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 […]
When people think of investing, they often think of the risk involved too quickly than they think of the benefits. Whilst investing comes with different levels of risk, it also comes with the opportunity for a reward too. If your aim is to grow your money over a long period of time, then investing is […]
How often have you stepped on the weighing scale, counted calories via some app, or used activity trackers to keep a tab on the number of steps you have taken per day? But just as you monitor your overall physical condition to make sure your health is on the brighter side; you should also do […]
In February, the National Bureau of Statistics (NBS) released Nigeria’s Gross Domestic Product (GDP) report for 2022. The report showed that the economy grew by 3.1% YOY in real terms, a slow growth compared to 3.4% in 2021. A deeper look into the report by the NBS reveals that the minimal growth recorded by Nigeria’s […]
Despite expectations that the 2023 general election will further erode confidence in the Nigerian stock market, markets opened the week on a positive note yesterday, extending last week’s gains as the benchmark closed by 0.69% to settle at 55,328.42 points. Some experts have said that the stock market has defied the 2022 election swings thanks […]
According to the African Development Bank’s (AfDB) 2021 report, Nigeria, Egypt, Kenya and South Africa account for about a third of the continent’s start-up incubators and accelerators and receive 80% of foreign direct investment (FDI) into Africa. According to this report, 92% of Africa’s investment in tech is won by just these four countries and […]
The October 26, 2022 policy decision by the Central Bank of Nigeria (CBN) to redesign the N200, N500 and N1,000 denominations, and the subsequent announcements including the cash withdrawal limit have continued to generate reactions. Announcing the deadline extension this week, after a meeting with the President in Daura, Katsina State, the CBN Governor, Godwin […]
Nothing puts a stop faster to business growth than a company in poor financial standings. No matter how solid your business model is, big or small business, there is always a potential financial crisis. However, business owners who remain successful figure out how to stay away from sinking debts ahead of time. These ideas may […]