Category: Economy
-
MPC: Continuous increasing of MPR will not grow Nigeria’s economy – Ex-CBN director
Former Director of Research, Central Bank of Nigeria (CBN), Dr Titus Okunrounmu, says the continuous increasing of Monetary Policy Rate (MPR) by the bank’s Monetary Policy Committee (MPC) will not help the economy to grow. Okunrounmu said this to NAN on Wednesday in Ota.
-
Ex-President Obasanjo advises FG on how to curb food insecurity
Former President, Chief Olusegun Obasanjo, has charged the Federal Government to engage youths in agricultural business to provide jobs for unemployed youths and curb food insecurity.
-
How bread has become a luxury staple food
With the continuous increase in the price of bread, many residents of the Federal Capital Territory (FCT) say they are struggling to keep up with the cost of the staple food.
-
FAAC shares N1.152trn revenue among FG, states, LGCs
The Federation Account Allocation Committee (FAAC) has shared a total sum of N1.152 trillion February revenue to the Federal Government, states and Local Government Councils (LGCs).
-
How price of diesel rose from N836.91 to N1,257.06 – NBS
The National Bureau of Statistics (NBS) says retail price of a litre of diesel increased from N836.91 in February 2023 to N1,257.06 in February 2024.
-
Hike in price of ‘pure water’ unacceptable – FCCPC
Federal Competition and Consumer Protection Commission (FCCPC) has described the astronomical increase in the price of sachet water as unacceptable.
-
Why inflation may persist – CBN Governor
Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso has said inflationary pressures, driven predominantly by escalating food prices, may persist in the short term.
-
European Central Bank keeps key interest rates on hold
The European Central Bank (ECB) has kept its key eurozone interest rates unchanged at its monetary policy meeting on Thursday.
-
Finance Minister to chair South-West public hearing on minimum wage
Mr Wale Edun, the Minister of Finance and Coordinating Minister for the Economy will chair the South-West zone public hearing on the new national minimum wage on Thursday in Lagos.
-
Hardship: Church opens bakery to support members with ‘daily bread’
The Shepherd House Assembly International has launched its Shepherd’s Sure Bread to assist the indigents in the Church and other communities.