Category: Economy
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Reactions trail 4th consecutive hike in interest rate by CBN
The stock market’s performance index closed 0.08 per cent weaker on Tuesday as investors reacted negatively to the Central Bank of Nigeria’s (CBN) hike in the Monetary Policy Rate (MPR).
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Real reason CBN raised interest rate again
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday raised the country’s baseline interest rate by another 50 basis points to 26.75 per cent.
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BREAKING: Again, CBN hikes interest rate
The Monetary Policy Committee (MPC), on Tuesday announced another increase in the country’s Monetary Policy Rate (MPR), known as the baseline interest rate, to 26.75 per cent from 26.25 per cent.
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How FG is tackling hardship in Nigeria – Minister
Alhaji Mohammed Idris, Minister of Information and National Orientation, says the Federal Government is taking additional measures to ensure that the hardship experienced by Nigerians is drastically reduced.
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87% of Zamfara farmers back to farms – CP
The Police Command in Zamfara says that 87 percent of farmers in the North-Western state have returned to their farms following an improvement in the security situation.
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Measures to tackle inflation working – CBN Governor
The Governor of Central Bank of Nigeria (CBN), Yemi Cardoso, has reassured Nigerians that the bank’s economic reforms were yielding significant results.
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Nigerians are hungry – APC chieftain tells Tinubu
Mr Olatunbosun Oyintiloye, a chieftain of the All Progressives Congress (APC), has appealed to President Bola Tinubu to urgently address the issue of high cost of food items in the country.
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Citizens groan as prices of foodstuffs soar
In tune with the extant global trends, Nigeria is experiencing an unprecedented increase in the cost of basic food items. Findings in Kaduna, Kano and Katsina States have shown that Nigeria was not an exception.
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Cost of cooking gas, kerosene, petrol continue to rise in Nigeria
Recent reports released by the National Bureau of Statistics (NBS) indicate that the average price of cooking gas, kerosene and petrol continue to rise across the country.
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Nigeria will continue to be in trouble in terms of food – Mile 12 Market Chairman
Chairman of Mile 12 Market in Lagos State, Shehu Usman Jubrin has said Nigeria will continue to be in trouble in terms of the prices of food items in the country.