Nigeria’s Inflation Price Hits Report Excessive Of 15.75%

Share This On:

The inflation value in Nigeria has hit a file excessive of 15.75% (year-on-year) in accordance with the figures launched on Friday, fifteenth January by the Nationwide Bureau of Statistics (NBS).

This represents top-of-the-line value recorded since 2016.

Meals inflation contained in the nation elevated by 1.26 % on a year-on-year foundation from 18.30 % in November 2020 to 19.56 % in December.

Try the latest NBS figures beneath.

YEAR on YEAR:
Headline Inflation at 15.75% in Dec 2020 from 14.89% in Nov 2020. Meals inflation at 19.56% in Dec 2020 from 18.30% in Nov 2020. Core Inflation at 11.37% in Dec 2020 from 11.05% in Nov 2020

MONTH ON MONTH:
Headline Inflation at 1.61% in Dec 2020 from 1.60% in Nov 2020. Meals inflation at 2.05% in Dec 2020 from 2.04% in Nov 2020. Core Inflation at 1.10% in Dec 2020 from 0.71% in Nov 2020

RURAL/URBAN YEAR ON YEAR:

Metropolis (16.33% from 15.47%); Rural (15.20% from 14.33%);

RURAL/URBAN MONTH ON MONTH:

Metropolis(1.65% from 1.65%); Rural (1.58% from 1.56%).

Throughout the meantime, the Agency Affairs Fee (CAC), has launched an electronic process for company registration and certificates experience in Nigeria.

This was disclosed to newsmen in Abuja on Monday by the Registrar-Elementary of the Fee, Alhaji Garba Abubakar.

In accordance with the CAC boss, the web registration portal was launched on January 3, 2021 in compliance with the provisions of the mannequin new Corporations and Allied Factors Act (CAMA).

With this progress, all options for company registration can now be carried out and processed on-line.

Share This On:

Leave a Comment