Accountant-General over N80bn fraud

    N80bn fraud: Nigerian government suspends Accountant-General

    Italy’s Eni starts process to open rubble account with Russia’s Gazprom

    Italy’s Eni starts process to open rubble account with Russia’s Gazprom

    Banks begin to charge taxes on bonds, T-bills as exemption expires

    Banks begin to charge taxes on bonds, T-bills as exemption expires

    Secession: Presidency slams Northern Elders Forum, NEF says allegations untrue

    Secession: Presidency slams Northern Elders Forum, NEF says allegations untrue

    Access Holdings Plc dissociates itself from Access Capital Daily Investment and others

    Access Holdings Plc dissociates itself from Access Capital Daily Investment and others

    We will join NATO but host no NATO bases says Sweden, We will only respond to NATO infrastructure threat says Russia

    We will join NATO but host no NATO bases says Sweden, We will only respond to NATO infrastructure threat says Russia

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Nigeria’s Inflation rate hits16.47%, the highest since May 2017

    Inflation rate rises in April 2022 compared to March 2022 – NBS report

    “Unfriendly” countries will have to pay for Russian gas in rubles – Putin

    10 EU countries quietly buying Russian gas with rubles

    The United Kingdom to approve first new coal mine in 30 years

    The United Kingdom to approve first new coal mine in 30 years

    US Treasury Secretary warns about a complete European ban on Russian gas

    US Treasury Secretary warns about a complete European ban on Russian gas

    Israel to add Chinese yuan, Canadian and Australian dollars to its reserves

    Israel to add Chinese yuan, Canadian and Australian dollars to its reserves

    Ukraine has officially banned all Trades with Russia

    Ukraine has officially banned all Trades with Russia

    Total VAT generated rises by 53% Year-on-Year

    VAT collection rises 12.65% quarter-on-quarter in Q4 2021

    Five African central banks set to hike rates to rein in inflation

    Five African central banks set to hike rates to rein in inflation

    Nigeria’s Inflation rate in April at 18.12%, lower than 18.17% recorded in March

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

    • Policies
    • Budgets
    • Economic Data
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    List of Dividends announced in 2021, qualification and payment dates

    Presco Plc announces N6.6 final dividend for 2021 FY, shareholders set to dump shares

    Access Holdings Plc dissociates itself from Access Capital Daily Investment and others

    Access Holdings Plc dissociates itself from Access Capital Daily Investment and others

    List of Dividends announced in 2021, qualification and payment dates

    Mcnichols Plc announces 3k final dividend and 6 to 5 share bonus

    Caverton Offshore aircraft reported “missing” in Cameroon with 11 people on board

    Caverton Offshore aircraft reported “missing” in Cameroon with 11 people on board

    Current Cryptocurrencies are destined to fail long term – Bank of England Governor

    Cryptocurrencies continue to crash as Terra loses over 98%

    DMO offers 16.3% rate FGN bond

    DMO offers 2-year and 3-year FGN Savings Bond for subscription

    “Unfriendly” countries will have to pay for Russian gas in rubles – Putin

    10 EU countries quietly buying Russian gas with rubles

    Nigerian Stock Exchange Group’s Investment in subsidiaries

    Nigerian Stock Exchange Group’s Investment in subsidiaries

    Nigerian Exchange Group Plc reports N148.3 million profit for Q1 2022

    Nigerian Exchange Group Plc reports N148.3 million profit for Q1 2022

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    Seplat’s IJV ANOH Gas Processing Company raises $260m to complete ANOH project

    Seplat Energy Plc responds to media report on Mobil Producing Nigeria Unlimited acquisition

    JUST in: The EU and the U.S sign gas deal to curb dependence on Russia

    Access Bank Plc divests from Access Pension Fund Custodian Limited

    All diaspora remittances must be received by beneficiaries in foreign currency only – CBN

    Airtel Africa’s SmartCash PSB commences operation

    Access Holdings Plc dissociates itself from Access Capital Daily Investment and others

    Access Holdings Plc dissociates itself from Access Capital Daily Investment and others

    Seplat’s IJV ANOH Gas Processing Company raises $260m to complete ANOH project

    Seplat Energy Plc confirms the retirement of Dr. A.B.C Orjiako from its board

    Caverton Offshore aircraft reported “missing” in Cameroon with 11 people on board

    Caverton Offshore aircraft reported “missing” in Cameroon with 11 people on board

    FG lists 4 border points in Ukraine Nigerians can cross to safety

    Presco Plc announces delay in filing 2021 FY and Q1 2022 financial statements

    NGX RegCo approves Livingtrust Mortgage Bank’s free float compliance plan

    Resolutions passed at Unilever Nigeria Plc’s 97th AGM

    Wema Bank Plc issues notice of AGM, share capital reconstruction among agenda

    Dangote Sugar Refinery Plc issues notice of 16th AGM

    • Companies
    • Industry
    • Technology
  • Sports
    • Football
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    Anambra Election Post-Mortem – a Personal Opinion

    Anambra Election Post-Mortem – a Personal Opinion

    How a Racing Heart may Alter Decision-Making Brain Circuits

    How a Racing Heart may Alter Decision-Making Brain Circuits

    Study reveals what triggers lung damage during COVID-19

    Study reveals existing drugs that kill SARS-CoV-2 in cells

    Exposure to tobacco smoke in early life is associated with accelerated biological ageing, study finds

    Exposure to tobacco smoke in early life is associated with accelerated biological ageing, study finds

    Young athletes with history of concussions may have more changes to their brains

    Young athletes with history of concussions may have more changes to their brains

    Study reveals what triggers lung damage during COVID-19

    Important clue to rare inflammatory disease in children following COVID-19 infection

    New blood test improves prostate cancer screening

    New blood test improves prostate cancer screening

    Vitamin D reduces the need for an opioid in palliative cancer

    Face masks protect against aerosolized toxins from algal blooms, study finds

    Face masks protect against aerosolized toxins from algal blooms, study finds

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Financial Education
  • 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:

  • NGX Equities Market Report: Equities market bounce back to gains along with BUAFOODS
    NGX Equities Market Report: Equities market bounce back to…
  • FG files fresh charges against Nnamdi Kanu
    FG files fresh charges against Nnamdi Kanu
  • NGX Equities Market Report: A negative start to the week as BUAFOODS suffers first price decline
    NGX Equities Market Report: A negative start to the week as…
  • DMO releases FGN Bonds Issuance Calendar for third quarter 2020
    DMO releases FGN Bonds Issuance Calendar for third quarter…
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.

  • Trending
  • Comments
  • Latest
List of Dividends announced in 2022, qualification and payment dates

List of Dividends announced in 2022, qualification and payment dates

List of Dividends announced in 2021, qualification and payment dates

Presco Plc announces N6.6 final dividend for 2021 FY, shareholders set to dump shares

FCT Minister orders closure of Dei-Dei Market

FCT Minister orders closure of Dei-Dei Market

COVID-19: FG issues revised protocol for international travel into Nigeria

Lagos airport international wing shut temporarily

FCT Minister orders closure of Dei-Dei Market

FCT Minister orders closure of Dei-Dei Market

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

MTN Nigeria’s MoMo PSB Limited commences operation

Seplat’s IJV ANOH Gas Processing Company raises $260m to complete ANOH project

Seplat Energy Plc responds to media report on Mobil Producing Nigeria Unlimited acquisition

COVID-19: FG issues revised protocol for international travel into Nigeria

Lagos airport international wing shut temporarily

Investogist
info@investogist.com

Follow us

Categories

  • Africa
  • Agriculture
  • Arts & Culture
  • 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 © 2021 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
  • Markets
    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Business
    • Companies
    • Industry
    • Technology
  • Sports
    • Football
  • Opinion & Analysis
    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Financial Education
  • Vacancies

Copyright © 2021 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