The Central Bank of Nigeria (CBN) has expressed optimism about the Federal Government's recent measures to address the food supply deficit, which is expected to help curb inflation. 

According to Adetilewa Adebajo, Chief Executive Officer of CFG Advisory, Nigeria risks going in the direction of Zimbabwe and Venezuela if inflation is not curtailed.

JUST IN: CBN Raises Interest Rate to 26.75% Amidst Inflationary Pressures   The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has again increased the benchmark interest rate by 50 basis points from 26.25 per cent to 26.75 per cent. This was disclosed by...

What you Need to Know About Nigeria’s 2024 Half-year Inflation Report By Zekeri Laruba Idakwo Nigeria's inflation rate has skyrocketed to a staggering 34.19% in June 2024, marking the highest reading since March 1996. This alarming surge is likened to a wildfire, spreading rapidly and leaving...

Inflation Increases to 34.19% Amid Soaring Food Prices Nigeria’s inflation rate increased to 34.19 percent in June 2024 from 33.95 percent in May. The data is captured in the National Bureau of Statistics (NBS) in its consumer price index (CPI) report for June, released on Monday. The...

The tightening of the Central Bank of Nigeria’s (CBN) monetary policy has lead to a lack of liquidity in the banking system. As a result, in just three weeks in June 2024, several Nigerian banks and merchant banks have borrowed an estimated N3.76 trillion from the CBN to cover their daily obligations.