Top 10 Most Weakest Currencies in The World
The weakest currencies in the world have some surprises listed among them. A robust currency is primarily linked to a steady economy, along with low inflation and interest rates. However,…
Petrol Tanker Drivers To Halt Operations over Inflation
The Nigerian Association of Road Transport Owners (NARTO) has declared its intention to halt operations starting from Monday. Alhaji Yusuf Lawal Othman, the national president of NARTO, issued an official…
More Hardship For Citizens as Nigeria’s Inflation Hits 29.9 Percent
The hardship experienced by citizens is set to hit higher levels as Nigeria's inflation jumped up to 29.9 percent. Daily Report Nigeria reports that the new figure was announced by…
Governors Received N30bn Each to Mitigate Inflation – Akpabio
The Senate President, Godswill Akpabio has stated that an "unverified source" suggested that state governors received N30bn each from the Federation Account. Akpabio made the statement during a plenary session…
2024 Inflation Rate To Decline – World Bank
The World Bank, in its recent announcement on Monday, predicts that Nigeria's inflation rate will decline to 24.8 per cent year-on-year (YoY) in 2024. World Bank's projection follows the Nigerian…
BREAKING: CBN Raises Interest Rate to 26.75% to Combat Soaring Inflation
The Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR) by 50 basis points to 26.75%, up from 26.25%, in a bid to curb the country's escalating…
CPPE Urges FG to Fix Import Duty Exchange Rate at N1000/$ for 6 Months
The Centre for the Promotion of Private Enterprise (CPPE) has appealed to the Nigerian government to peg the custom duty exchange rate at N1,000 per dollar for at least…
Survey Shows 74% Expect CBN Rate Cut in July
A recent survey conducted by the Statistics Department of the Central Bank of Nigeria (CBN) has revealed that 74.2% of respondents believed the apex bank should have reduced the…
Healthy Food Costs Rise to N1,265 in Nigeria – NBS
Nigeria's average cost of a healthy diet has risen to N1,265, a 1.9% increase from the previous month, according to data from the National Bureau of Statistics. The…
JUST IN: Inflation drop to 33.2% in August 2024 – NBS
Nigeria's headline inflation rate has dropped to 33.2% in August 2024, indicating a 1.25% decrease from the 33.4% recorded in July 2024. This represents the second consecutive monthly slowdown in…