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Category: Economy and Capital Markets
What Tinubu’s administration must do for Nigerians in times of hardship – CPPE
The Centre for Promotion of Private Enterprise has urged the government to take a direct intervention, such as palliatives, into consideration in light of the raging challenges brought on by…
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Do not worry; IPMAN has no plans to raise the price of fuel at the pump to N 700.
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has denied the alleged plan by the association to increase the pump price of Premium Motor Spirit (PMS), also known as petrol,…
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In Q1 2023, Nigeria’s debt servicing costs increased to $1.24 trillion.
Amid worries about Nigeria’s increasing debt burden, the country’s debt servicing cost has risen by 55.71 per cent to N1.24 trillion in the First quarter of 2023. Webteam@ipledge2nigeria learnt this…
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Nigerians are uneasy about the rising cost of electricity and the 7.5% VAT on gasoline.
The first 22 days of President Bola Ahmed Tinubu's government have been "bitter-sweet" for many Nigerians. His quick-fire decisions, hailed by many variously as “bold,” “decisive,” and “correct,” are not…
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The CBN updates the foreign exchange market and removes the restriction
The Central Bank of Nigeria, CBN, has announced further policy changes. According to the Director of Corporate Communications, Dr Isa AbdulMumin, the policy changes are aimed at promoting transparency, liquidity…
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Naira declines to 702/$; expected new FX supply from CBN
The naira traded at 702.19/dollar at the close of business on Thursday, as the Central Bank of Nigeria has allowed for a free float of the national currency against the…
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Nationwide shutdown looms as inflation becomes worse due to fuel subsidies.
The country has been in a state of chaos since President Bola Tinubu announced the end of the fuel subsidy regime on Monday, May 29, 2023, as citizens deal with…
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Nigeria Spent N72 Billion To Import Milk In 2022
Data from the National Bureau of Statistics (NBS) has shown that at least N72.9 billion on importation of milk in 2022. The report titled: “Foreign Trade Statistics”, disclosed that N27.6…
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Manufacturers knock CBN over interest rate hike to 18.5 per cent
The Manufacturers Association of Nigeria has knocked the Central Bank of Nigeria’s decision to increase the Monetary Policy Rate, also known as the interest rate, to 18.5 per cent amid rising…
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CBN Announces Increase In Interest Rate
The Central Bank of Nigeria (CBN) has increased the monetary policy rate (MPR) by 0.50 per cent to 18.50 per cent. This was made known by Godwin Emefiele, the Governor…
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