…As headline inflation hits 28.92% …Stears predicts 31.85% annual inflation, recommends dollar illiquidity to tackle inflation By Sodiq Adelakun, Lagos and Mathew Denis, Abuja Inflation in Nigeria continued to rise for the twelfth consecutive month in December, 2023 with the…
Persistent inflation and foreign exchange challenges are expected to impact the fourth-quarter financial results of companies in the consumer goods sector in 2023, according to a report by Meristem Securities Limited. The report, titled ‘Consumer Goods Sector Update for December…
A financial expert, Dr Uche Uwaleke says an increase in the size of the 2024 budget by the National Assembly will render the inflation rate projection of 21.4 percent for 2024 unrealistic. Uwaleke, the Director, Institute of Capital Market Studies…
By Sodiq Adelakun The World Bank’s latest Food Security Update has brought to light the significant impact of domestic food price inflation on various regions across the globe, with Nigeria, along with other African, North American, and Latin American nations,…
The Minister of Defence, Alhaji Abubakar Badaru, has appealed for an increase in the 2024 budget of the ministry over rising cost of operations caused by inflation. Badaru said this at the 2024 budget defence before the joint committee of the…
Minister of Defence, Alhaji Abubakar Badaru, has appealed for an increase in the 2024 budget of the ministry over rising cost of operations caused by inflation. Badaru said this at the 2024 budget defence before the joint committee of the…
The Managing Director/Chief Executive Officer of Financial Derivatives Company Limited, Bismarck Rewane, predicts that inflation will continue to increase in early 2024. This is attributed to ongoing market reforms and the persistent currency volatility on the black market. Nigeria’s inflation…
…Appeal to Lawmakers to hasten approval of 2024 budgets …As implementations of 2023 State budgets suffer backlogs By Moses Adeniyi Executives of State Governments in the Federation have begun to hasten their budget offices to clean-up their Appropriation Bills for…
It has become indisputable that the economy is biting hard on Nigerians, as indices to measure standard of living continue to reflect the negative. Strains in the economy have, in about a decade, seen the economy posing difficult sides to…
Since the advent of President Ahmed Bola Tinubu’s administration, roughly five months ago, the cost of living in Nigeria has risen astronomically.For the first time in the history of Nigeria our exchange rate has hit an all time high to…
