Nigeria’s Private Sector Struggles With Economic Impact Of COVID-19, Inflation, Devaluation       The COVID-19 crisis has brought with it disastrous economic effects. As the virus continues to spread, business and world economies have been experiencing a huge decline in revenue. According to KPMG, about 94 per...

Increase Productivity, Reduce Cost To Curb Inflation – LCCI     The Director-General, Lagos Chamber of Commerce and Industry, Mr Muda Yusuf, has said there is a need to boost productivity, reduce costs of logistics, and address production cost issues which are affecting inflation in the country. Yusuf...

Naira Devaluation’ll Raise Debt Profile, Inflation - Experts     The recent devaluation of the naira will lead to a rise in the debt profile of the country and banks in naira terms among other side effects, experts have said. The Central Bank of Nigeria recently adjusted the...

MPC To Retain Policy Rates As Analysts See Further Rise In Inflation   The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) meeting today is expected to retain its policy rates at current levels following the sharp increase in the inflation rate to...

Inflation Increased By 12.56% In June – NBS   The National Bureau of Statistics (NBS ) has said Consumer Price Index (CPI) that measures inflation increased by 12.56 per cent in June 2020. According to its website report titled “CPI June Report 2020, “The consumer price index,...

Nigerians Believe Rising Inflation’ll Weaken Economy – CBN     Many Nigerians believe that rising inflation will lead to a weaker economy, according to a survey by the Central Bank of Nigeria. The Statistics Department of the CBN disclosed this in its ‘Q2 2020 Inflation Attitudes Survey Report’,...