"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...

"Nigeria Needs Efficient Fiscal Spending To Curb Inflation"   The federal government has been urged to make public expenditure more efficient as well as address the challenges of supply to curb inflation. Speaking at the 13th Annual Bankers’ Committee Retreat, the Managing Director/Chief Economist at Analysts Data...

Banks’ Consumer Loans Increases By 31% To N2.55trn On Rising Inflation     On the back of rising inflation rate in Nigeria, banks’ consumer loans rose by 31 per cent or N615.82 billion in one month to N2.55trillion in July 2022 from N1.93trillion in June 2022, the...

Emefiele Says Nigeria’s Inflation May Drop To Below 15% Next Year   The Central Bank of Nigeria is targeting a drop in the country’s inflation rate to less than 15 per cent by end-2023. The governor of the apex bank, Godwin Emefiele, stated this at the 57th...

Prices May Soar as Inflation Hits Bottled Water Producers The Association of Table Water Producers of Nigeria has announced plans to shut down operations, and hike prices of sachet and bottled water due to the high cost of production and raw materials. It noted that the...

Rising Inflation Drives Consumption Expenditure To N57trn In H1, 2022   Rising inflation drove Nigerians’ consumption expenditure to N57.08trn in the first half of 2022. This is a 14.39 per cent increase from the N49.89tn that was spent in the corresponding period of 2021, according to the...