The 10th Senate, under the leadership of Godswill Akpabio, on Thursday, advanced the ₦49.7 trillion 2025 Budget to its second reading. EKO HOT BLOG reports that the budget received approval during plenary after extensive deliberations. The budget, presented the previous day by President Bola Tinubu, was subsequently referred to the Committee on Appropriations, chaired by … Read more
Azman Air has temporarily suspended its operations and instructed all staff members to take compulsory leave without pay. This announcement was confirmed by Nurudeen Aliyu, the airline’s Public Relations Officer, in a statement to Leadership on Monday. Aliyu explained that the suspension is due to all the airline’s aircraft being under maintenance. EDITOR’S PICKS Focus … Read more
APC claims a Federal Government agency is feeding Nigerians with false inflation figures. Eko Hot Blog reports that the All Progressives Congress (APC) has baselessly claimed that the National Bureau of Statistics (NBS) is releasing false inflation figures to Nigerians. EDITOR’S PICKS Tunji Alausa, NAFDAC DG, NBMA DG Promise Action On Genetically Modified Foods Why … Read more
Eko Hot Blog reports that the National Bureau of Statistics (NBS) latest inflation report indicated a rise in Nigeria’s headline inflation to 28.92% in December, compared to the 28.20% recorded in November 2023. The report, released by the statistics bureau on Monday, detailed that food inflation also rose to 33.93 per cent from the 32.84 … Read more
EKO HOT BLOG reports that the Nigeria Labour Congress (NLC) has refuted claims that it was in talks with the Federal Government over the implementation of a new minimum wage. This online media platform had earlier reported that the Federal Government, on Thursday, disclosed that a new minimum wage for workers would be approved in 2024. … Read more
EKO HOT BLOG reports that the Senior Special Assistant (SSA) to President Bola Tinubu on Community Development, South East region, Chioma Nweze has expressed concern over the high rate of inflation in the country. Nweze shared her concern while speaking with newsmen during her visit to Abakaliki in Ebonyi State. She blamed the economic crisis … Read more
Eko Hot Blog reports that Nigeria’s inflation rate increased to 25.80% in August 2023 relative to the July 2023 headline inflation rate which was 24.08%. The August 2023 headline inflation rate shows an increase of 1.72% points when compared to the July 2023 headline inflation rate. EDITOR’S PICKS Here Are Alternative Routes As Third Mainland … Read more
EKO HOT BLOG reports that the National Bureau of Statistics (NBS) has said the Consumer Price Index (CPI) rose to 22.41 percent in May 2023, up from 22.22 percent in the previous month. EDITOR’S PICKS Shehu Sani Slams Wike’s Appointment Obsession, Questions APC’s Focus Arewa Women, APC Governors Back Tajudeen Abbas As House … Read more
UK annual inflation rate drops to a 13-month low of 8.7 percent in April. This could be perceived as due to weaker energy prices compared to prices of the previous year. Grant Fitzner, the Chief Economist at the ONS, noted that while the inflation rate had decreased, prices still remained significantly higher than the same … Read more
Concerning the urban inflation rate, an increase to 16.25 per cent (year-on-year) in February 2022… The rural inflation rate increased to 15.18 per cent in February 2022 from 16.77 per cent in February 2021 EKO HOT BLOG reports that Nigeria’s consumer price index, (CPI) which measures inflation has increased to 15.70 per cent for the … Read more
The drop in the headline rate was driven by easing annual food inflation… EKO HOT BLOG reports that Nigeria continues to buck the global trend of rising prices, with consumer prices ticking lower for the seventh consecutive month. Nigeria’s inflation rate fell to 15.99 per cent in October compared with the same period last year, … Read more
![NBS, Nigeria’s inflation rate, [JUST IN] Again, Nigeria’s Inflation Rate Rises To 17.33%](https://ekohotblog2.com/wp-content/uploads/2020/01/Inflation.jpg)
The consumer price index, which measures inflation increased by 18.17 per cent (year-on-year) in March 2021. The National Bureau of Statistics disclosed in its report on ‘Consumer Price Index’ for March 2021 on Thursday that March inflation rate remained the highest in four years. The consumer price index, which measures inflation increased by 18.17 per … Read more