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Inflation: Experts urge CBN against tighter monetary policy

Experts have advised the Central Bank of Nigeria to withdraw from further deployment of monetary policy tightening as a tool to check the inflationary pressure.   According to Vanguard, Managing

Alade Abayomi ADeleke Alade Abayomi ADeleke

5kg cooking gas now 37% higher than 2021 – NBS

The National Bureau of Statistics has revealed that Nigerians now pay 37.34% more to refill a 5kg cooking gas than the previous year.   The NBS made this known in

Alade Abayomi ADeleke Alade Abayomi ADeleke

Afreximbank launches TRADAR Club to boost African trade

African Export-Import Bank has launched TRADAR Club, a member-driven network aimed at empowering international businesses and executives to transform trade and investments within Africa.   Vanguard reported that Afreximbank’s Media

Alade Abayomi ADeleke Alade Abayomi ADeleke

Ghana halts payment on Eurobond, others

Ghana has declared a halt to debt service payments on its commercial loans, Eurobond loans, and bilateral debts. This was confirmed by the Ghanaian ministry of finance in a press

Joy Onuorah Joy Onuorah

Tailors decry lack of patronage as price of materials soar

The high cost of materials have affected the price of sewing, the ripple effect being that tailors now experience low patronage, as many customers can't afford the price hike.  

Alade Abayomi ADeleke Alade Abayomi ADeleke

Agricultural revolution created 13m jobs – Buhari

The President, Major General Muhammadu Buhari (ret.d), has stated that over 13 million direct and indirect employment have been created in Nigeria in the past seven and a half years,

Joy Onuorah Joy Onuorah

Withdrawal limit: PoS agents not endangered by new policy, says CBN

The Central Bank of Nigeria has debunked claims that its new policy limiting cash withdrawals is targeted at point-of-sales agents.   Recall, that the apex bank, earlier in December, announced

Alade Abayomi ADeleke Alade Abayomi ADeleke

PWD: Merchant Bank donate gifts worth millions to Lagos school

NOVA Merchant Bank, on Thursday, visited the Pacelli School in Surulere, Lagos, for the Blind and Partially Sighted, donating valuable goods and materials worth millions of naira, in commemoration of

Alade Abayomi ADeleke Alade Abayomi ADeleke

Arik Air to resume flight in Asaba, Ilorin, others

Arik Air will restart service to the capital cities of Asaba, Ilorin Kwara, and Delta states respectively on December 20, 2022. According to a press statement from Arik Air spokesman

Joy Onuorah Joy Onuorah

Banks run out of new naira, demand increases

  About 24 hours after the new naira notes officially entered circulation, reports revealed that banks have run out of the newly-printed denominations leading to increased demand. The shortage of

Marcus Amudipe Marcus Amudipe

VIDEO: Nigerian banks dispense new naira notes

Commercial banks have started dispensing the newly redesigned naira notes to over-the-counter customers.   Channels Television, on Thursday, reported that some banks in major cities across the country have begun

Alade Abayomi ADeleke Alade Abayomi ADeleke

Nigeria’s inflation hit 21.47% in November

Nigeria’s inflation rate rose to an all-time high of 21.47% in November, coming from 21.09% in October.   The latest inflation report by the National Bureau of Statistics revealed this

Alade Abayomi ADeleke Alade Abayomi ADeleke
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