Tag
MONETARY POLICY
Nigeria is facing a more fundamental supply shock, which alongside the rising transport costs is likely to drive higher food prices.
A combination of weaker farming activity, Naira weakness and covid-19 lockdowns are behind the uptrend in food inflation.
COVID-19 has had a major effect on the global economy, which is now stuck between uncertainty and a self-induced fall in demand
It is no longer news that the Monetary Policy Committee of the Central Bank of Nigeria left the Monetary Policy Rate, MPR, unchanged at 13.5 per cent, as announced by the Governor, CBN, Mr. Godwin Emefiele.
According to the latest World Bank's biannual report, Nigeria's economic growth in 2019 is expected to hover around 2 percent in the medium term.
If or when the inflation rate rises, it may trigger an increase in the cost of living. This is because hike in prices influences inflation rate.
Governor Godwin Emefiele of the Central Bank of Nigeria (CBN), will next week, unveil the apex bank's monetary...
Every business operates within an economic environment and are therefore susceptible to the changes that takes place in...