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…
…Political leadership reason for continuous increase — Oyedokun …Current administration has brought retrogressive policies on economies, governance — Odewale …FG must restudy concept paper of ‘Operation Feed the Nation’ to induce investors — Tajudeen …Inflationary pressures weaken purchasing power of…
By Ogaga Ariemu Monetary Policy Committee (MPC) meeting of the Central Bank of Nigeria (CBN) has been slated to commence on Monday amid inflationary pressure, other challenges facing Nigeria’s economy. The Consumer Price Index (CPI), which measures the rate of…
Some experts have urged Nigerians to grow the food they eat and be more productive to control inflation. The experts were reacting to the April inflation rate, which rose to 16.82 per cent, according to the National Bureau of Statistics…
Inflationary pressure in the coming months have been projected by analysts to take grip on the Nigerian economy, as records for the third consecutive month keep soaring, hitting 16.82 per cent in April, 2022. In its Consumer Price Index (CPI)…
The Central Bank of Nigeria may need to tighten monetary conditions, in form of higher rates, in line with the global trend of managing foreign currency reserve depletion. This is according to a Sigma Pensions report titled, ‘Nigeria 2022 outlook:…
