Interest rate hike now unavoidable in Nigeria, says FDC
With Nigeria’s inflation rate at a four-year high, an increase in interest rates is not only imminent but now inevitable,
Read more
Economics
CBN disburses N1.49trn to farmers amid rising food inflation
The Central Bank of Nigeria said on Tuesday that it had so far disbursed N1.49 trillion to 3,038,649 farmers to
Read more
Nigeria plans to resume international flights at three more airports
The Minister of Aviation, Senator Hadi Sirika, has said plans are underway to resume international flight operations at the Mallam
Read more
Nigeria’s finance minister confirms another naira devaluation
The Federal Government of Nigeria has adopted a new flexible exchange-rate policy for official transactions in a move that effectively
Read more
CBN MPC: Analysts see no scope for monetary policy easing
As the Monetary Policy Committee of the Central Bank of Nigeria begins its two-day meeting today, analysts at Capital Economics
Read more
Wema Bank appoints new executive director
The Board of Directors of Wema Bank Plc had announced the appointment of Mr Chukwuemeka Obiagwu as an executive director
Read more
Nigeria’s stagflation caused by poor policy choices: Capital Economics
Nigeria is stuck in stagflation, occasioned by poor policy choices, a London-based economic research company, Capital Economics, has said. Stagflation is
Read more
Nigeria’s forex reserves may fall to $33bn – Rewane’s FDC
Nigeria’s foreign exchange reserves may fall to $33 billion in the coming month despite higher crude oil prices, Financial Derivatives
Read more
CBN may not increase interest rates amid rising inflation: Capital Economics
Concerns about a weak economic recovery may keep the Central Bank of Nigeria from increasing interest rates amid rising inflation,
Read more
Nigeria’s inflation jumps to 17.33%, highest in four years
The inflation rate in Nigeria surged to 17.33 percent in February, its highest level in four years, official figures showed
Read more