Nigeria’s headline inflation rate rose to 34.60% in November 2024, up from 33.88% in October, according to the latest Consumer Price Index (CPI) report from the National Bureau of Statistics (NBS). EKO HOT BLOG reports that November figure represents a 0.72 percentage point increase from the previous month. On a year-on-year basis, the headline inflation … Read more
FG Speaks On Food Inflation, Reveals When Prices Will Drop. Government allocates special funds for infrastructure to bolster agriculture. Edun underscores global issue of food insecurity. EKO HOT BLOG reports that the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, assures Nigerians of forthcoming reductions in food prices. Edun elaborates on the government’s … Read more
Eko Hot Blog reports that the leadership of the Nigeria Labour Congress (NLC) has boycotted a meeting organised by the federal government. The meeting was convened by the Minister of Labour and Employment, Simon Lalong, to avert the two-day warning strike already declared by the organised labour. According to Daily Trust, the meeting, which was … Read more
Federal Government and Labour leaders will resume talks today on petrol subsidy removal palliatives. The talks are expected to focus on harmonising the demands put forward by Labour. The government has agreed to consider Labour’s demands. EKO HOT BLOG reports that Federal Government representatives and Labour leaders will today resume talks on petrol subsidy removal … Read more