President Bola Tinubu says the current 18.5% interest rate of the Central Bank of Nigeria (CBN) is “too high”. He spoke on Monday during his inaugural speech as president. Last week, the apex bank raised the monetary policy rate (MPR) from 18% to 18.5% in an effort to “tame rising inflation”. The MPR is the […]
The amount of money in circulation is still at an all-time high, and the entrance of old money into circulation continues to be alarming. Various investment kinds may be affected by rapidly growing inflation. Bonds and other fixed-income assets may see lower actual returns as inflation rises faster than interest rates. Similar to how cash […]
A subsidy is defined as any measure that keeps prices for a good or product below market level for consumers or producers. Subsidies can take different forms like grants, tax reductions or exemptions, price control, etc. Nigeria, since 2012, has embarked on the gradual removal of petroleum subsidies and the effect had been a mixed […]