…reset to enhance the effectiveness of monetary policy and support the transition to an inflation targeting framework."As banks respond to the new monetary policy environment, Ecobank customers may see lower returns on their deposits under the revised savings rates.Banks charge on loansEarlier, Legit.ng reported that so…

…including real Gross Domestic Product (GDP) growth of 4.43 per cent, a decline in inflation to 15.39 per cent in August and improved access to credit, showed that Tinubu’s policies were on the path to reshaping the country. According to him, Nigerians should not be distracted by political gimmicks but should remain foc…

…improved, citing economic growth of more than four per cent, declining oil theft, lower inflation, improved foreign reserves and a more stable foreign exchange market. He also said Nigeria recorded its highest-ever non-oil export revenue in 2025, exceeding $6 billion. The President declared that the administration had…

…a period of stable growth. He also cited a reduction in oil theft, a substantial fall in inflation from its peak, rebuilt foreign reserves and greater stability in the foreign exchange market. Tinubu said Nigeria recorded its highest revenue from non-oil exports in 2025, exceeding $6 billion. “This is real money being…

…from both the oil and non-oil sectors, reduced oil theft and a substantial decline in inflation from its peak. He also said foreign reserves had been rebuilt, the foreign exchange market had stabilised and non-oil export revenue exceeded $6 billion in 2025. “These are not idle claims. International observers, journalis…

…administration is not performing, adding that it is manipulating figures to cover up the inflation rate. In an interview on Channels Television’s Politics Today, Okonkwo cautioned Nigerians against believing everything that comes from the APC government. He said: “Nigerians, what I am telling you is that whatever comes…

…a political risk premium to an economy that is already asking investors to navigate inflation, exchange-rate movements, infrastructure constraints and other structural challenges.Nigeria needs investment, not more uncertainty.The country needs more investment, not another reason for investors to hesitate. It needs more…

…whether a currency is economically “weak.” Currency denominations, redenominations, inflation, monetary policy and exchange-rate regimes can significantly affect such comparisons.Uganda, Ghana currencies face pressureCurrency pressures remain a concern across several African economies as businesses and consumers conten…

…in 2026. It attributed the deterioration to several factors, including the pandemic, inflation, natural disasters and conflict, while noting that fuel subsidy removal and exchange-rate reforms worsened living costs in the short term. The third proposed $500m facility is for the Nigeria Early Childhood Development progr…

…states with highest food pricesLegit.ng earlier reported that Nigeria’s inflation rate slowed again in August 2026, but millions of households are still paying more for food, highlighting the gap between improving economic data and the reality at markets across the country.The National Bureau of Statistics (NBS) report…

…amid the seventh month of the war involving Iran, adding to concerns over fuel costs and inflation in the United States ahead of the November midterm elections. The US president had on Sunday criticised Ukrainian President Volodymyr Zelensky during a visit to Ireland, urging him to stop attacks on Russian diesel infras…

…expert Aliyu Ilias cautioned that repeated petrol price increases could intensify inflation by pushing up transportation and production costs, which would eventually filter through to the prices of food and other daily essentials.Former Secretary-General of the Organisation of African Trade Union Unity, Owei Lakemfa, u…

…infrastructure and agricultural logistics to boost domestic food production and ease inflation.CPPE wants government to use subsidy savings to improve transportation, electricity and other public services. Photo: BloombergImagesThe CPPE chief also highlighted the particular pressure facing micro, small and medium-sized…

…Alia administration, on the other hand, has operated in an environment of unprecedented inflation, rising construction costs, insecurity, and other economic pressures. Therefore, quoting Federation Account Allocation Committee inflows without examining the corresponding cost of governance and development is a deliberat…

…economist and development expert, said the latest increase in petrol prices could worsen inflation and deepen economic hardship for Nigerians. Illias said the increase in petrol prices would likely translate into higher transportation and production costs, particularly for food and other essential commodities. “I think…

…wage will increase by $0.35 per hour on October 1, 2026, under the province's annual inflation-linked formulaSpecial wage categories covering students under 18, homeworkers, and wilderness guides will also rise on the same dateThe Ontario Ministry of Labour confirmed the new figures in April 2026, giving employers six…

…was politically motivated. The comments have now reignited debate over governance, inflation, and the living conditions of millions of Nigerians. Reaction on X: @Lyfacrossboard wrote: At least Nigerians can agree that this one no be the unity we want. @Declan said; At this point Isaac Fayose is obsessed with president…

By Elizabeth Adegbesan The Naira yesterday appreciated to N1,405 per dollar from N1,410 in the parallel market on Wednesday. Likewise, the naira appreciated to N1,322.5 per dollar in the Nigerian Foreign Exchange Market, NFEM. Data from the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the …

…problems have been compounded by a sharp collapse in its currency and accelerating inflation. The rial has fallen from about one million rials to the dollar a year ago to more than 2.2 million rials currently. Official figures put Iran’s 12-month average inflation at 69.9 per cent, while prices of food, beverages and t…

…improvements in external reserves, a more resilient external position, moderating inflation and stronger monetary policy transmission. The Finance Ministry said its revenue strategy would remain a key component of the reform agenda, alongside fiscal discipline, debt management and a market-driven foreign exchange regim…

…of 20 to 35 per cent under pest pressure and erratic rainfall. For a country battling inflation and import bills, that looks like food security. But yield is only half the equation. The other half is control. In practice, a shopper cannot identify a GMO by looking. The old PLU code system that reserved “8” for GM produ…

…real Gross Domestic Product (GDP) grew by 4.43 percent in the second quarter of 2026 as inflation moderated toward 15.4 percent. Linking these outcomes to the administration's $1 trillion economy target by 2030, the President emphasized major infrastructure projects, including the Sokoto-Badagry Super Highway, the Lago…

…Trump held a White House meeting with energy sector stakeholders on Tuesday to quell the inflationary spiral caused by the escalating conflict in the Gulf region, according to the Financial Times. In Nigeria, domestic fuel prices jumped by between N46 and N100 per litre to between N1,310 and N1,345 per litre, from N1,2…

…between 2015 and 2025, with annual investment rising to N1.33tn in 2025. However, high inflation, currency depreciation and rising costs have eroded household purchasing power, leaving manufacturers with rising inventories and weak demand. More than 100 manufacturing companies have shut down over the past decade. Read…

…Gross Domestic Product GDP growing by 4.43 percent in the second quarter of 2026 and inflation easing to about 15.4 percent. Yilwatda linked the improved figures to the administration’s $1 trillion economy target by 2030, tying it to plans for an integrated five-port maritime and logistics corridor connecting Lagos, On…