Category: Economy
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CBN presents reason for worsening inflation in Nigeria
The Central Bank of Nigeria (CBN), says rising food prices is partly responsible for worsening headline inflation in the country.
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CPPE raises concern over CBN’s interest rate hike
The Centre for the Promotion of Private Enterprise (CPPE) has raised concerns over the Central Bank of Nigeria’s (CBN) sustained tightening of the Monetary Policy Rate (MPR), now at 27.50 per cent.
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Nigeria’s GDP grew by 3.46% in Q3 – NBS
Nigeria’s Gross Domestic Product (GDP) grew by 3.46% in real terms in 3rd quarter (Q3) of 2024 on a year-on-year basis.
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Inflation rate in Nigeria rises to 33.88%
The National Bureau of Statistics (NBS) says Nigeria’s headline inflation rate increased 33.88 per cent in October 2024. The NBS disclosed this in its Consumer Price Index (CPI) and Inflation Report for October 2024, which was released in Abuja on Friday.
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Economist warns FG against World Bank, IMF
The Chief Economist at SPM Professionals, Paul Alaje, has called on the Federal Government to be careful with advice given by global financial institutions like the World Bank and the International Monetary Fund (IMF).
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FG targets $1trn economy by 2030 via financial inclusion
The Federal Government says it is putting sustainable mechanisms in place to build a $1 trillion economy by 2030 through financial inclusion.
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Farmers warn food prices may go higher in 2025
The Small Scale Women Farmers Organisation in Nigeria (SWOFON) has expressed concern that food prices may go higher in 2025 if challenges facing farmers are not accorded due attention.
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Dynamics driving inflation yet to be subdued – CPPE
Centre for the Promotion of Private Enterprises (CPPE) says factors driving inflation dynamics have yet to be effectively subdued, hence the resurgence in the country’s inflationary figure.
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FG unveils new scheme to control inflation
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has unveiled an ambitious agenda for economic reform to reduce inflation, create jobs, and foster growth in key sectors.
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Real reason for high cost of eggs – Poultry farmers
Mr Omidokun Oyekunle, Chairman of the Oyo State chapter of Poultry Association of Nigeria (PAN), has called for the intervention of Federal, State and Local Governments in the poultry business.