Despite Liquidity Squeeze, CBN Raises N4.74trn From Treasury Bills
Despite liquidity squeeze in the economy, the Central Bank of Nigeria (CBN) raised a total of N4.74trillion via Nigerian Treasury Bills (NTB) in 2022, representing a decline of 21.64 per cent from N6.05 trillion raised in...
Inflation Falls Slightly, Production Costs Remain High - NBS
The National Bureau of Statistics report has indicated that Nigeria’s headline inflation fell from 21.47 per cent in November 2022 to 21.34 per cent in December 2022.
In 2022, the country’s inflation rate rose from January to...
Fed Govt Commences Minimum Wage Review
The National Salaries Incomes and Wages Commission says it has initiated process for the review of the National Minimum Wage.
NSIWC’s Head of Public Affairs, Mr Emmanuel Njoku, said this in a statement on Sunday in Abuja.
Njoku said as part...
2023 FGN Budget Figures Unrealistic, Not In Agreement With Budget Objectives – Dr. Uba
Expenditure cuts on government consumption, transfers will ensure fiscal viability/consolidation than tax increases
Fiscal viability can’t be created, sustained with growing budget deficit funded by public debt- Uba
Analysis of 2023 budget shows...
'Recession, Hyperinflation Likely In 2023'
The Lagos Chamber of Commerce and Industry (LCCI) has said that economic conditions across regional blocs show that a recession or a significant slowdown of growth in 2023 is likely owing to spiralling inflation, high energy cost, monetary policy tightening,...
"Rising Inflation, Unemployment Will Persist"
A report by Money Africa has said that Nigerians need to get out of bad debts to survive the financial challenges in 2023.
It noted that the residual effect of the pandemic, Russian Ukraine war and high inflation had affected the...
