The International Monetary Fund (IMF) says inflation rates will rise in the second half of 2018 as consumer spending increases and agricultural output drops. Lucie Fouda, IMF’s Africa press officer,
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The nation faces a delicate balance of maintaining the current interest rate and allowing it to fall over time, while attracting investment funds to build infrastructure or crash rate and face inflation crisis, the Central Bank of Nigeria (CBN) Director in charge of Policy, Mr. Moses Tule has said.
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The Asset Management Corporation of Nigeria (AMCON) says it recovered bad loans worth N731bn, excluding clawbacks, from the start of its operations in 2010 up to December 2017. Assets in
The post We recovered N731bn bad loans in seven years, says AMCON MD appeared first on TheCable.
A don, Dr Charles Nwaekeaku, has said that the progressive decline in inflation rate is heartwarming, but advised the Federal Government to plan more rather than jubilate as the development is temporary.
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An Economist, Dr Aminu Usman, has said that the delay in the signing of the 2018 Budget and its late implementation cannot lead to inflation.
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In an encouraging development, Nigeria’s inflation has eased to 11.6% in May, the lowest level seen in more than two years. With consumer prices slowly edging closer to the Central
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The Consumer Price Index (CPI) which measures inflation released on Wednesday by the National Bureau of Statistics (NBS) increased by 11.61 percent (year-on-year) in May 2018.
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THE Consumer Price Index (CPI) which measures inflation increased by 11.61 per cent (year-on-year) in May 2018. According to National Bureau of Statistics (NBS), this is 0.87 per cent points less than the rate recorded […]
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Nigeria’s annual inflation has dropped to 11.61% in May, below the federal government’s projection of 12.42% set in the 2018-2020 Medium Term Expenditure Framework and Fiscal Strategy Paper. This is
The post BREAKING: Inflation drops to 11.61% — below FG’s 2018 target appeared first on TheCable.
FSDH Research has projected the inflation rate of May to drop to 11.5 percent year-on-year (YoY) from 12.48 percent recorded in April.
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