Nigeria’s inflation is projected to drop to 21.5 percent in 2024, from the 24.5 percent recorded in 2023. This is according to the 2024 Macroeconomic Outlook produced by the Nigerian Economic Summit Group (NESG). According to the report, launched on…
The Central Bank of Nigeria (CBN) Governor, Mr. Olayemi Cardoso, has declared that the apex bank is set to wield a rod of discipline to ensure adherence to regulations in the forex market and also tame inflation. The CBN Governor…
The Abuja Chamber of Commerce and Industry (ACCI), has called on the Federal Government to take decisive measures to curb the rising inflation in the country. The President of ACCI, Mr Emeka Obegolu, made the call in a statement on…
…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…
