'Inflation to Hit 30% by December'   KPMG forecasts that Nigeria’s headline inflation will rise to 30 percent by December 2023, attributing the anticipated increase to recent reforms, such as fuel subsidy removal, and the unification of the foreign exchange market. The insights were shared in KPMG’s...

Report Reveals Kerosene Soared By 136% To N1,105 In December, 2022   The average retail price per litre of household kerosene rose by 136 per cent to N1,105 in December 2022 from N468 in the same period of the previous year, the latest data released by...

Ahead of December 15 Policy, Banks Receive Redesigned Notes The Central Bank of Nigeria (CBN) has commenced the distribution of the newly redesigned naira to the banks in readiness for issuance to customers as the new policy kicks off December 15, 2022. Godwin Emefiele, CBN’s governor...

Naira Redesign: CBN Launches Countdown Clock The Central Bank of Nigeria has launched a countdown clock on its website for the January 31, 2023 deadline for the N200, N500, and N1,000 notes currently in circulation. The apex bank had announced a Naira redesign policy to produce...

National Assembly To Pass Appropriation Bill December - Lawan   The Senate President, Ahmad Lawan, has said that the National Assembly will pass the 2023 Appropriation Bill of N20.5 trillion before the end of December. He made this known on Tuesday at a reception organised in his...

FG Raises Power Tariff December, Begins Free Meters Purchase   Power consumers nationwide may start to pay more for electricity, following plans by the Federal Government to carry out a review of power tariff. This came as the Federal Government said on Wednesday it had commenced the...