Rate Cut to Ease Financial Burden on SMEs, Households – CBN   The Central Bank of Nigeria (CBN) has stated that reducing the monetary policy rate by 50 basis points is a strategic move aimed at supporting the nation’s economic recovery, particularly in relation to Small...

Customs Duty Rises to N1,457 per Dollar The exchange rate for import duties collection by the Nigerian Customs Service (NCS) has risen to N1457/$, the highest in just over six weeks, according to checks on the exchange rate portal of the NCS. According to data on...

Musing on Nigeria’s Disturbing Unemployment Rate By Rahma Oladosu     No prize for guessing that Nigeria's unemployment crisis is getting worse. But that is not all, it is also casting an ominous pall on the country. But do our leaders at the state and federal levels worry about...

Report Predicts October Inflation Rate To Rise FSDH Research expects the inflation rate (year-on-year) to rise further to 11.34 per cent in October from 11.28 per cent recorded in September. The expected increase in the inflation rate will reflect higher prices observed within the food and...

Nigeria, Others Concerned Over US Fed Interest Rate Hike The United States Federal Reserve wednesday raised interest rates again at the end of its Federal Open Market Committee (FOMC) meeting, raising concerns of increased turmoil in emerging markets (EMs). Specifically, the Fed increased the target for...

Interest Rate Hike Looms As MPC Meets The two-day Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) meeting, which commences today will be closely watched after the country’s emerging market peers – Turkey and Russia- recently raised interest rate. This development is coming as the...