Kenyan Shilling Gains 17% Amid Two Interest Rate Cuts in 2024 as Inflation Eases
The Kenyan shilling has appreciated by 17% against the US dollar in 2024, driven by the Central Bank of Kenya’s ...
Tag: #inflation
Naira Falls Over N100 at Official Market Amid U.S. Interest Rate Speculations
The Nigerian Naira has depreciated significantly against the U.S. dollar, losing more than N100 at the official exchange window. According ...
Nigeria’s Inflation Rate Drops to 32.15% in August 2024: NBS Report
The National Bureau of Statistics (NBS) has reported a decline in Nigeria’s inflation rate, which eased to 32.15% in August ...
Nigeria’s VAT Revenue Doubles in First Seven Months of 2024 Amid Rising Cost of Living
Nigeria's Value Added Tax (VAT) revenue has more than doubled in the first seven months of 2024, reaching N3.62 trillion, ...
Currency Outside Nigerian Banks Drops to N3.66 Trillion in July, Largest Decline of 2024
The amount of currency circulating outside Nigeria's banking system experienced a significant drop in July 2024, decreasing to N3.66 trillion. ...
FMCG Companies Cut Workforce by 8.7% in 2023 Amid Economic Challenges
The Fast-Moving Consumer Goods (FMCG) sector in Nigeria witnessed a notable downsizing of its workforce in 2023, reflecting the ongoing ...
Nigerians Turn to Banks for N4.82 Trillion in Loans Amid Rising Inflation
Nigerians borrowed an unprecedented N4.82 trillion from banks between January and March 2024 as the soaring cost of living forced ...
Eurozone Inflation Rises By 2.6% Unexpectedly in July
In a surprising turn of events, the eurozone's annual inflation rate increased in July, driven primarily by escalating energy costs, ...
CBN Increases Interest Rate to 26.75%
The Central Bank of Nigeria (CBN) has raised the interest rate by 50 basis points, bringing it to 26.75%. This ...
CBN Warns of Continued High Interest Rates Amid Rising Inflation
The Central Bank of Nigeria (CBN) may persist with its stringent monetary policies if inflation rates continue to climb, according ...
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