Inflation
4 days ago
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
27 Nov
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.
25 Nov
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.
22 Nov
Comercio Partners, an investment banking firm, has called on investors to diversify their portfolios for protection against the risks of inflation.
20 Nov
• 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…
17 Nov
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…
16 Nov
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.
16 Nov
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...
13 Nov
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.
9 Nov
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.
8 Nov
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.
8 Nov
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…
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President Joe Biden's silence spoke volumes on Friday after his son Hunter's legal woes deepened with lurid allegations that he avoided paying taxes while spending millions on drugs and escorts.
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Russian President Vladimir Putin announced Friday that he would run for re-election in 2024, allowing the Kremlin leader to extend his decades-long grip on power into the 2030s.
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A 17-year-old boy, Lawali Mori, has been arrested for unlawfully engaging in carnal knowledge with a rooster, in what the Adamawa State Police Command has classified as " against the order of nature."
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. Ask SDP to produce valid proofs of petition filing within 21-day window . Say Tribunal Secretary's claims of attack suspicious, must be investigated . Call on President Tinubu, security chiefs to protect colleague, nab sponsors of violence Over 400 lawyers, on Friday, raised the alarm over persistent threats to the life of one of…
5 hours ago
Accountability Lab has honoured Ministry Department and Agencies (MDAs) of government and individuals who stood against corrupt practices while discharging their duties in the public service. The five integrity icons, Nkwada Ogechukwu from Government secondary school Ebonyi state, Catherine Ogunjebi, head of legal services, Ondo state contributory health commission, Lois Akut, a medical doctor in…
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The UN said Friday it hopes the multinational security force heading to Haiti to help combat violent gangs will deploy before April.
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Former Super Eagles striker Joseph Akpala will take charge of Belgian club Kortrijk on a temporary bases. The club announced on their X handle that Akpala will handle the team pending the arrival of a new coach. Akpala was put in charge of the team following the sacking of former handler Glen De Boeck. The…
7 hours ago
NeGSt-TAS Technologies has entered into strategic partnership with the Estate, Rent & Commission Agents Association of Nigeria (ERCAAN) on the digitization of the real estate sector. The signing ceremony took place at the ERCAAN Lagos State Secretariat at Oshodi. This is contained in statement signed by Assistant General Manager, Marketing (South) NeGSt-TAS Technologies Ltd, Efosa…
7 hours ago
Former Sierra Leone president reported to police in Freetown on Friday to be questioned over what the government has called an attempted coup at the end of November, an AFP journalist said. Koroma, who led the West African nation for 11 years until 2018, arrived at around 10:00 am local time (1000 GMT) at the…