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The prolonged red macroeconomic indicators may be taking a toll on business performances as output and new orders recorded a second successive monthly decline in November, the latest edition of Stanbic IBTC Bank Purchasing Managers’ Index revealed
Major Asian and European stock markets mostly dropped Monday as investors awaited the release this week of key US inflation data that could provide a guide for the Federal Reserve's plans for interest rates going into the new year.
Despite rising inflation in the country, which as at October was 26.72 per cent, Nigeria’s economy grew by 2.54 per cent in the third quarter of this year. This is higher compared to the 2.51 per cent growth in Q2 and 2.25 per cent in the same period last year.
Comercio Partners, an investment banking firm, has called on investors to diversify their portfolios for protection against the risks of inflation.
• Seeks urgent economic policy review, others Edo State governor, Godwin Obaseki, has decried surge in inflation and the dollarisation of the nation’s economy. Obaseki spoke while delivering a keynote address at the Delta State Executive Retreat 2023, with the theme, ‘Delivering the M.O.R.E Agenda for Advancing Delta: Strategy and Enablers’, held in Asaba, Delta…
The Lagos Chamber of Commerce and Industry (LCCI) has expressed concern over the continued uptick in inflation, noting that it is squeezing consumers’ spending and saving as well as constraining manufacturing productivity. The Director-General, LCCI, Dr Chinyere Almona, regretted that Nigeria’s inflation keeps going up instead of regressing, rising to 27.33 per cent in October…
Nigerian inflation continues to defy global trends, setting a new multi-decade of 27.3 per cent in October even as experts warned that prices, which have been an uptrend in the past two years, will not abate anytime soon.
Nigeria, Africa’s largest economy, is suffering birth pangs. Since its new president, Bola Tinubu, assumed office six months ago, the sweeping multi-sectoral reforms have attracted the praise of the global community...
Ahead of tomorrow’s (Tuesday) release of October 2023 inflation figures by the National Bureau of Statistics (NBS), multinational professional services network, KPMG, has said that headline inflation in Nigeria will reach 30 per cent by December 2023.
Nigeria's alignment with the current economic reality, coupled with rising inflation, slow growth, floating of exchange rate and volatility in global oil prices, may have exposed the fragility of her economic model and affected its global trade standing.
International Data Corporation (IDC) has said that the global market for telecoms and pay-TV services is on course to grow by three per cent this year to $1.55 trillion, which is mainly driven by inflation (higher tariffs) than surging demand from end users for communications services.
Vendorcredit, a leading financial solutions provider, has announced the provision of over 2billion Naira for businesses in search of working capital. Vendorcredit is well known for its quick turnaround time and uncollateralized lending solutions. The firm while announcing its upcoming webinar scheduled for the 16th of November, titled Currency Volatility & Inflation; Shielding Your Business…