Inflation
1 Dec
Just last Tuesday, the Central Bank of Nigeria (CBN), at the end of its 298 Monetary Policy Committee (MPC) meeting continued its policy of tightening the monetary policy by raising the Monetary policy Rate (MPR) by 25 basis points to 27.5 per cent, from 27.25 per cent. MPR is the benchmark interest rate that determines…
28 Nov
No less than 554,858 investors have abandoned their dividends in nine blue-chip firms over value erosion, raising concerns about the efficiency of the electronic dividend programme and the commitment of company registrars to its implementation.
27 Nov
Chief Executive Officer of Financial Derivatives, Mr. Bismark Rewane has identified naira depreciation as the major catalyst for high inflation in Nigeria. Rewane who was responding to questions on recent hike of interest rates to 27.5 per cent by the Central Bank of Nigeria (CBN), said the exchange rate is taking a toll on inflation. According…
26 Nov
• As output surpasses World Bank, IMF projections • Self-employed jobs jump to 85.6 per cent • Rising debt poses major risk to private sector growth, says Muda Yusuf Notwithstanding the high inflation rate, rising interest rates and company closure, escalating energy, insecurity and several other headwinds have impacted the economy, the National Bureau of…
24 Nov
To achieve sustained economic prosperity and overcome current challenges such as foreign exchange market illiquidity, rising inflation, and sluggish economic growth, Nigeria must implement strategic measures. Specifically, the country's path to economic sustainability lies in increasing domestic production and exports and less reliance on imported goods. Economic experts unanimously agreed on this strategy, as stressed…
21 Nov
It is no news that many economies including Nigeria are currently experiencing significant inflationary pressures.
16 Nov
Stakeholders in the agricultural sector have advocated comprehensive subsidies on fertilisers and inputs to encourage productivity and cut rising cost of staple food. They said the measure was imperative to enhance farmer access to inputs, value addition and farmer enterprising skills to achieve food security in the country. The call came against the backdrop of…
15 Nov
The increase in the pump price of fuel to N1,060 in October from an earlier price of N1,030 has pushed the October 2024, headline and food inflation rate to 33.88 per cent and 39.16 per cent respectively. In September, the headline inflation was 32.70 per cent, while food inflation was 37.77 per cent. The headline…
13 Nov
A new business confidence monitor by the Nigeria Economic Summit Group (NESG) in partnership with Stanbic IBTC says business performances were weakened by high inflation, unaffordable interest rates and foreign exchange instability in October.
8 Nov
The new chairman of WEMABOD Limited, Nureni Adisa, has unveiled what he called a five-strategic development plan for the company
4 Nov
Fitch has projected Nigeria’s inflation rate to decelerate to 26.2 per cent by next year.[ad] This is just as the rating agency has placed
1 Nov
Though MTN Nigeria Plc recorded N4.1 billion profit in quarter three (Q3), the firm still posted N514 billion loss.
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