Browsing Tag
Inflation
29 posts
Nigeria Records 17-Year Peak in Foreign Reserves at $52.5 Billion
Nigeria's foreign reserves have climbed to $52.5 billion, a 17-year high, driven by successful economic reforms and increased investor confidence, according to the Central Bank of Nigeria.
Nigeria Foreign Reserves Hit 17-Year High, Surpassing CBN Yearly Goal
Nigeria's foreign reserves reached a 17-year high of $52.5 billion, exceeding the Central Bank of Nigeria's annual goal due to bolstered investor confidence and successful policy reforms.
United Capital Forecasts Sustained High Interest Rates Due to Inflation
United Capital Plc anticipates high interest rates through late 2026, citing stubborn inflation and global oil market volatility while reporting robust half-year financial growth.
Experts split on impact of Tinubu’s economic policies
Economists offer mixed reviews on President Tinubu’s reforms, contrasting government claims of macroeconomic growth with opposition concerns over rising living costs and poor implementation.
Bank of England maintains rates while monitoring Middle East conflict
The Bank of England has held interest rates at 3.75% but warned that further conflict in the Middle East could force an increase to combat rising energy-driven inflation.
Rising Burger Costs Fail to Boost Farmer Profits
While consumers face 'burgerflation' and rising prices for summer food staples, farmers and small-scale food producers report that these increased costs are not translating into higher profits for them.
OTACCWA Predicts Impending Rice and Tomato Shortages in Nigeria
An agriculture expert warns that Nigeria faces looming shortages of rice and tomatoes within three months, driven by rising costs, insecurity, and declining production.
Global oil prices reach $100 per barrel amidst Middle East tensions
Oil prices have climbed to $100 per barrel for the first time since May as renewed conflict in the Middle East sparks supply concerns and fuels inflation fears.
CBN Governor Links Low Circulation of N100 and N200 Notes to Digital Shift
Governor Olayemi Cardoso asserts that N100 and N200 notes are still legal tender, attributing their reduced visibility to the expansion of digital payments and the effects of inflation on purchasing power.
UK food costs drop but inflation is projected to rise
Inflation in the UK slowed to 2.6% in June due to lower fuel and food costs, though experts anticipate a rebound as energy prices climb.