Nigeria's CPI increased by 21.47% YoY in November 2022 from 21.09% in October 2022, according to the National Bureau of Statistics' (NBS) most current Consumer Price Index (CPI) data. This growth may be ascribed to both…
According to the National Bureau of Statistics' most recent GDP report, the third quarter of 2022 saw Nigeria's gross domestic product (GDP) expand by 2.25% year-on-year, which was the slowest rate of growth since the…
The Monetary Policy Committee (MPC) held its sixth and last meeting of the year on November 22, 2022 and agreed to raise the benchmark interest rate by 100 basis points (bps) to 16.50% while keeping…
On September 27, 2022, the Monetary Policy Committee (MPC) concluded its fifth meeting of the year and decided to raise the benchmark interest rate by 150 basis points (bps) to 15.50% and the Cash Reserve…
The Federal Open Market Committee (FOMC) unanimously resolved to increase the federal funds rate target to the range of 3.00% - 3.25%. This decision was taken after the federal reserve raised interest rates by 75…
Nigeria's CPI increased by 20.52% YoY in August 2022 from 19.64% in July 2022, according to the National Bureau of Statistics' (NBS) most current Consumer Price Index (CPI) data. On a MoM basis, the index…