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Renaissance Capital Says Naira Undervalued By 30%

Renaissance Capital Africa has said that the Naira is currently under-valued by about 30 per cent.The company said in its economic report that 2024...
Business

JUST IN: Nigeria’s inflation rate hits 31.70% for February, as cost of living soars

Nigeria’s headline inflation has moved up to 31.70 percent in February up from 29.90% in January 2024, latest data released by the National Bureau...
Business

Food Shortage: Buyers Besiege Enugu’s Herder-Crisis Ravaged Community

Eha-Amufu community in Isi-Uzo Local Government Area of Enugu State recently became a beehive of activities as major food dealers from across most states...
News

Court orders FG to fix prices, inflation as agitation heightens

• Fresh protest breaks out in Niger after arrest of 25 protesters • Sowore demands release of Minna protesters • FG: We’ll open national reserves to address...
Politics

We’re working hard to tackle inflation, stabilize Naira, end insecurity – Nigerian govt

The Federal Government, on Sunday, said it is committed to bringing down inflation, stabilising foreign exchange rates, tackling insecurity, and creating a truly enabling...
Business

Nigeria’s inflation worsens to 27-year high, hits 28.92% in December

By Motolani OseniNigeria’s headline inflation rate rose to 28.92 per cent in December 2023 from 28.20 per cent in November, highest in 27-year, the...
Business

JUST IN: For 11th consecutive month, Nigeria’s inflation rate rises, hits 28.92% for December

Nigeria’s inflation rate has continued its upward increase, hitting 28.92 in December 2023 up from 28.20% recorded in the previous month of November 2023.The...
Business

Nigeria’s inflation rate rises for 11th month to 28.2%

Nigeria’s inflation rate for the eleventh consecutive month rose higher, reaching 28.2 percent in October 2023, according to the National Bureau of Statistics (NBS).The...
Business

Amid rising inflation rate, CBN says monetary policy stance yielding desired economic impact

Despite the rising inflation rate in Nigeria, the Central Bank of Nigeria (CBN) has declared that the monetary policy reforms put in place have...
News

Currency depreciation, high energy cost worsen inflation outlook

• 0.37% drop shows inflation is decelerating, says CBN • Price crisis not abating soon, experts insist • Anchor Borrower Programme worsens food inflation, farmers argueNigerian...
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