Nigeria’s inflation rate climbed to a new 17-year high of 21.91 per cent in February 2023 on the backdrop of the new naira note design and uncertainties relating to the presidential election. This was contained in the National Bureau of…
Nigeria’s January inflation figure rose from 21.34 per cent in December to 21.82 per cent in January, according to National Bureau of Statistics, NBS recent data. The January 2023 inflation rate showed an increase of 0.47% points when compared to…
…CBN should strategise alternatives to reduce inflation — DG NACCIMA …Interest rate hike will hurt productive sector, Nigeria’s economy — Gbolade …Hike in MPR from 16.6% to 17.5% will hurt investors in the real economy — CPPE By Seun Ibiyemi,…
goes as much as N4,000 and on like that. A 50kg bag of rice for Instance that sold at N20,000 to N25,000 before the ban on foreign rice, now sells at N40,000 to N45,000. In Lagos, and neighbouring Ogun State,…
Some experts have advised the Central Bank of Nigeria (CBN) to review its monetary policy tools in order to tame the rising inflation. Dr Muda Yusuf, founder, Centre for the Promotion of Private Enterprises (CPPE), advised the CBN to resist…
Headline inflation rate increased to 21.47 per cent on a year-on-year basis in November, the National Bureau of Statistics (NBS), has said. It made the declaration in its Consumer Price Index (CPI) and Inflation Report for November 2022 released in…
…As CBN again raises MPR to 16.5% …Plans to reduce volume of N500, N1000 …Raising interest rate alone won’t tame Nigeria’s inflation – Experts By Seun Ibiyemi, Ogaga Ariemu and Mathew Dennis Barely two months after it raised the interest…
Ghana’s inflation figure jumped to a 40.4 percent high in October compared to 37.2 percent last month. This was revealed in a statement by Ghana Government Statistician, Mr. Samuel Annim, on Wednesday. By implication, the figure will impact the pressure…
…Experts blame disruption on food supply, currency depreciation, others …CBN financing of fiscal deficit disturbing – Experts …FG should review import policy on food, adopt flexible foreign exchange policy – Muda Yusuf By Seun Ibiyemi, Ogaga Ariemu and Matthew Dennis Nigeria’s headline…
…As NPL of Union Bank, FCMB, Sterling Bank rise by 1%, 46%, 60.6% …Bad loans due to inflation, insecurity, other economic realities — Chizea By Uthman Salami, Ariemu Ogaga, Matthew Denis and Philemon Adedeji A total of four banks Non-performing…
