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Sunday, October 24, 2021
Inflation Threat: Analysts Predict Policy Rate Hike

Inflation Threat: Analysts Predict Policy Rate Hike

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To curb the Nigerian jumpy inflation rate threat on the economy, analyst have predicted that the current dovish stance may be coming to a halt, saying the Nigerian Central Bank monetary policy committee will most likely increase benchmark interest rate in May.
Lagos, 7th fastest growing city globally, Nigeria’s highest IGR – NIPC

Lagos, 7th Fastest Growing City Globally, Nigeria’s Highest IGR – NIPC

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The Nigerian Investment Promotion Commission (NIPC) says Lagos state is the seventh fastest growing city in the world, with highest Gross Domestic Product (GDP) and Internally Generated Revenue (IGR) in Nigeria.
Nigeria’s headline inflation has been projected to maintain uptrend to click 18.30% for March, 2021 from 17.33% in February after 18 months consecutive rise.

Nigeria’s Inflation Rate for March Projected to Hit 18.30%

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Nigeria’s headline inflation has been projected to maintain uptrend to click 18.30% for March, 2021 from 17.33% in February after 18 months consecutive rise.
CBN says banks remain stable, resilient despite pandemic

Naira: Official Exchange Rate Falls 92.4% in 5-Year

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The Nigerian Central Bank (CBN) official foreign exchange rate depreciated 92.4% in the last five years amidst unmet rising demand for foreign currencies in the country.
Nigeria’s Recovery Path Remains Blurry despite Improved Projection – Afrinvest

Nigeria’s Recovery Path Remains Blurry despite Improved Projection – Afrinvest

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The Nigeria’s economy recovery path remains blurry despite improved projection, Afrinvest said while reviewing the World Economic Outlook report.
Nigeria’s PMI Indicates Economic Recovery Underway, Albeit Slow

Nigeria’s PMI Indicates Economic Recovery Underway, Albeit Slow

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Following positive macroeconomic direction recorded in the fourth quarter of year 2020, analysts have explained that Nigeria’s purchasing manager index has shed light that economic recovery is underway, albeit slow.
Nigeria’s Local Currency Stabilises on Foreign Currency Inflow

Nigeria’s Local Currency Stabilises on Foreign Currency Inflow

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The Nigeria’s local currency, Naira, was stable across the foreign exchange (FX) markets as foreign currency inflow slightly raised external reserves week on week as oil prices remained high.
UN report warns, Africa faces a severe debt crises, unless …

UN Report Warns, Africa Faces a Severe Debt Crises, Unless …

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African countries need strong policies and further support from the international community to avert a debt crisis and protracted low growth, says the United Nations.
Cititrust Financial Services to list by introduction on NSE by Q2

Cititrust Financial Services to List by Introduction on NSE by Q2

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Cititrust Financial Services, an investment firm, has perfected arrangements to list by introduction on the nation’s bourse before the end of the second quarter.
Imo Attacks: Apprehend, prosecute the anarchists, Buhari tells Security agencies

Gas Revolution: Nigeria to Fully Utilize Gas Resources to Uplift Economy – Buhari

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President Muhammadu Buhari says his administration will fully utilize the enormous gas resources in the country to uplift the economy and drive industrialization.