Higher interest rates necessary to curb inflation, says Cardoso
Olayemi Cardoso, the governor of Nigeria’s Central Bank has defended the apex bank’s recent surprising half point hike in the...
- Tuesday, October 08, 2024
BusinessDay
Olayemi Cardoso, the governor of Nigeria’s Central Bank has defended the apex bank’s recent surprising half point hike in the...
Nigeria, Africa’s most populous nation, has witnessed a slight decline in inflation after nearly two years of persistently high double-digit...
In mid-July 2024, President Bola Tinubu approved a significant increase in Nigeria’s minimum wage, raising it from ₦30,000 to ₦70,000....
Nigeria’s rising inflation, largely attributed to cost-push factors, should not be tackled with interest rate hikes, experts have said. Instead,...
The federal government has increased Nigerian workers’ minimum wage by approximately 133.3 percent to N70,000 ($44) in a renewed effort...
Nigeria’s annual inflation has remained elevated despite varying reforms by the Central Bank of Nigeria (CBN) targeted at easing the...
After nearly two years of galloping headline inflation rate, analysts are projecting that the storm will calm in July on...
Out of 400 private sector companies in Nigeria, close to 60 percent posted a rise in input costs in June,...
According to the National Bureau of Statistics, Nigeria’s headline inflation rate stood at 33.95 percent in May 2024, the highest...
Professional firm, PwC, has urged the federal government to halt plans for further increase in taxes as businesses and households...