Nkiru Nnorom

2 weeks ago | nigeriaworld.com | Babajide Komolafe |Nkiru Nnorom |Dickson Omobola

• Passenger revenue declines in 2 consecutive years • Aviation experts cite Naira depreciation, inflation as major causes • Divided over outlook for 2025 Against the backdrop of the spike in cost of living triggered by sharp depreciation of the Naira and severe inflationary pressures, Nigerians reduced spending on foreign air travel by 30 per cent to $2.66 billion in 2024.

Oct 16, 2024 | theafrica.co.za | Babajide Komolafe |Nkiru Nnorom

Analysts cite fuel price hike, weaker Naira Project higher inflation rate By Babajide Komolafe, Nkiru Nnorom, Rosemary Iwunze Elizabeth Adegbesan Nigerias inflationrate rose to 32.7per cent in September, reversing two months consecutive decline to 32.15 in August, driven by further increase in food prices and transportation cost caused by recent fuel price hikes and weaker Naira.

Jun 6, 2024 | allafrica.com | Nkiru Nnorom

... Naira will continue to depreciate without export... Says institutional reforms should precede price reformsThe Managing Director of Financial Derivatives Company, FDC, Mr. Bismarck Rewane, has urged the Nigerian Labour Congress, NLC, to reconsider its stance on benchmarking the minimum wage demand on dollar exchange rate, saying that it would result in massive job layoffs, especially among the private sector operators, who are the major employers of labour.

Nov 24, 2023 | allafrica.com | Peter Egwuatu |Nkiru Nnorom |Omeiza Ajayi |John Alechenu |Elizabeth Adegbesan

Lagos — There are indications that the sustained inflationary pressures in the economy may have forced a reversal of the trend in household consumption expenditure. The figures which have been going down since second quarter of 2022, Q2'22, reversed to an uptrend in 2023, according to the National Bureau of Statistics, NBS. The NBS, yesterday said that real household c o n s u m p t i o n expenditure grew yearon- year (YoY) by 3.3 per cent in the second quarter of 2023, Q2'23.