Union Bank Raises Staff Salaries by 40%, Personnel Expenses to ₦47.6 Billion
An internal memo revealed that employees would receive arrears for November alongside their December 2024 pay
Tag: Inflation
Nigeria’s Inflation Hits 33.88% in October as Food and Transport Costs Soar
This is a sustained rise in inflation for the second consecutive month
Rising Living Costs Drive 243,000 Nigerians to Drop MultiChoice Services in 2024
This decline, revealed in the company’s interim financial report released on Tuesday, follows Nigeria’s skyrocketing inflation rate, which has surpassed ...
86% of African Startup Founders Report Mental Strain
The report surveyed 169 founders across 13 African countries, shedding light on the mental and emotional toll that comes with ...
IMF: Inflation Will Remain Substantially Higher in Nigeria till 2025
The International Monetary Fund (IMF) has hinted on why median inflation will decline slightly in Nigeria, Angola and Ghana, but ...
Weak Naira | Petrol Price: Nigeria’s Inflation Rises to 32.70% in September
Nigeria’s headline inflation rose to 32.70 per cent in September, 2024. This shows a reverse of the slowing inflation rate ...
BOI Launches App to Monitor Real-Time Food Prices as Nigeria Confronts Inflation
The app, which was rolled out today, covers eight states
CBN Increases Interest Rate to 27.25% in Continued Battle Against Inflation
The Monetary Policy Rate (MPR) was increased by 50 basis points
Inflation, Policies, and Digital Banking: Are Nigerians Paying the Price for Reform?
...The Bank of the Free is no longer free
Is the End of Brain Drain in Sight?
In 2020, remittances amounted to about $17.2 billion, providing a huge source of foreign exchange, but what’s to show for ...
Nigeria Week Ahead: Inflation, Naira and Oil in Focus
Some semblances of stability have returned to global markets after US recession fears created shockwaves last week. Still, concerns over ...
#EndBadGovernanceInNigeria Protests: President Tinubu’s Speech vs Reality of Nigerians
The effectiveness of these initiatives in addressing Nigeria’s high unemployment rate depends on resolving the root problems
Can the New Minimum Wage Keep Up with Nigeria’s Rising Cost of Living?
In the midst of all this, Aliko Dangote has halted his steel production plans following monopoly accusations from President Tinubu. ...
From Okada Rider to Business Owner: How Interest Rates Affect Your Hustle
While the hiked interest rate aims to curb inflation, excessive increase can hinder economic growth
Cost of Preparing Jollof Rice Rises by Over 315% Due to Inflation
The inflation rate in Nigeria stood at 33.20% in the month of March, hence, the inflation rate for a pot ...
