CBN Pushed N2.907trn Cash Into Circulation In 2020   Despite the rising inflation, the Central Bank of Nigeria (CBN) allowed about N2.907 trillion or 19.06 percent more currency in circulation in the economy as at end-December 2020 compared to the N2.441.67tr currency in circulation at end...

W/Bank Sees Crude Prices Rising Till June 2022, Fuelling Inflation   Energy prices soared in the third quarter of 2021 and are expected to remain elevated in 2022, adding to global inflationary pressures and potentially shifting economic growth to energy-exporting countries from energy-importing ones, the World...

Inflation down to 16.63% Nigeria’s apex statistical agency, the National Bureau of Statistics (NBS) has said the inflation rate wnt down from 17.01 per cent in August 2021 to 16.63% in September 2021. The 0.38% reduction translates to the sixth consecutive month that it has declined,...

'Purchase Price Inflation Rises On Forex Challenge'             Unfavourable exchange rate movement exerted pressure on cost, leading to a rise in purchase price inflation. Stanbic IBTC Bank Nigeria disclosed in its Purchasing Managers Index report for the third quarter of 2021. The report however added that private sector...

Regulatory Costs, Inflation Push Banks’ Operating Expenses To N874bn           Nine commercial banks in Nigeria recorded an aggregate operating expense of N874.8bn in the first half of the year. This figure indicates an increase of N51.9bn from the total OPEX of N822.9bn recorded in the corresponding period...

Mixed Reactions As Inflation Falls To 17.38%       The headline inflation slowed for the fourth consecutive month in July from a year-on-year (YoY) growth of 17.75 per cent reported in June to 17.38 per cent. This was contained in the consumer price index (CPI) released by the...