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CPPE Cautions Against Further Monetary Policy Tightening 
Economy
5 sources

CPPE Cautions Against Further Monetary Policy Tightening 

The Centre for the Promotion of Private Enterprise warns against additional monetary policy tightening by the Central Bank of Nigeria. They emphasize the need for a balanced approach to support economic growth.

Price surge tilts Nigeria toward rate hold
Economy
1 sources

Price surge tilts Nigeria toward rate hold

Nigeria's inflation has risen for the second consecutive month, prompting the Monetary Policy Committee to consider holding interest rates steady. This trend is influenced by global factors, including the U.S./Iran conflict, which has reversed previous disinflationary trends.

An Air Marshal goes AWOL
Politics
5 sources

An Air Marshal goes AWOL

Retired Air Marshal Saddique Baba Abubakar has made a surprising announcement, raising eyebrows in political circles. His previous roles include Chief of Air Staff and APC governorship candidate in Bauchi State.

Report Warns Capital System Misallocating Growth Resources
Economy
5 sources

Report Warns Capital System Misallocating Growth Resources

A report highlights that Nigeria's financial system is hindering the growth of MSMEs due to high monetary policy rates and inflation. It emphasizes the need for productive lending rather than mere discussions on support.

NDC Absorbs Obidient Coordinators Nationwide
News
2 sources

NDC Absorbs Obidient Coordinators Nationwide

Sunday Aborisade in Abuja The National Leader of the Nigeria Democratic Congress (NDC), Senator Seriake Dickson, has formally welcomed coordinators and members of the Obidient Movement from across the country

At 35.17%, Maximum Lending Rate Remains Flat for Second-consecutive Month
Economy
3 sources

At 35.17%, Maximum Lending Rate Remains Flat for Second-consecutive Month

The Central Bank of Nigeria has kept the Monetary Policy Rate at 26.50%, resulting in the maximum lending rate remaining unchanged at 35.17% for the second month. This stability in lending rates may provide some predictability for borrowers in the banking sector.

Nigeria’s pension crisis: Debt we owe our retirees
Economy
2 sources

Nigeria’s pension crisis: Debt we owe our retirees

Nigeria's pension crisis leaves retirees facing uncertainty and neglect after years of service. Many former workers, including those from Nigeria Airways, have waited over two decades for their pensions.

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