inflation

Employers and Economists Applaud Central Bank’s Bold Move to Slash Interest Rate to 27%
After a five-year interval, the Central Bank of Nigeria (CBN) has opted to lower its key interest rate, reflecting a measured adjustment in its monetary...

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Politics Today
2 weeks ago2 weeks ago

After a five-year interval, the Central Bank of Nigeria (CBN) has opted to lower its key interest rate, reflecting a measured adjustment in its monetary policy as inflation trends show consistent improvement. Concluding its two-day Monetary Policy Committee (MPC) meeting in Abuja on Tuesday, the CBN decreased the Monetary Policy Rate (MPR) by 50 basis...

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Monetary Policy Committee Meeting Sparks Debate: Analysts Split on Whether a Rate Cut is Needed
As the Central Bank of Nigeria’s Monetary Policy Committee (MPC) convenes for its September session, opinions among financial experts remain split on whether it is...

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Politics Today
2 weeks ago2 weeks ago

As the Central Bank of Nigeria’s Monetary Policy Committee (MPC) convenes for its September session, opinions among financial experts remain split on whether it is appropriate to loosen the restrictive monetary policy that has been maintained for over a year. Some analysts believe that the recent improvements in economic indicators provide the CBN with an...

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Tinubu’s Directive Fails to Stabilize Food Prices as Costs Continue to Fluctuate Across States
According to reports from our field correspondents, the cost of essential food commodities continues to show varied trends across different states nationwide. While certain regions...

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Politics Today
2 weeks ago2 weeks ago

According to reports from our field correspondents, the cost of essential food commodities continues to show varied trends across different states nationwide. While certain regions are witnessing significant price declines, others are facing either stagnant or rising costs, despite ongoing federal government interventions. Earlier this month, President Bola Tinubu mandated a Federal Executive Council committee...

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Ekiti Optimistic: Targeted Interventions Set to Tackle Soaring Inflation, Says NBS Report
The Ekiti State government remains optimistic that its strategic investments in improving business climate, enhancing road infrastructure, and expanding rural electrification will effectively combat the...

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Politics Today
3 weeks ago3 weeks ago

The Ekiti State government remains optimistic that its strategic investments in improving business climate, enhancing road infrastructure, and expanding rural electrification will effectively combat the state’s soaring inflation rates. This confidence follows the release of the National Bureau of Statistics’ (NBS) August 2025 Consumer Price Index (CPI), which revealed that Ekiti recorded a year-on-year inflation...

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Rising Imports and Inflation Pose Major Threats to Auto Manufacturing Growth
The Nigerian automotive sector is currently grappling with considerable challenges, as the surge in imported foreign vehicles combined with soaring inflation threatens the advancement of...

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Politics Today
3 weeks ago3 weeks ago

The Nigerian automotive sector is currently grappling with considerable challenges, as the surge in imported foreign vehicles combined with soaring inflation threatens the advancement of indigenous vehicle manufacturing and assembly operations. Industry leaders have voiced apprehensions that these issues could derail government initiatives aimed at fostering local automotive production, curbing unemployment, and driving economic progress....

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Tinubu’s Economic Adviser Fires Back at Atiku: “Inflation Can’t Keep Rising Forever
Tope Fasua, Special Adviser on Economic Affairs to President Bola Tinubu (Office of the Vice President), has come to the defense of the federal government’s...

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Politics Today
3 weeks ago3 weeks ago

Tope Fasua, Special Adviser on Economic Affairs to President Bola Tinubu (Office of the Vice President), has come to the defense of the federal government’s economic management, dismissing criticisms from former Vice President Atiku Abubakar in light of the recent inflation data released by the National Bureau of Statistics (NBS). Fasua characterized Atiku’s comments as...

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Naira Surges to 6-Month Peak at ₦1,497/$ Amid Slowing Inflation Boost
In August 2025, Nigeria’s headline inflation rate eased to 20.12%, down from 21.88% recorded in July, reflecting a positive shift in the country’s economic landscape....

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Politics Today
3 weeks ago3 weeks ago

In August 2025, Nigeria’s headline inflation rate eased to 20.12%, down from 21.88% recorded in July, reflecting a positive shift in the country’s economic landscape. This improvement coincided with the Naira reaching its strongest position in six months, trading at N1,497 per US dollar on the Nigeria Autonomous Foreign Exchange Market (NAFEM), signaling enhanced economic...

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Nigeria’s Inflation Cools Further in August, Falling to 20.12% as Food Prices Ease
In August 2025, Nigeria experienced a continued reduction in its inflation rate, which fell to 20.12% from 21.88% in July, marking the fifth month in...

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Politics Today
3 weeks ago3 weeks ago

In August 2025, Nigeria experienced a continued reduction in its inflation rate, which fell to 20.12% from 21.88% in July, marking the fifth month in a row of declining inflation, according to recent figures released by the National Bureau of Statistics (NBS). This represents a 1.76 percentage point decrease compared to the previous month and...

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Monetary Policy Committee Forecasts Naira to Hit ₦1,400 per Dollar by Year-End
Members of the Central Bank of Nigeria’s Monetary Policy Committee (MPC) have forecast a continued appreciation of the naira, anticipating it will strengthen to approximately...

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Politics Today
3 weeks ago3 weeks ago

Members of the Central Bank of Nigeria’s Monetary Policy Committee (MPC) have forecast a continued appreciation of the naira, anticipating it will strengthen to approximately N1400 per US dollar by the close of 2025. This positive outlook is underpinned by enhanced oil production, consistent capital inflows, and prudent liquidity management strategies. During the July MPC...

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CBN hints at possible drop in interest rates as inflation eases
Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has indicated that nigeria-fintech-savings-apps/” title=”Top Fintech Apps in … Offering the Best Competitive Interest...

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Politics Today
4 weeks ago4 weeks ago

Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has indicated that nigeria-fintech-savings-apps/” title=”Top Fintech Apps in … Offering the Best Competitive Interest Rates on Your Savings”>interest rates could decline in the coming months as inflation shows signs of moderating, a development expected to ease access to credit and stimulate investments. Cardoso made...

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