Tag: Inflation
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CBN Maintains Tight Policy Stance Amid Soaring Food And Fuel Prices
To control intractable inflation, the Central Bank of Nigeria (CBN) raised interest rates by 25 basis points on Tuesday, continuing its hawkish approach.
Because of...
Nigeria’s Middle-Class Shrinks Amid Rising Inflation
The middle class has long been considered a pillar of economic progress and stability in any community. However, as rising inflation and stagnating salaries...
Inflation Drives Nigerians to Borrow N4.82 Trillion from Banks in Three Months
Between January and March of this year, Nigerians borrowed over N4.82 trillion from banks due to the country's growing cost of living.
The amount of...
JUST IN: Inflation Improves To 33.4%, First Time In 19 Months
In what appears to be a slight shift from the soaring wave of inflation since December 2022, the rate at which prices of goods...
Nigeria’s Minimum Wage Increase To N70,000: A Closer Look At Challenges
In the ever-busy markets of Lagos, and other cities and towns across Nigeria, N70,000 used to wield a certain power, even as it also...
