Massive Bank Borrowing Hits N3 Trillion as Interest Rates and Fuel Prices Soar
By DAYO ADESULU Nigeria’s leading petroleum marketers have recorded a staggering rise in bank borrowing, with loans surging by 76.5% to over N3.0 trillion in...
Tag : Inflation
Diaspora Remittances Surge to $4.18 Billion in 2024 Amid CBN Reforms
By DAYO ADESULU Nigeria’s Diaspora Remittances Jump 79.4% in 2024, Reaching $4.18 Billion CBN Governor Highlights Policy Success at Monetary Policy Forum Diaspora remittances through...
Asian and European Markets Fall Following Strong US Jobs Report and Rising Oil Prices
By DAYO ADESULU with Agency Reports Asian and European markets slumped on Monday after a stronger-than-expected US jobs report dashed hopes for additional interest rate...
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World Bank Urges Nigerians to Embrace Economic Reforms for Long-Term Stability
By DAYO ADESULU Key Leaders Stress Importance of Sustaining Current Policies Amid Challenges The World Bank has called on Nigerians to actively support the ongoing...
BREAKING: Nigeria Inflation Increased by 16.47%, Highest In 3-Year
BY DAYO ADESULU Nigerian National Bureau of Statistics (NBS) has disclosed that the consumer price index which measures inflation increased by 16.47 per cent in...
Nigeria’s Inflation Rises by 11.85 % in November
The nation’s inflation rate rose to 11.85 per cent in November, its highest level since May 2018, a new report released on Tuesday by the...