Nigeria’s Inflation Price Hits Report Excessive Of 15.75%

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Content References: Dailypost.ng, Nairametrics.com, Naijanews.com.

The inflation charge 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 the best charge recorded since 2016.

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

Take a look at the most recent 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:

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

RURAL/URBAN MONTH ON MONTH:

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

In the meantime, the Company Affairs Fee (CAC), has launched an electronic process for firm registration and certificates technology in Nigeria.

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This was disclosed to newsmen in Abuja on Monday by the Registrar-Basic 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 brand new Corporations and Allied Issues Act (CAMA).

With this growth, all functions for firm registration can now be carried out and processed on-line.

Image Credit: Naijanews.com.
Content References: Dailypost.ng, Nairametrics.com, Naijanews.com.