Tag: Bank of America

Why Tinubu should ban dollar cash transactions - Operator
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Nigeria is on the right track, Tinubu tells Bank of America

President Bola Ahmed Tinubu has voiced confidence that his administration is on the right track despite the country’s issues, saying Nigeria has no excuse to disappoint the rest of the African continent. The Special Adviser to the President, Special Duties, Communication, and Strategy, Dele Alake, revealed this in a statement on Tuesday. As he welcomed visiting […]

How inflation, forex crisis may affect consumer goods industry - Report
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Nigeria’s inflation may hit 30%, Bank of America warns

The Bank of America has cautioned that the Central Bank’s Monetary Policy Committee may need to raise interest rates by at least 700 basis points by the end of the year to control inflation. The bank’s sub-Saharan Africa economist, Tatonga Rusike, stated in an interview with Bloomberg on Monday that the increase was required to combat the skyrocketing […]