Nigeria’s Food Prices Soar as June Inflation Reaches 34.19% – Nigeria Bulletin

By Wakanda In June 2024, Nigeria saw a surge in food prices with headline inflation reaching 34.19%. Essential items like beans, tomatoes, and yam saw dramatic increases, prompting the…

Dangote Refinery, others will reduce Nigeria’s rising inflation – Refiners to FG – Daily Post

By Ogaga Ariemu Nigerian government has been told that collaboration with Dangote Refinery and other local refineries will end the country’s rising inflation which stood at 34.19 percent in…

Nigeria’s inflation rate exaggerated, says APC National Secretary Basiru – Premium Times

By Falmata Daniel The National Secretary of the ruling All Progressive Congress (APC), Surajudeen Basiru, said Wednesday that Nigeria’s inflation rate, as given by the state-owned National Bureau…

Inflation: Nigeria heading to direction of Zimbabwe, Venezuela – Adebajo warns – Daily Post

By Francis Ugwu Adetilewa Adebajo, Chief Executive Officer of CFG Advisory, says Nigeria risks going in the direction of Zimbabwe and Venezuela if inflation is not curtailed. Adebajo emphasized…

Forex Windfall Levy May Be Counterproductive – Experts – Leadership News

by Bukola Aro-Lambo and Olushola Bello Bankers, experts and other critical stakeholders in the Nigerian financial sector yesterday urged the federal government to reconsider the imposition of a 70 per cent…

Wema Bank unveils payment platform for MSMEs – The Nation News

by The Nation As part of efforts to provide a new lease of life for micro, small and medium enterprises across the country, Wema Bank has launched ALATPay, a…

BVN-Bank Linkage Hits 62.7m In July – NIBSS – Leadership News

by Royal Ibeh The linkage of Bank Verification Number (BVN) to bank accounts has increased to 62.7 million in July, compared to 61.87 million recorded in early May, 2024,…

OPS Asks CBN To Settle $2.4bn FX Forwards – Daily Trust

By Peter Moses Members of the Organised Private Sector (OPS) have called on the Central Bank of Nigeria (CBN) to promptly settle valid outstanding Foreign Exchange (FX) forwards…

Alia seeks CBN support to develop Benue’s agric, mining sectors – Daily Post

By Ejembi Ogwuche Benue State Governor, Rev FrHyacinth Alia, has solicited the support of the Central Bank of Nigeria (CBN) in streamlining the state’s economy to foster economic growth,…

Companies May Lose N2.4tn as Concerns Mount over Unsettled FX Forwards – This Day News

By James Emejo in Abuja and Dike Onwuamaeze in Lagos Delays may affect profit tax, FG income, millions of job NESG: We’re engaging CBN on the issues  NECA,…