Tag: Nigeria inflation

Petrol prices hit N1,300 after 643% surge since subsidy removal as oil nears $100

Business Damilola Bayonle -
The price of Premium Motor Spirit (PMS), popularly known as petrol, has risen by approximately 643 per cent in...

CBN Naira Intervention Lifts Currency as Nigeria Tightens FX Liquidity

Business Damilola Bayonle -
Nigeria’s currency posted one of its strongest periods of relative stability in recent months after the Central Bank of...

Nigeria Credit Rating Upgrade Lifts Investor Sentiment Amid Economic Strain

Business Damilola Bayonle -
Why Nigeria Credit Rating Upgrade Matters to Investors Nigeria secured its first sovereign credit-rating upgrade in more than a decade...

Middle East crisis may reverse Nigeria’s inflation gain as prices head toward 16%

Business Damilola Bayonle -
Amid mounting global uncertainties, Nigeria’s inflation outlook is once again under scrutiny, with analysts warning that external shocks could...

Middle East crisis may reverse Nigeria’s inflation gain as prices head toward 16%

News Damilola Bayonle -
Amid mounting global uncertainties, Nigeria’s inflation outlook is once again under scrutiny, with analysts warning that external shocks could...

CBN moves to crush inflation to single digits as new policy framework takes shape

Business Damilola Bayonle -
CBN targets single-digit inflation as policy shift gains traction Nigeria’s apex monetary authority, the Central Bank of Nigeria, has reaffirmed...

Nigeria inflation may slow to 14.12% but rising energy costs pose fresh risk

Business Damilola Bayonle -
Nigeria’s inflation outlook may witness fresh pressure despite recent signs of moderation, as rising global energy costs threaten to...

December inflation report looms large: NBS meets stakeholders amid price surge fear

Business Damilola Bayonle -
NBS Engages Stakeholders Ahead of December Inflation Report Release The National Bureau of Statistics (NBS) has moved to proactively engage...

MPC may cut interest rate again today – Market braces for bold monetary move

Business Damilola Bayonle -
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) is widely expected to continue its dovish...

CBN urged to introduce N10,000 and N20,000 notes to restore naira’s value

Business Damilola Bayonle -
Calls are growing for the Central Bank of Nigeria (CBN) to introduce higher-value currency denominations — specifically N10,000 and...

Food price surge offsets inflation drop, CPPE warns

Business Damilola Bayonle -
Despite Nigeria’s recent decline in headline inflation, the Centre for the Promotion of Private Enterprise (CPPE) has cautioned that...

Peter Obi Slams Tinubu’s ‘Haphazard’ Fuel Subsidy Removal, Naira Float Policy

Business Damilola Bayonle -
Labour Party’s 2023 presidential candidate, Peter Obi, has strongly criticized the President Bola Tinubu-led administration over what he described...