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Tuesday, March 19, 2024
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CATEGORY

Economy

Nigeria February Inflation Soars to 31.7% as Food Prices Spike

Nigeria’s inflation as measured by the consumer price index (CPI), which measures the rate of change in prices of goods and services, rose to...

CBN Reports Upsurge In Dollar Inflow as Remittances Quadruple

The Central Bank of Nigeria (CBN) has reported a significant increase in dollar inflow into the economy in February 2024. The increase is attributed to...

CBN Caused Inflation by Carelessly Printing N22trn for Buhari – Edun

Minister of Finance and Coordinating Minister of Economy, Wale Edun, has blamed the Central Bank of Nigeria (CBN) under former President Muhammadu Buhari for...

Nigeria Labor Unions Begin Nationwide Protests Over Economic Hardship

Members of the Nigeria Labour Congress (NLC) have started protests in several parts of the country over the biting economic hardship. Labour and Federal Government...

CRR to 35%, Steep MPR Hike, What to Expect From Nigeria’s MPC

There is a meaningful chance the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) will raise rates steeply today as the...

Tinubu Names Dangote, Elumelu, Rabiu Members of Economic Advisory Committee

President Bola Tinubu has set up a tripartite economic advisory committee in what he described as part of his efforts in stabilising Nigeria’s economy. Some...

Nigeria Begins 2-Day MPC Meeting With All Eyes on Cardoso, Naira

Nigeria’s central bank will begin a 2-day monetary policy committee (MPC) meeting under new Governor Olayemi Cardoso today with all eyes on the attempts...

FAAC Shares Over N1trn January 2024 Revenue To FG, States, And LGs

The Federation Account Allocation Committee (FAAC) has shared a total sum of N1.149 trillion January 2024 Federation Account Revenue to the Federal Government, States...

Nigeria’s GDP Grew By 3.46% In Q4 2023, Says NBS

The National Bureau of Statistics (NBS) says Nigeria’s Gross Domestic Product (GDP) grew by 3.46% (year-on-year) in real terms in the fourth quarter of 2023. In...

Nigeria’s Capital Importation Fell 26% in 2023 to $3.9 billion

Nigeria’s capital inflows fell 26% to $3.9 billion in 2023 from $5.3 billion the previous year, the National Bureau of Statistics said in a...

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