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The Food Fest 2024, themed "Celebrating Nigerian Cuisines," is more than just a culinary festival. It is an opportunity to address pressing food security issues, celebrate our rich cultural heritage, and explore the immense potential within the Nigerian food and beverage industry.
Inflation rises to 33.88% in October, sparks fears of another rate hike
11 hours ago · Nigeria’s annual inflation quickened for the second straight month, raising the prospect of another interest-rate increase when the Central Bank of Nigeria (CBN) meets later this month. According to the National Bureau of Statistics (NBS), the Consumer’s Price Index increased to 33.88 percent in ...
Nigeria oil deals no match for smaller African countries’
1 day ago · Read also: Oil, gas firms’ debt rises 73% on weak naira “While deep-water projects are exempt from the hydrocarbon tax, the tax structure in Nigeria remains more complicated and, for many projects, more expensive than Angola’s simplified regime,” Folabi Ogunrinola, a senior energy analyst at Sofidam Capital, said.
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What to expect from Nigerian economy in next six months
Jul 23, 2024 · However, Meristem thinks that the FX stability will largely influence the direction of monetary policy rates. “We opine that the MPC cannot afford to implement a rate hike despite the expected decline in headline inflation (due to base effect) stating a 100bps cut in rate could result in as much as a 20-30 percent increase in the exchange …
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Stock Market. Nigerian stocks that have made investors richer in 2024. Many listed stocks at the Nigerian bourse have made investors richer this year, producing returns of 30 percent to 500 percent so far, according to market data collated by BusinessDay....
Four economic implications of Nigeria’s latest interest rate hike
Sep 25, 2024 · Marvelous Ige, a financial analyst at Lagos-based investment firm, Commercio Partners, explained that since inflation is defined as “too much money pursuing few goods”, the goal of high interest rates is to reduce the money in circulation in order to control inflation.
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