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Tag: inflation

World Bank: Conflict, Major Driver Of Food Insecurity In Nigeria, Others

World Bank
The World Bank has identified conflict as one of the critical drivers of food insecurity in West Africa, especially in the north-western part of Nigeria and the Liptako Gourma region,Read More

FG Seeks To Bar Foreigners From Buying Food Commodities At Farm Gate

Minister of Industry Trade and Investment, Mr. Adeniyi Adebayo
Move may rein in food inflation The Minister of Industry Trade and Investment, Mr. Adeniyi Adebayo, yesterday inaugurated an Inter-Ministerial Standing Committee to oversee the implementation of a memo onRead More

Report: Growing Inflation Eroding Purchasing Power Of Nigerians

National Bureau of Statistics
Consumer spending now mostly limited to household essentials Most Nigerians are no longer be able to afford major expenditure on discretionary or non-essential goods and services as inflation has continuedRead More

Inflation: Adjust Policies To Boost Supply, World Bank Tells Nigeria, Others

President of the World Bank Group, Mr. David Malpass
The President of the World Bank Group, David Malpass has lamented the impact of rising food and energy costs across the world, urging Nigeria and other developing countries to adjustRead More

Lai Mohammed Blames PDP For Laying Foundation For Nigeria’s Misery

Minister of Information and Culture, Alhaji Lai Mohammed
Says inflation a global trend Opposition party replies minister, says media briefing arrogant stunt to mislead Nigerians The federal government has lambasted the Peoples Democratic Party (PDP) for being theRead More

Report: FG’s Domestic Borrowing To Exceed N2.6trn In 2022

Coronation Merchant Bank (CMB)
NBS Understates Economy by 25%, Says PwC Economist The Coronation Merchant Bank (CMB) has projected that the federal government’s domestic borrowings in 2022 would exceed N2.6 trillion, while estimating thatRead More

Emefiele Forecloses Monetary Policy Tightening To Boost Recovery, Stimulate Growth

Ex-Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele
Says Nigeria not exposed to effects of US policy normalisation, others Banking industry NPLs drop 4.85%, lowest in 10 years Warns against patronage of loan sharks The Governor of theRead More

Fed Policy Tightening May Rattle Global Financial Markets, IMF Warns Nigeria, Others

International Monetary Fund (IMF)
The International Monetary Fund (IMF) advised emerging economies such as Nigeria to prepare for the United States’ interest rate hikes, warning that faster than expected Federal Reserve hike could rattleRead More

Oil Defies 2022 Surplus Forecast, Continues Bullish Run On Fading Virus Fears

Crude oil
May worsen inflationary pains by major consumers Although still early in the year, oil prices have started off 2022 on a positive note, defying experts’ prediction of a ballooning surplus,Read More

Fitch: Nigeria Will Survive Its Challenges, Despite Escalating Grievances

Fitch
Predicts 2.8% GDP Growth for Next Year Insists rising population, high unemployment, competition for diminishing resources exacerbating grievances Notwithstanding threats posed by the Islamist insurgency in the north, clashes betweenRead More