Economy
Inflation: Nigerians To Spend 54.9% Income On Food In Next Six Months, Says CBN
The rising inflation rate will force Nigerian households to spend the largest amounts of their earnings on food in the next six months, ...
News
Nigeria’s Inflation Rate Hits 33.20% Despite Naira Rebound
Despite Naira’s rebound, Nigeria’s inflation rate jumped to 33.20% in March 2024 compared to February 2024 headline inflation rate which was 31.70%. This ...
News
Minimum wage: APC Chieftain Warns FG To Avoid Arbitrary Increment
Osita Okechukwu, a member of the All Progressives Congress (APC), has urged the federal government to exercise caution in implementing an “arbitrary” salary ...
Economy
MPC Should Meet More Often To Address Rising Inflation – Rewane
Director of Financial Derivatives Company Limited, Bismarck Rewane, says the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) should meet ...
Economy
Price Of Rice Up 81% In 1 yr, Onions Rise 123%, As Transport Fare Soars – NBS
The price of 1 kilogram (Kg) of rice increased year-on-year, YoY, by 81 percent to N917.93 in December 2023 from N506.17 in the corresponding ...
News
Inflation To Likely Drop, Naira To Appreciate In 2024, Says Rewane
Bismarck Rewane, chief executive officer (CEO) of Financial Derivatives, says Nigeria’s exchange rate is expected to appreciate as inflation drops in 2024. Speaking ...
Economy
IMF raises alarm over rising inflation
The International Monetary Fund, IMF, has raised alarm over the negative effects of high inflation on consumption of goods and services in the country, ...
