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Nigeria Inflation News - Page 7

Peter Obi Reveals Why Inflation, Dollar Rate Rise Under Buhari’s Gov’t

The Presidential candidate of the Labour Party (LP), Peter Obi, has revealed the reason Nigeria’s inflation and the exchange rate has been on an upward path under President Muhammadu Buhari. Obi said the fiscal rascality or weak governance structure is to blame

January 17, 2023

Five Blue-chip Stocks That Beat Nigeria’s 2022 Inflation Rate

Business·Insights·Markets

5 Blue-chip Stocks That Beat Nigeria’s 2022 Inflation Rate

In 2022, Nigeria experienced historic inflation, with the rate closing in November at 21.47 per cent, the highest level in 17 years. Within 11 months, inflation soared by 37.6 per cent, having posted a 15.6 per cent rate in January 2022. This

January 11, 2023

Business·News

FG To Increase Workers’ Salary 2 Months To Presidential Election

Two months to Nigeria’s Presidential election scheduled for February 25, 2023, Minister of Labour and Employment, Chris Ngige, has disclosed that workers’ salary will be increased. The rise in cost of living has compelled the Federal Government to review workers’ salary after

December 28, 2022

Nigeria’s Minimum Wage Now N19,355 – World Bank Says, Reveals Factors Hindering Growth

Business·News

INFLATION: Nigeria’s N30k Minimum Wage Now Worth N19,355 – World Bank

Nigeria’s poverty population has risen by 5 million in 2022, the World Bank’s Chief economist, Alex Sienaert, has revealed, blaming rise in inflation rate which has reduced the value of minimum wage in the country. Prime Business Africa had reported that Nigeria’s

December 16, 2022

Nigeria's Treasury Bills Surpass N6.6trn In 2023 Amid Economic Headwinds

Business·Currency

Rise In Dollar Rate: 4 Ways New Naira Will Affect Nigerians, Economy

Last week Wednesday, President Muhammadu Buhari unveiled the new naira redesigned by the Central Bank of Nigeria (CBN), opening a new vista of events in Nigeria’s monetary policy management framework. The redesigned naira was received with mix reactions. Many expressed their disappointment

November 30, 2022

CBN Places Service Restriction On PoS Agents Across Nigeria

Business·News

CBN’s Emefiele Raises Concern Over Inflation, Hikes Up Borrowing Costs

The cost of borrowing has been increased by the Central Bank of Nigeria (CBN) after the financial regulator announced 16.5 per cent as the new interest rate in the country. Interest rate shows the cost of loan repayment, and the previous rate

November 22, 2022

Finance & Economy

Inflation: CPPE Seeks Concessionary Import Duty For Industrialists

Centre for Promotion of Private Enterprise (CPPE) has called on the Nigerian government to review it’s tariff policies by granting concessionary import duty on intermediate products as a way of addressing the inflationary pressures on producers, individuals and the economy in general.

November 17, 2022

How Loss Of Over $5 Trillion In U.S. Stock Exchange Affects Nigeria

Business

Nigerian, US, UK Stock Markets Fall To Soaring Inflation, Higher Interest Rates, Two Others

Investors’ confidence in the stock markets globally is declining in the face of higher interest rates, soaring inflation, impending recession, and falling oil prices. This led to the global stock market’s All-World Index falling for a second straight week, with the latest

September 25, 2022

Buhari Mourns Isaac Sagay, Former Nigeria’s Ambassador To The Holy See

Business

Reason Buhari Increased Tour Allowance Of Ministers, PermSec, Civil Servants By N50,000

Nigeria’s cost of governance is set to skyrocket, as the duty tour allowances (DTAs) for Ministers, Permanent Secretaries and Civil Servants on grade level one to 17 has been increased by President Muhammadu Buhari due to soaring inflation. Last month, President Buhari

September 4, 2022

Business

CBN’s Godwin Emefiele Increases Savings Interest Rate – How It Affects Nigerians, Inflation

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has increased interest rate on savings account, as the apex bank said Nigeria’s economy has returned to normalcy. In a circular dated August 15, the financial regulator directed commercial banks to

August 16, 2022

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Nigeria Inflation News - Page 7

Peter Obi Reveals Why Inflation, Dollar Rate Rise Under Buhari’s Gov’t

5 Blue-chip Stocks That Beat Nigeria’s 2022 Inflation Rate

FG To Increase Workers’ Salary 2 Months To Presidential Election

INFLATION: Nigeria’s N30k Minimum Wage Now Worth N19,355 – World Bank

Rise In Dollar Rate: 4 Ways New Naira Will Affect Nigerians, Economy

CBN’s Emefiele Raises Concern Over Inflation, Hikes Up Borrowing Costs

Inflation: CPPE Seeks Concessionary Import Duty For Industrialists

Nigerian, US, UK Stock Markets Fall To Soaring Inflation, Higher Interest Rates, Two Others

Reason Buhari Increased Tour Allowance Of Ministers, PermSec, Civil Servants By N50,000

CBN’s Godwin Emefiele Increases Savings Interest Rate – How It Affects Nigerians, Inflation

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