Searching for a Scapegoat: The Campaign Against President Buhari
In recent months, there has been a coordinated campaign to heap Nigeria’s current economic problems on the erstwhile administration of former president Muhammadu Buhari (2015-2023). This is a strategy of…
Fellow Nigerians: A plea to the poor killing the poor, by Ken Ugbechie
Today, I write to appeal to Nigerians; to importers, distributors, dealers and retailers of goods and services. I appeal to your conscience to take it easy on your fellow Nigerians…
CBN: Confronting Inflation And Other Challenges, By Arize Nwobu
In confronting inflation and other economic challenges, the Governor Central Bank of Nigeria (CBN), Olayemi Cardoso recently cleared the air and noted that the present CBN management was not responsible…
Inflation: CBN ups interest rate by 400 basis points to 22.75 %
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), on Tuesday increased the Monetary Policy Rate (MPR), also known as interest rate, Â by 400 basis points to…
Inflation: Demand for soft drinks, alcohol shrinks amid high prices
Some wholesalers and retailers of liquor and beverages have decried low level of patronage of their products amidst soaring costs, following price increment by bottling companies across the country. The…
Nigeria’s Inflation Rate Rises To 28.9%, Food inflation sees a 10.18% year-on-year increase
Jan. 15, 2024 The country’s headline inflation rate increased to 28.92% in December 2023, relative to the November 2023 headline inflation rate of 28.20%, according to the December 2023 Consumer…
How Illicit Financial Flows drain foreign reserve, spike inflation – ICPC chief
The Chairman, Independent Corrupt Practices and other related Offences Commission (ICPC), Prof. Bolaji Owasanoye, says Illicit Financial Flows (IFFs) are draining the country’s foreign reserves and revenue. Owasanoye said this…
Nigeria’s inflation rate hits 21.82% in January 2023 — NBS
By Okeoghene Akubuike The National Bureau of Statistics (NBS), says Nigeria’s headline inflation rate increased to 21.82 per cent on a year-on-year basis in January 2023. This is according to…
Insights About Inflation And CBN’s Policy Options, By Arize Nwobu
Inflation is an economic situation where there is a general rise in prices of goods and services. It is the increase in the cost of living in a country. Inflation…
CBN raises MPR to 16.5%, retains other parameters to temper inflationÂ
CBN Governor, Godwin Emefiele By Kadiri Abdulrahman The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), on Tuesday increased the country’s Monetary Policy Rate (MPR) by 100…