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Inflation in Nigeria

Survey: 65.8% Respondents Want Interest Rate Cut As CBN Holds MPC Meeting

A survey conducted by the Central Bank of Nigeria (CBN) revealed that 65.8 per cent of respondents want the monetary authority to lower interest rates. According to the CBN’s Inflation Expectations Survey, 23.0 percent of respondents want interest rates to remain the

July 21, 2025

Business·Finance & Economy

Currency In Circulation Hits N5.01trn As 91.2% Of Cash Remains Outside Banks

Currency in circulation (CIC) in Nigeria rose marginally by 0.24 per cent from N5.003 trillion in March to N5.015 trillion in April 2025. The increase reflects a continued build-up of liquidity in the economy despite monetary tightening efforts by the Central Bank

June 2, 2025

Business

‘CBN’s Interest Rate Remains High, Choking Businesses’

The Central Bank of Nigeria’s (CBN) decision to retain the current monetary policy parameters has continued to generate reactions from interest groups and economic analysts. Prime Business Africa had reported that during the 300th Monetary Policy Committee (MPC) meeting earlier this week,

May 24, 2025

Business·Finance & Economy

CBN Urges Fiscal Authority To Boost Efforts In Forex Earnings From Exports

The Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) has called on the fiscal authority to strengthen efforts towards enhancing foreign exchange earnings for the country, especially from oil and gas and non-oil exports. The committee made the call during the

May 21, 2025

Business·FEATURES·Finance & Economy

Inflation: Concerns About CBN’s Monetary Policy Impact As 91% Of Naira Outside Banks

As the Central Bank of Nigeria (CBN) holds its 300th Monetary Policy Committee (MPC) meeting on Monday, May 19 and Tuesday, 20 2025, to decide the next step in addressing the challenges in the economy from the monetary side, there are concerns

May 19, 2025

Finance & Economy

10 States With Lowest Cost Of Living In Nigeria

Finding affordable states to live in has become essential for low-income earners, families, pensioners, and students as Nigeria continues its journey toward economic recovery in 2025. Some states now provide much lower daily expenses, inexpensive housing, and reasonably priced transportation, as food

May 16, 2025

Finance & Economy·Opinion

Perspectives On Inflation

The Central Bank of Nigeria (CBN) has been making good efforts and using the necessary monetary tools, especially the Monetary Policy Rate (MPR), to fight inflation, and it is anticipated that the Bank will achieve its target objective in the long run.

March 12, 2025

Why CBN Retained Bencmark Interest Rate At 27.5%

Finance & Economy

Why CBN Retained Benchmark Interest Rate At 27.5%

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained the monetary policy rate (MPR), the benchmark interest rate in the country, at 27.50 percent. This was announced by the CBN Governor, Dr Olayemi Cardoso, at the end

February 21, 2025

CPPE Highlights What Must Be Done To Sustain Disinflation In Nigeria

Business·Finance & Economy

Nigerians, Businesses Need Reduction In Prices Not Just Inflation Rate – Muda Yusuf

CEO of the Centre for the Promotion of Private Enterprise (CPPE), Dr Muda Yusuf, has stated that what households and businesses in Nigeria need is a drastic reduction in prices not just inflation rate. Yusuf stated this while commenting on the January

February 20, 2025

Rebasing Nigeria's GDP Inflation and Impact on Economy

Finance & Economy

Rebasing Nigeria’s GDP, Inflation: Any Impact On Economy?

The National Bureau of Statistics (NBS), recently announced plans to rebase Nigeria’s Gross Domestic Product (GDP) and the Consumer Price Index (CPI) used to measure inflation rate in the country. The last time Nigeria did GDP rebasing was in 2014. With more

February 2, 2025

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Inflation in Nigeria

Survey: 65.8% Respondents Want Interest Rate Cut As CBN Holds MPC Meeting

Currency In Circulation Hits N5.01trn As 91.2% Of Cash Remains Outside Banks

‘CBN’s Interest Rate Remains High, Choking Businesses’

CBN Urges Fiscal Authority To Boost Efforts In Forex Earnings From Exports

Inflation: Concerns About CBN’s Monetary Policy Impact As 91% Of Naira Outside Banks

10 States With Lowest Cost Of Living In Nigeria

Perspectives On Inflation

Why CBN Retained Benchmark Interest Rate At 27.5%

Nigerians, Businesses Need Reduction In Prices Not Just Inflation Rate – Muda Yusuf

Rebasing Nigeria’s GDP, Inflation: Any Impact On Economy?

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