Tag: Inflation
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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...
Rising Soybean and Maize Prices Put Pressure on the Local Poultry Sector
According to farmers, the Nigerian poultry business is suffering due to record prices for maize and soybeans, which is leading to a significant loss...
Fears Over Inflation and the Naira as the Money Supply Reach N99.23 Trillion
The money supply (M3) reached a record high of N99.23 trillion in May 2024, and given banks' predicted capitalization, it is anticipated to soar...
