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Since 2009, Nigeria has been laying new railway tracks. These are operated by the state-owned Nigerian Railway Corporation. This has apparently generated a surplus since 2019, despite the covid epidemic. Principal ports are at Lagos (Apapa and Tin Can Island), Port Harcourt (Onne), and Calabar. A deep seaport in Lekki, 50 km east of Lagos, is ...
The annualized inflation rate jumped from 8.6% in May to 9.1% in June, the highest level since 1981. Everybody who drives a car knows skyrocketing gasoline prices are one of the principal culprits.
The latest government statistics released Thursday showed the inflation rate in January rose to 29.9%, its highest since 1996, mainly driven by food and non-alcoholic beverages. ... Nigeria’s ...
An August 2024 survey of inflation expectations showed consumers predicting 2.3% average inflation over the next three years, the lowest figure since the survey was created in 2013. [186] Following Trump's tariff threats, long-term inflation expectations rose to 3.3 percent in January 2025 from 3.0 percent in December, the highest level since ...
World map by inflation rate (consumer prices), 2023, according to World Bank This is the list of countries by inflation rate. The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1. Inflation rate is defined as the annual percent change in consumer prices compared with the previous year's consumer prices. Inflation is a positive value ...
Everybody has a personal inflation gauge. And it’s not the official inflation rate. This is one reason gasoline prices are so important, even though gas only accounts for about 3% of the typical ...
During the mid and late 1980's, Nigeria experienced a prolonged and severe economic downturn. Nigeria suffered a rapid plummet of its foreign reserves from $10 billion in early 1980s to approximately $1 billion in the mid 1980s due to overvalued currency, inflated imports, and international decline of oil prices. [4]
There are finally tangible signs that inflation is abating. We show you exactly where.