Tag:Inflation

Tinubu presents 2025 budget, says inflation will drop from 34.6% to 15% next year

President Bola Tinubu on Wednesday, presented a total budget of N49.7tn to the joint session of the National Assembly. The budget tagged, “Restoration budget, securing...

Nigeria’s inflation rate hits 29.90% in January

The National Bureau of Statistics (NBS) says Nigeria’s headline inflation rate increased to 29.90 per cent in January 2024 from 28.92 per cent recorded...

3 out of every 10 Nigerians depend on loan apps for food, survival

Three out of every 10 Nigerians now depend on loan apps to buy food and meet other expenses for their survival in the wake...

Naira crashes to all-time record low against dollar

Naira is currently exchanging at an all-time high amount against the US dollar as forex scarcity continues to bring more pain to travellers and...

CBN moves to raise interest rate to new high

There were strong expectations yesterday that the benchmark interest rate will go up as the Central Bank of Nigeria (CBN) begins its two-day policy-decision...

Lebanon Banks to close over increasing demands by depositors for their savings

Financial institutions in Lebanon are planning to shut down for three days amid increasing demands by angry depositors for their savings. On Friday morning, five...

Why Nigerians should appreciate my borrowings- Buhari

President Muhammadu Buhari says Nigerians should appreciate massive borrowings by his regime because it provides resources to meet socio-economic needs of citizens. “While citizen concern...

How dollar spending limit is affecting businesses in Nigeria

Over the past month, Nigeria’s commercial banks declared reduced limits on international transactions using naira debit cards to $20 per month. It means Nigerians would...

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Amorim: Rashford remains Exiled Until He Meets Standards

Ruben Amorim has warned Marcus Rashford that he will remain sidelined until he begins to meet the standards expected...
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Dumping England for Super Eagles transformed my career – Lookman

Nigeria striker Ademola Lookman has said that switching his national allegiance from England to the Super Eagles in 2022...

Car Rams into Christian Procession in Gombe, Leaving Many Injured

A car on Wednesday crashed into a Christian procession in Tumfure Community, near Gombe, injuring many participants. The Gombe...

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Amorim: Rashford remains Exiled Until He Meets Standards

Ruben Amorim has warned Marcus Rashford that he will...

Dumping England for Super Eagles transformed my career – Lookman

Nigeria striker Ademola Lookman has said that switching his...