Banks’ Operating Expenses Rise By 19.2% On High Inflation, Regulatory Charges   Following a high inflation rate and regulatory charges, a total of 14 Nigerian banks reported N2.03 trillion total operating expenses in nine months of 2022, representing an increase of 19.2 per cent from N1.7...

IMF: Worsening Unemployment,Slow Growth, High Inflation, Becoming Worrisome   IMF EXECUTIVE Board of the International Monetary Fund (IMF) has expressed worry over sluggish growth in Nigeria’s non-oil sector, stubborn inflation and worsening unemployment. In their report on Article IV consultation, which ended on March 5, the Fund’s...

In the past six months, the prices of essential food items have risen significantly in consonance with the rising level of inflation in the country, which hit an 11-year high of 16.5 per cent last month. The National Bureau of Statistics on Monday released the Consumer...