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NBS: Inflation rate drops to 11.37 per cent in January

The National Bureau of Statistics on Friday released the Consumer Price Index which measures inflation. The index dropped to 11.37 per cent in January 2019.

Central bank: Value of money market assets outstanding hits N11.89 trillion

The Central Bank of Nigeria has said that the total value of money market assets outstanding in the fourth quarter of 2018 was N11.897trillion.
President Muhammadu Buhari says since 1978 when he was named the minister of petroleum till date, he has not lost interest in the oil sector.

Sluggish economy haunts Nigerian president at ballot box

Timi Soleye returned home to Nigeria from the United States to set up a gas logistics business six years ago, encouraged by predictions of growth and an expanding middle class.
A trader laughs ahead of the closing bell on the floor of the New York Stock Exchange (NYSE) on February 1, 2019 in New York City. – Wall Street stocks concluded another strong week with a nearly flat session on Friday, February 1, 2019, pausing from a heady January following strong jobs data and mixed earnings. Analysts said the rally that had propelled stocks since late December and produced the Dow’s best January in 30 years was showing signs of fatigue. (Photo by Johannes EISELE / AFP)

Global stocks mostly rise after strong US jobs data

Global stocks mostly rose Friday following strong US jobs data, though Wall Street’s rally showed signs of fatigue after the Dow finished its best January in 30 years.

The self-destructive, unforced error of fuel subsidy

The above quote is probably synonymous with the popular definition of insanity as “the continuous repetition of the same process with the same wrong results, and still expect a positive difference at each turn.”
zimbabwe bus

Zimbabwe scrambles to ease passengers’ woes after protests

An ecstatic Zimbabwean passenger Shylot Sibanda screams with joy as he boards a bus from downtown Harare to the township of Budiriro. The fare has been slashed to a third of what he paid last week.
Nicolas Maduro says alleged murder plot 'will not even touch a single hair of mine' [Miraflores Palace handout via Reuters]

Nicolas Maduro recalls Venezuelan diplomats in US as standoff intensifies

Venezuela's President Nicolas Maduro has called home all Venezuelan diplomats from the United States and closed its embassy and consulates there, after the US declared his government "illegitimate".

Godwin Emefiele: Central bank to increase list of import restricted items

The Governor of the Central Bank of Nigeria, (CBN) Mr Godwin Emefiele on Tuesday disclosed that the bank would increase the number of items placed on import restrictions from 42 to 50.
Zimbabwe President elect Emmerson Mnangagwa addresses a press conference at State House in Harare, on August 3, 2018. Mnangagwa defended the landmark election in which he was declared victorious, despite claims from the opposition of vote-rigging. MARCO LONGARI / AFP

Zimbabwe’s inflation climbs to over 42 percent

Zimbabwe’s inflation hit a fresh 10-year high of 42.09 per cent year-on-year in December, from 31.01 per cent in November, the statistical agency Zimstats said on Thursday
Several people have been killed during protests in Zimbabwe after the government more than doubled the price of fuel overnight.

Zimbabwe protests after petrol and diesel price hike

Several people have been killed during protests in Zimbabwe after the government more than doubled the price of fuel overnight.

CMB: Banks unlikely to post larger profits in 2019

Coronation Merchant Bank Limited (CMB) has predicted that commercial banks in the country will be unlikely to post large gains in profits this year.

Zimbabwean government deploys riot police in ‘hot spots’ as labour union calls for strike...

The Zimbabwean government has reportedly deployed riot police in "hot spots" after the country's largest labour union called for a national strike over a sharp rise in fuel prices.
Nigeria's Budget Minister Udoma Udo Udoma speaks during the public presentation and breakdown of 2018 Appropriation Act in Abuja, Nigeria.

Minister: We are taking steps to grow the economy

The Minister of Budget and Planning, Senator Udo Udoma, has assured that the federal government is putting in place measures necessary to ensure that the economy grows rapidly, while maintaining fiscal sustainability.

Analysts predict spike in December inflation rate

As the National Bureau of Statistics (NBS) releases its December 2018 inflation figures this week, leading research firms in the country, FSDH Research and Financial Derivatives Company (FDC), said in their forecasts at the weekend that the nation’s inflation rate for December 2018 would increase.

Egypt’s inflation drops to 11.1% in December

The figures, announced Thursday by the state statistics bureau, were the second straight drop for inflation, keeping it within the central bank's target range of 13%, plus or minus 3 percentage points.

Minimum Wage: President Buhari appoints Bismarck Rewane to head technical committee

President Muhammadu Buhari on Wednesday appointed Bismarck Rewane as head of newly inaugurated Technical Advisory Committee on the implementation of a National Minimum Wage.
President Buhari inaugurates APC Presidential Campaign Council in Abuja on 7th Jan 2019-1

President Buhari: I will leave a legacy of free, fair elections

President Muhammadu Buhari says free, fair and credible elections are the foundation of political stability and peace in any nation, assuring that he will leave a legacy of free and fair elections.
Iranian Rial and US Dollar

Iran mulls slashing four zeros from rial currency

Iran’s central bank has proposed slashing four zeros from the rial, following the plunging of the currency’s value in the wake of an economic crisis fuelled by U.S. sanctions.

Recent Stories

Election postponement: APC manipulating INEC to rig polls – Senator Jang

Former Governor of Plateau State and Senator representing Plateau North, Dr Jonah David Jang, has accused the All Progressives Congress (APC) of manipulating the Independent National Electoral Commission (INEC) to enable them rig the rescheduled Presidential and National Assembly Elections.

Labour Party candidate receives postponement news with mix feeling

The Labour Party governorship candidate in Kwara state, Issa Aremu, has said the postponement of the general elections by the Independent National Electoral Commission (INEC), was accompanied with mixed feelings.
The Chairman of the Independent National Electoral Commission (INEC), Prof. Mahmood Yakubu, has ruled out political influence in the postponement of the Presidential and National Assembly elections earlier scheduled to hold on February 16 and March 2, 2019.

INEC rules out political influence in election postponement

The Chairman of the Independent National Electoral Commission (INEC), Prof. Mahmood Yakubu, has ruled out political influence in the postponement of the Presidential and National Assembly elections earlier scheduled to hold on February 16 and March 2, 2019.
Adams Oshiomhole

Adams Oshiomhole: Nobody had clue elections won’t go on

The National Chairman of the All Progressives Congress, Adams Oshiomhole, has condemned the postponement of the general elections by the Independent National Electoral Commission.
APC Nigeria Supporters

Kebbi APC: We accept elections postponement in good faith

The All Progressive Congress in Kebbi State said it accepted the postponement of the Presidential and National Assembly elections in good faith.