Inflation
8 hours ago
Turkey's central bank held its key interest rate steady on Thursday but warned it could hike it again as the country's soaring inflation remains a headache for President Recep Tayyip Erdogan's government. The central bank's monetary policy committee decided to keep the policy rate at 50 percent. But it left the door open to raising…
3 days ago
Inflation will hit 34.98 per cent this month, analysts at Cordros Capital analysts have said.
19 Apr
Rising inflation and weak earnings have pushed 10 million Nigerians into poverty in 2023, the World Bank in its Macro Poverty Outlook for Nigeria: April 2024 has stated.
18 Apr
Inflation reduces the purchasing power of money over time, meaning that the same amount of money will buy fewer
12 Apr
Ahead of the release of Nigeria’s inflation rate for March, CAPE Economic Research and Consulting has disclosed that the country’s consumer price index would increase to 32.65 per cent from 31.70 in February 2024.
12 Apr
Global goods trade is expected to pick up gradually this year following a contraction in 2023 that was driven by the lingering effects of high energy prices and inflation, experts and economists have revealed in a new forecast.
11 Apr
Tokyo stocks opened lower on Thursday after hotter-than-expected US inflation data drove down Wall Street shares, while the yen briefly hit a 34-year low.
5 Apr
India's central bank kept interest rates unchanged for the seventh time in a row on Friday, with the world's fifth-largest economy seeing both lingering inflation risks and strong economic growth.
3 Apr
Last month’s purchasing manager index (PMI) showed no changes in business confidence, stagnating at 51 points at the end of the end of last month, the joint-lowest in the last four months.
1 Apr
As food inflation continues to worsen the purchasing power of the average Nigerian, it now costs Nigerians an average of N938 to have a single healthy diet.
29 Mar
What changed in the production and marketing chain to warrant such a quantum jump in price within 48 hours? Did money supply change within such a short time to justify that level of inflation? This is an abracadabra that is clearly beyond market force.
Latest
18 mins ago
The Federal Competition and Consumer Protection Commission (FCCPC) has said the recent price increases in MultiChoice cable subscriptions will be looked into by relevant stakeholders. Acting CEO of FCCPC, Adamu Abdullahi, disclosed to Channels Television on its Dateline Abuja programme on Thursday. According to Abdullahi, the review of the recent price hike is to ensure…
21 mins ago
The Lagos State Government has refuted claims that Governor Babajide Sanwo-Olu announced an increment in the minimum wage to N70,000. Lagos State Commissioner for Information, Gbenga Omotoso, disclosed this in a statement on Thursday. Omotoso said the confusion arose following an event at the Governor's Office on Wednesday, where Sanwo-Olu unveiled "Eko Cares," a program…
28 mins ago
In the ever-evolving landscape of manufacturing, the pursuit of efficiency and productivity reigns supreme. As industries strive to optimize operations and minimize waste, the integration of Manufacturing Execution Systems (MES) with Lean Manufacturing principles has emerged as a powerful strategy. This synergy between technology and philosophy holds the key to unlocking unprecedented levels of efficiency,…
44 mins ago
Stefano Pioli, the coach of AC Milan, has faced criticism from respected Italian pundit Fabrizio Ponciroli over his handling of Nigerian winger Samuel Chukwueze. After an impressive 2022-2023 season at Villarreal, Chukwueze was signed by the Rossoneri last summer for a fee that could rise to 28 million euros with bonuses. However, his integration into…
1 hour ago
Amidst the challenging business space in Africa, Brand and Marketing Expert, Charity Ilevbare-Adeniji has proved to be a beacon of innovation and success, pioneering transformative strategies that drive profitability and sustainability across industries. With over a decade of experience, Ilevbare-Adeniji has established herself as a seasoned expert who is reshaping conventional approaches to marketing and…
1 hour ago
TETFund Denies Corruption Claims, Moves To Sanitise Tertiary Education Sector Executive Secretary of Tertiary Education Trust Fund, Mr Sonny Echono, has said that claims in some quarters that the agency was a cesspool of corruption were totally untrue. Reacting to allegations of a multi-billion naira contract fund misappropriation in an interview on Thursday, Echono stated…
1 hour ago
The Nigerian National Petroleum Company Limited (NNPC Ltd) said it has resolved the cause of tightness that was experienced in the supply of fuel. NNPC disclosed this on Friday evening in a statement signed by spokesman, Olufemi Soneye in Abuja. "The Nigerian National Petroleum Company Limited (NNPC Ltd.) wishes to clarify that the tightness in…
1 hour ago
Taylor Swift's latest album, "The Tortured Poets Department" sets Guinness World Record while also breaking Spotify records since its release on April 19, 2024. “The tortured poets department” breaks a Guinness World Record with over 313.7 million filtered streams in just 24 hours. Swift claims titles for the most day-one streams of an album and…
2 hours ago
Agboola Ajayi, a former deputy governor to the late former Governor Oluwarotimi Akeredolu, has clinched the ticket of the People's Democratic Party (PDP) after emerging as the winner of the party's primaries on Thursday. Ajayi, who will be flying the flag of the party during the November 16 governorship poll, was declared the winner after…
2 hours ago
The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has lamented the existence of criminal centres in the country, which he called “419 training schools,” where primary school students are recruited and prepared for illicit activities. He made the statement while addressing newsmen on the steps the commission was taking to stamp…