Inflation
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Nigerian News
Challenges ahead for Nigerians as inflation soars during the festive season
As Nigeria approaches the festive season, many families are bracing for a tough time due to rising inflation. Under the…
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Business
Nigeria’s inflation rate jumps to 34.6% in November, deepening hardship
Nigeria’s inflation rate surged to 34.60% in November 2024, up from 33.88% in October, signaling deepening economic hardship for the…
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Business
Canada’s central bank delivers surprising rate cut, eases borrowing costs
In a bold move, the Bank of Canada slashed its key interest rate by half a percentage point to 3.75%…
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Nigerian News
Report: 129 Million Nigerians living in poverty — World Bank
The World Bank has released the Nigeria Development Update report, stating that over 129 million Nigerians are currently trapped in…
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Business
CBN cites July inflation decline as signs of successful monetary policies
The Central Bank of Nigeria (CBN) has reported that the decline in inflation in July 2024 indicates that its monetary…
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Business
Headline inflation surges to 34.19% in June
Nigeria’s inflation rate increased to 34.19% in June 2024, this is according to data released by the National Bureau of…
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Business
136% of 2023 FX inflows recorded in 2024 Q1 – Cardoso
The Governor of the Central Bank of Nigeria, Dr Olayemi Cardoso, disclosed that the foreign exchange inflows recorded in the…
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Business
There’s no magic wand to tackle inflation – Cardoso to Nigerians
The Governor of the Central Bank of Nigeria, Yemi Cardoso, has appealed to Nigerians to be patient with the government…
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Business
MPR increase could worsen inflation – NECA warns
The Nigeria Employers’ Consultative Association (NECA) has warned that the ongoing increase in the MPR could worsen the rising inflation…
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Business
Kogi, Kwara, top NBS report for highest food prices
Kogi, Kwara, and Ondo are the three states in Nigeria with the highest food prices amid worsening hardship. This is…
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Business
CBN will retain high interest rates to curb inflation — Cardoso
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has indicated that the apex bank will maintain high…
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Business
Inflation drops PMI, sees marginal rise to 51.1 points
In April, the Purchasing Managers’ Index (PMI) saw a slight uptick to 51.1, attributed to a deceleration in the rate…
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Business
South Africa inflation eases in March, fell to 5.3%
South Africa’s inflation fell to 5.3% year on year in March in a sign that Africa’s most industrialized economy was…
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Business
Nigeria’s inflation increases to 33.20% in March
Nigeria’s inflation rate rose to 33.20 per cent in March 2024 from 31.70 per cent in February 2024. This was…
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Tech
MTN sees revenue boost in 2023, despite inflation
MTN Group has reported a boost in revenue and subscriber rate despite an economically challenging 2023.
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World/Foreign News
Unemployment rate has risen, expect cuts in interest rates – ONS
Unemployment in the United Kingdom has increased as wages no longer grow, according to data by the Office for National…
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Politics
State of the Nation: President Bola Tinubu with Governors, others
President Bola Tinubu is currently meeting all 36 state governors under the auspices of the Nigeria Governors’ Forum at the…
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Business
UK Inflation Unexpectedly Quickens
The Consumer Prices Index accelerated slightly to four percent last month British inflation unexpectedly rose in December, data showed Wednesday,…
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