The National Bureau of Statistics, NBS, said country’s Gross Domestic Product, GDP, has declined to 2.31 per cent in the first quarter of 2023, blaming the cash crunch experienced during the quarter. The NBS, in a report on Wednesday, said that GDP grew by 2.31 per cent year-on-year in real terms in the reviewed period…
Nigeria’s Consumer Price Index, which measures inflation rate, rose to 22.22 per cent in April from the 22.04 per cent recorded in March. The National Bureau of Statistics, NBS, in a report on Monday noted that the increase in headline inflation for April represented 0.18 percentage when compared to March 2023. DAILY COMMERCE Nigeria reports…
Nigeria’s headline inflation rose to 22.04 percent year-on-year in March, the highest rate seen since September 2005. According to the National Bureau of Statistics, NBS, latest report represents an increase of 0.13 percent when compared to 21.91 percent February 2023 headline inflation rate. At the subnational level, “The inflation rate on a year-on-year basis was…
Raw sugar futures in the US surged above $22.4 per pound in early April, the most in over six years, supported by expectations of higher biofuel demand and lower output from key producers, data from Trading Economic has indicated. Crude oil prices soared after OPEC+ announced a surprise output cut, encouraging sugarcane producers to allocate…
