President Bola Tinubu has said despite some of the challenges Nigerians are facing in his administration, Nigeria’s economy looks good promising to bring down the ballooning inflation level affecting the exchange rates. Since assuming office in late May, Tinubu’s government…
Stanbic IBTC Bank Nigeria PMI®: Private sector grapples with currency weakness impact
In March, the Nigerian private sector witnessed significant challenges due to currency weakness, leading to a surge in purchase costs and subsequent unprecedented hikes in selling prices. This scenario was reflected in the Purchasing Managers’ Index™ (PMI®), a key indicator…
Stanbic IBTC Bank Nigeria PMI signals strong economic recovery in January
In a promising start to 2024, the Nigerian private sector witnessed a robust recovery, as indicated by the latest data from the Stanbic IBTC Purchasing Managers’ Index™ (PMI®). The PMI figures for January revealed a notable acceleration in both output…
Nigeria economic crisis dampens Christmas spirit
Lining up, they receive some rice, dried beans and other basic foodstuffs, whose soaring prices have left millions in Nigeria facing a bleak Christmas. The temporary food distribution in the courtyard of the Church of the Assumption in the economic…
UK tipped for speedier rate cut after surprise inflation fall
A surprise fall in inflation in November has raised hopes that the Bank of England will begin cutting interest rates sooner than expected. Inflation – the rate prices rise at – fell from 4.6% to 3.9% last month, the lowest…
Hike in drug prices: APC Chieftain calls for President Tinubu urgent intervention
Mr Olatunbosun Oyintiloye, a Chieftain of the All Progressive Congress (APC) in Osun, has appealed to President Bola Tinubu, to urgently intervene in the hike in prices of essential drugs in the country. Oyintiloye, who made the appeal while speaking…
Naira drops to N956/$ as dollar supply falls by 46%
The naira fell, on Thursday, to N956/$ on the official Investor and Exporter forex window as dollar supply declined by 46.77 per cent. This is a 13.78 per cent decline from the N840.53/$ the naira closed trading on Wednesday according…
Time to create ministry of blue economy — Ehi Braimah
We are living in a world today that is full of uncertainties, but in order to survive, we must be willing to adapt to the changes taking place around us. Nigerians are trying to adjust and adapt to the prevailing…
Stanbic IBTC Bank PMI: Steep price pressures impact growth in July
The Nigerian private sector experienced a slowdown in growth in July due to steep price pressures, according to the Stanbic IBTC Purchasing Managers’ Index™ (PMI®). Overall input costs surged to unprecedented levels, leading to a rapid increase in selling prices.…
British inflation falls to lowest level in over a year
British inflation has eased back to its lowest level since March 2022, but remained higher than expected as food prices continued to rise at a near record pace. The Office for National Statistics (ONS) said that Consumer Prices Index (CPI)…
