Economy

UPDATE: Nigeria’s Inflation Rate Climbs to 27.33% in October

The headline inflation rate in Nigeria experienced a notable increase, reaching 27.33% in October 2023. This marks a continued ascent from the already high September figure of 26.72%, indicating a 0.61% point rise compared to the previous month.

A year-on-year analysis reveals a more alarming trend, with the October 2023 inflation rate standing 6.24% points higher than the 21.09% recorded in October 2022.

Stay tuned for further updates…

The Spectacles

The Spectacle is an online news platform that covers Nigeria. We are your one-stop Nigerian portal for all Nigerian news – politics, education, Opinion and Zamfara current affairs

Recent Posts

CCC Cautions Media: Don’t Give Lakurawa Insurgents Publicity

The Centre for Crisis Communication (CCC) has urged Nigerians and stakeholders to refrain from giving…

5 hours ago

Governors’ Wives Advocate for Six-Month Maternity Leave Policy

The Nigerian Governors’ Wives Forum (NGWF) has urged governors and state legislators across the 36…

5 hours ago

Tinubu to Present Record-Breaking ₦47.9tn Budget to Lawmakers today

The Federal Government, on Thursday, approved the Medium-Term Expenditure Framework (MTEF) for 2025–2027, alongside the…

5 hours ago

Taiwan Unveils Electric Vehicles to Promote Green Mobility in Nigeria

In a bid to support Nigeria's efforts toward a carbon-free environment, Taiwan has introduced electric…

6 hours ago

JUST IN: FCT Minister Wike Suspends FCDA Secretary Indefinitely

Federal Capital Territory (FCT) Minister, Nyesom Wike, has announced the indefinite suspension of the Executive…

17 hours ago

NYSC Registration: 5 Essential things to Consider Before Signing Up

If you’re considering applying for the National Youth Service Corps (NYSC), it’s important to be…

18 hours ago