Category: Economy
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Delta leads States among slowest rise in cost of living
While the cost of living in Nigeria continues to rise, Delta State (28.67%) along with Borno (25.97%) and Benue (27.74%) States recorded the slowest rise in headline inflation for all-items inflation rate on year-on-year basis in May 2024.
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How Nigerians paid N1.43trn VAT in Q1 2024; company tax stands at N984.61bn
The National Bureau of Statistics (NBS), said the aggregate Value Added Tax (VAT) stood at N1.43 trillion in Q1 2024.
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GDP not enough to measure economic growth – AfDB
Akinwumi Adesina, the President, African Development Bank (AfDB), says an increase in the Gross Domestic Product (GDP) must translate to job creation for youths to ensure growth on the continent.
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May 29: What Tinubu’s economic indices show first year in office
Bola Ahmed Tinubu started his tenure as the 16th president of Nigeria with the inauguration of his government on 29 May 2023, taking over the reins of power from Muhammadu Buhari.
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Food prices continue to rise in Nigeria – NBS
The National Bureau of Statistics (NBS), says prices of rice, garri, tomato, beans, yam and other food items increased in April 2024.
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How price of diesel jumped from N842.25 in 2023 to N1415.06 in 2024
The National Bureau of Statistics (NBS) has said the average retail price of a litre of diesel increased from N842.25 in April 2023 to N1415.06 in April 2024.
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Reactions trail CBN raising interest rate to 26.25%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), has raised the country’s baseline interest rate by 150 basis points to 26.25 per cent from 24.75 per cent.
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Nigeria’s inflation rate hits 33.69%
The National Bureau of Statistics (NBS) has revealed Nigeria’s headline inflation rate increased to 33.69 per cent in April 2024.
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Why cow meat is expensive – MACBAN
The Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN) has attributed the current hike in prices of livestock and livestock products to the prevailing exchange rate and high cost of fuel.
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How ‘Load-shedding’ is Crippling A Nation’s Side Hustle Culture
A recent study conducted by online personal loan provider Wonga South Africa found that as many as 60% of the workforce currently on incomes of R10,000 a month or less have chosen to supplement their earnings by taking on a side hustle. However, one of the most significant challenges isn’t necessarily finding clients, juggling two…