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Tag "Inflation"

CBN raises interest rate to 16.5% as inflation persists

    CBN raises interest rate to 16.5% as inflation persists

The policy-setting committee of the Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), which measures interest rate, from 15.1 percent to 16.5 percent to tame rising

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Food, energy costs push UK inflation to 41-year high

    Food, energy costs push UK inflation to 41-year high

The inflation rate in the United Kingdom (UK), jumped in the last 12 months to 11.1 percent in October — up by one percent from August’s inflation rate. The Office

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Nigerian economic summit, October Inflation report… 7 top business stories to track this week

    Nigerian economic summit, October Inflation report… 7 top business stories to track this week

Here are the seven top business news you need to track this week — November 13 to November 18 INTERNATIONAL RAILWAY CONFERENCE AND EXHIBITION 2022 The international Railway Conference and

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Food crisis may worsen in Nigeria as Russia pulls out of grain export deal

    Food crisis may worsen in Nigeria as Russia pulls out of grain export deal

Vladimir Putin, President of Russia, has pulled out of a deal to allow the supply of grain from Ukraine’s Black Sea ports. This is coming three months after both the

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Moghalu: Naira redesign is a necessary step — but may not solve inflation

  Moghalu: Naira redesign is a necessary step — but may not solve inflation

Kingsley Moghalu, former deputy governor, Central Bank of Nigeria (CBN), says the move to redesign naira notes may not solve

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Nigeria’s low tax revenue undermines ability to tackle global shocks, says IMF

  Nigeria’s low tax revenue undermines ability to tackle global shocks, says IMF

The International Monetary Fund (IMF) has asked the Nigerian government to improve domestic revenue mobilisation to withstand global economic shocks.

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Obi: Ending insecurity is key to bringing down food inflation

  Obi: Ending insecurity is key to bringing down food inflation

Peter Obi, presidential candidate of the Labour Party (LP), says addressing insecurity will tackle inflation in the country. Speaking in

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South Africa’s inflation rate hits 13-year high at 7.8%

  South Africa’s inflation rate hits 13-year high at 7.8%

South Africa’s Bureau of Statistics says the country’s inflation rate increased to 7.8 percent in July 2022, up from 7.4

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eNaira USSD code, Nigeria’s energy transition plan… 7 top business stories track this week

  eNaira USSD code, Nigeria’s energy transition plan… 7 top business stories track this week

Here are the seven top business news you need to track this week — August 22 to August 26 NIGERIA’S

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Inflation: There’s urgent need to review salaries of civil servants, says Buhari

  Inflation: There’s urgent need to review salaries of civil servants, says Buhari

President Muhammadu Buhari says there is a need for an urgent salary review in the federal civil service owing to

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