Nigeria’s economic outlook for growth
Nigeria’s economy is currently navigating through a landscape marked by numerous challenges. At the forefront of addressing these issues is the Central Bank of Nigeria (CBN), which has taken...
CBN’s bold steps towards Monetary Policy Rate
In a strategic move reflecting confidence and stability, the Central Bank of Nigeria (CBN) has chosen to maintain the Monetary Policy Rate at 27.50 per cent. This decision underscores...
Economic realities unchanged despite inflation rate change to 24.48% after rebasing
The National Bureau of Statistics (NBS) on Tuesday said Nigeria’s headline inflation has changed to 24.48 per cent year on year in January 2025 from the 34.80 per cent...
Businesses anticipate higher spending as inflation concerns persist
The latest Inflation Expectation Survey Report released by the Central Bank of Nigeria (CBN) on Friday revealed that 50.6 per cent of businesses expect inflation to rise in January,...
Senate, Reps okay N54.99trn budget for 2025
The Senate and the House of Representatives on Thursday passed the sum of N54.99trn (N54,990,165,355,396.00) as aggregate expenditure of the Federal Government in the 2025 fiscal year. A breakdown...
Despite rising to 34.8% in December, Nigeria’s inflation seen moderating in 2025
Nigeria’s inflation rate rose to 34.8 per cent in December 2024, a 0.20 per cent increase from 34.6 per cent recorded in November 2024, the National Bureau of Statistics...