BREAKING: CBN Increases Interest Rate from 14% to 15.5%
To combat growing inflation, the Central Bank of Nigeria's (CBN) policy-setting council increased the Monetary Policy Rate (MPR), which measures ...
Tag: Inflation
NBS says Prices of Cooking Gas, Kerosene Increased by over 100% in 12 Months
Katsina recorded the lowest price with N4,020.00, followed by Ogun and Yobe with N4,057.14 and N4,078.46 respectively.
Financial Analyst says Cash Lost to Inflation Never Recoups [Tips]
Nobody “lost” money investing one day before the stock and real estate crash in 2007-2008, if they kept their nerve. ...
CBN Inflation Rate Benchmark at 9% – How has it Performed?
Data from the National Bureau of Statistics (NBS) reveals that the last time Nigeria witnessed single-digit inflation was in January ...
Managing Financial Obligations and Goals Amid Rising Inflation, Interest Rates
Article By STEVEN BARKER, Head Personal Lending, Standard Bank South Africa
Managing Rising Inflation in Nigeria
Over the past 10 years, Nigeria have long struggled with a general increase in the cost of food, goods, and ...
Nigeria’s Inflation Rate Hits 19.64%
According to the NBS report, the Nigeria’s urban inflation increased by 2.08% to 20.09% in July 2022 from 18.01% in ...
Nigeria’s Inflation Hits 18.6%, According to NBS
The National Bureau of Statistics (NBS) on Friday said Nigeria’s inflation rate surged to 18.60 percent in June, up from ...
World Bank Slams FG’s Slow Response to Inflation
“Despite the urgency, the authorities’ response over the last two years has not been adequate, and inflation has increased and ...
3 Safest Methods to Beat Inflation Investing In Precious Metals
Today, major economies across the world are doubling down on measures to beat historical inflationary trends.
Inflation Menace Targets Transportation Fares
Article Written by Lukman Otunuga, Senior Research Analyst at FXTM
Economists Insist Fuel Subsidy is Unproductive, Slows Economy
The Nigerian government had set in motion plans to remove the subsidy late last year. But after wider consultations with stakeholders, ...
CBN Raises Interest Rate from 11.5% to 13%
The monetary policy rate (MPR) is the baseline interest rate in an economy, every other interest rate used within an ...