Browsing Tag
Inflation
33 posts
South-East Business Owners Struggle Under Economic Pressure and Rising Expenses
Traders across South-East Nigeria report falling sales and high operating costs, urging the government to provide financial relief and address infrastructure and tax challenges.
UK Economic Growth Decelerates Amidst Political Turmoil and Middle East Conflict
British economic growth moderated to 0.4 percent in the second quarter as the country navigates leadership changes and global energy price surges caused by the US-Iran war.
Prime Minister Burnham cautioned that regional conflict may dampen UK economic expansion
New economic projections suggest that a prolonged conflict in the Middle East could significantly restrict UK growth and spike inflation by 2027.
Rufai Oseni Challenges NRS Chair Adedeji on Subsidy Removal Claims
Rufai Oseni demands that the NRS chairman account for financial losses caused by inflation after Adedeji praised the government's fuel subsidy removal policy.
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.