Connect with us

Hi, what are you looking for?

Capital Business
Capital Business


Nigerian inflation drops slightly

LAGOS, Aug 16, – Nigeria\’s inflation rate dropped to 11.1 percent on a 12-month basis in July from 11.2 percent the previous month, the National Bureau of Statistics said Sunday.

"The composite consumer price index or CPI rose 11.1 percent year-on-year in July 2009 and it is slower than the 11.2 percent increase in the previous month," it said.

Nigerian inflation had risen steadily since the second quarter of 2008, soaring to 14 percent in July last year.

Oil-rich Nigeria with some 140 million inhabitants had managed to slow inflation for most of 2006 and 2007 through a series of belt-tightening measures.

Click to comment

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...


NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...


NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...


NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...


NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...