MTN Sees Recovery in Nigeria Unit Following Naira Devaluation
But the damage is still obvious. MTN reported a pre-tax loss of 4.4 billion rand ($243 million) for the year ...
Tag: Inflation
CBN Holds MPR at 27.5% as Inflation Figures Are Reviewed
The decision, which is the first hold in three years, was announced by the Governor of the CBN, Yemi Cardoso, ...
Why Nigeria’s Headline Inflation ‘Crashed’ to 24.48% in January from 34.80% in December
Nigeria’s headline inflation for January 2025 stood at 24.48 per cent against 34.80 per cent recorded in December 2024, according ...
TradeDepot Unveils Affordable Food Brand ‘Mangrove’ to Tackle Inflation, Naira Depreciation
This initiative is aimed at addressing the economic challenges faced by Nigerian consumers, particularly as inflation keeps rising, added to ...
High Inflation: 7 Ways Telcos Can Serve Customers across Economic Classes
Even more concerning, Nigeria ended 2024 with 164.9 million active telecom subscribers—down from 224.7 million the year before
Nigeria’s Business Condition Improves, Headline PMI Hits 52% in January
The nascent growth in the Nigerian private sector seen at the end of 2024 was sustained into the first month ...
Tinubu: 2025 Budget Will Cut Inflation to 15%, Lower Dollar to N1,500
President Bola Tinubu has estimated that the 2025 budget will lead to a decline in inflation from the current rate ...
Nigeria’s Inflation Hits 34.6% in November, Worsens Cost of Living
The NBS report revealed that the November inflation rate was 6.4 percentage points higher than the 28.2% recorded in the ...
CBN Raises Interest Rate to 27.5% to Tackle Inflation, Stabilise Economy
…could impact borrowers, leading to an uptick in loan defaults and non-performing loans for banks
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
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 ...