URBANEXPRESSLIVEURBANEXPRESSLIVEURBANEXPRESSLIVE
  • Home
  • Politics
    Politics
    “Followers who tell the truth, and leaders who listen to it, are an unbeatable combination.”— Warren Bennis
    Show More
    Top News
    ‘We’re Not Barren But Fruitful, Obaseki’s Wife Response Against oshiomhole’s Outburst
    September 8, 2024
    Outstanding  Salaries: we’ll Embark On Nationwide Strike, SSANU, NASU Warns FG
    September 19, 2024
    What US Judge Rules On Prince Harry’s American Visa Application
    September 24, 2024
    Latest News
    Defection: PDP Mock Lawmaker’s Decision to Join APC, Says He’ll Regret It 
    October 29, 2025
    Bode George Sounds the Alarm, Says His Children Can’t Get Employment in Nigeria 
    October 28, 2025
    Intimidation Shouldn’t Be An Option, APC Chieftain Advises INEC Chair, Amupitan 
    October 26, 2025
    Ending Nnamdi Kanu’s Trial Solely Depends on President Tinubu-Ejimakor 
    October 20, 2025
  • Entertainment
  • Urban & Rural Lifestyle
  • Column
  • Environment
  • Urban Sports
  • Crime Lence
  • More Links
    • About Us
    • Contact us
    • Advertise
Search
  • Advertise
© 2024 Urbanexpresslive. All Rights Reserved.
Reading: Domestic Price In Nigeria has Remain High in 2024, 2025 Fiscal Year-CBN
Share
Notification Show More
Font ResizerAa
URBANEXPRESSLIVEURBANEXPRESSLIVE
Font ResizerAa
  • Home
  • Politics
  • Entertainment
  • Urban & Rural Lifestyle
  • Column
  • Environment
  • Urban Sports
  • Crime Lence
  • More Links
Search
  • Home
  • Politics
  • Entertainment
  • Urban & Rural Lifestyle
  • Column
  • Environment
  • Urban Sports
  • Crime Lence
  • More Links
    • About Us
    • Contact us
    • Advertise
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
URBANEXPRESSLIVE > web-Page > Business > Domestic Price In Nigeria has Remain High in 2024, 2025 Fiscal Year-CBN
BusinessTechnology

Domestic Price In Nigeria has Remain High in 2024, 2025 Fiscal Year-CBN

urbanexpresslive
Last updated: September 18, 2024 10:41 am
urbanexpresslive
Share
2 Min Read
SHARE

Olusegun Ariyo

The Central Bank of Nigeria has said that Nigeria’s domestic prices are expected to remain high in the 2024/2025 fiscal year.

The apex bank made this known in its Monetary, Credit, Foreign Trade and Exchange Policy Guidelines for fiscal years 2024/2025.

CBN’s revelation comes amid the two consecutive decreases in Nigeria’s inflation in July and August which stood at 33.40 percent and 32.15 percent.

Meanwhile, CBN blamed elevated domestic prices on the back of spillovers from global supply constraints, exchange rate pass-through impact, persisting security and infrastructural challenges.

However, the apex bank said the country’s fiscal outlook remains positive contingent on the effective implementation of the Finance Act 2023, Foreign exchange reforms and restructuring of key revenue-generating MDAs to boost non-oil revenue.

“Domestic prices are expected to remain elevated through 2024/2025, on the back of spillovers from global supply constraints, and exchange rate pass-through.

“More so, the persisting security and infrastructural challenges could exacerbate inflationary pressures.

“The performance of the fiscal sector is expected to remain on a positive recovery trajectory in 2024/2025.

“This outlook is contingent on the effective implementation of the Finance Act 2023 and restructuring of key revenue-generating MDAs to boost non-oil revenue,” it said.

You Might Also Like

Smugglers, Grain Hoarders Behind Food Items Price Increase-FG

Reform: Jega Submit Report on Livestock Transformation To President Tinubu

How IPPIS Hinders Retention of UNICAL First Class Graduands-VC

Togo, Benin, Niger, Gets 24 Hours Electricity Supplies from Nigeria-TCN

He Deserves Some Medal Not Attacks -Balami Hails Seyi Tinubu On Recent Tour

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
[mc4wp_form]
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Twitter Copy Link Print
Share
Previous Article New Board Springs As CBN Approves Directors For Keystone Bank
Next Article Serie A: Why AC Milan Ibrahimovic Refuses To Comment On Last-minute Bid For Osimhen
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

235.3kFollowersLike
69.1kFollowersFollow
11.6kFollowersPin
56.4kFollowersFollow
136kSubscribersSubscribe
4.4kFollowersFollow
- Advertisement -
Ad imageAd image

Latest News

Trading PVCs-Anambra Voters Warned Against Highest Bidder
Uncategorized October 29, 2025
Defection: PDP Mock Lawmaker’s Decision to Join APC, Says He’ll Regret It 
Discover Politics October 29, 2025
Serie A: Why Lookman Keen to hit Top Form For Atalanta
Urban Sports October 29, 2025
EPL:  Be Unhappy With Your Team-mates- Berbatov Advises Man United Striker Sesko
Urban Sports October 29, 2025
Executive Master of Transport Management
//

UrbanExpressNews is Nigeria Most Reliable Online News, With Quality Pedigree of Writers made available on the online space.

Download Our App

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

info@urbanexpresslive.com

 

Follow US
© 2024 Urbanexpresslive. All Rights Reserved.
Welcome Back!

Sign in to your account