55 h. ago US: Inflation rate hits 2.8% in February, drops for first time in four months — Reports

Tribune Online US: Inflation rate hits 2.8% in February, drops for first time in four months — Reports Inflation slowed more than expected in February, marking the first decline in four months. However, the progress may not last as President Donald Trump intensifies his trade war, which could drive prices higher for American consumers. According to data from the Bureau of Labor Statistics released Wednesday, the Consumer Price Index (CPI), which tracks price […] US: Inflation rate hits 2.8% in February, drops for first time in four months — Reports Tribune Online

Politics

9 d. ago Ramadan: Tinubu deserves praise over low prices of food –Group

From Noah Ebije, Kaduna The Arewa Think Tank (ATT) has commended President Bola Tinubu for ensuring that food prices remained stable and, in some cases, even declined during this year’s Ramadan. A statement by ATT’s Chief Convener, Muhammad Alhaji Yakubu, noted that this is the first time in Nigeria’s history that food prices have dropped […] The post Ramadan: Tinubu deserves praise over low prices of food –Group appeared first on The Sun Nigeria.

Politics

1 week ago Investors flock to Nigerian bonds as inflation rate drops to 24.5 per cent

Tribune Online Investors flock to Nigerian bonds as inflation rate drops to 24.5 per cent NIGERIA’S bond market experienced a significant surge in investor interest in February 2025, following a notable drop in the country’s inflation rate to 24.5 percent year-on-year from 34.8 percent in December 2024. The sharp decline, driven by the rebasing of the Consumer Price Index (CPI), combined with compelling yields on government bonds, attracted investors seeking […] Investors flock to Nigerian bonds as inflation rate drops to 24.5 per cent Tribune Online

Economics

1 week ago MPC’s bold pause: Pivoting Nigeria’s economy from stability to growth

Tribune Online MPC’s bold pause: Pivoting Nigeria’s economy from stability to growth IN recent years, Nigeria has embarked on comprehensive economic reforms to stabilise financial markets, achieve exchange rate convergence, and curb inflation. At the heart of these efforts is the Central Bank of Nigeria (CBN), working in synergy with fiscal authorities to foster macroeconomic stability and lay the groundwork for sustainable growth. In its efforts to […] MPC’s bold pause: Pivoting Nigeria’s economy from stability to growth Tribune Online

Politics

1 week ago Naira defies pressure, ends February below N1,500 per dollar

Naira closed February 2025 with an 8.5 per cent gain month-on-month on the parallel market to settle at 1,490/$, while it closed at 1,500/$ on the official market, indicating a 1.7 per cent m/m decline. According to the Afrinvest Monthly Market Report, the foreign reserve dipped by 3.2 per cent month-on-month. As of Thursday, it Read More

Politics

2 w. ago BREAKING: Moon sighted in Saudi Arabia, Ramadan begins Saturday

Saudi Arabia announced on Friday that the holy month of Ramadan will begin on Saturday, March 1, following the sighting of the Ramadan crescent in the Kingdom. The month of Ramadan is the ninth of the 12 months of the Islamic calendar. PUNCH Online reports that the Saudi Royal Court said Taraweeh prayer will be Read More

Politics

2 w. ago Inflation slowdown, naira rally strengthen investors’ confidence

The Monetary Policy Committee of the Central Bank of Nigeria has paused its hawkish stance for the first time in over two years, due to a decrease in the inflation rate and the strengthening of the local currency against major currencies, writes FELIX OLOYEDE The Governor of the Central Bank of Nigeria, Olayemi Cardoso, made Read More

Economics

2 w. ago Why exchange rate, not interest rate, may be CBN’s best tool against inflation

The excessive use of mathematics in economics has often been criticised as akin to killing an ant with a sledgehammer. read more Why exchange rate, not interest rate, may be CBN’s best tool against inflation

Politics

2 w. ago MPC’s rate pause: Gauging impact of naira gains amid cooling inflation

By Uche Usim The Central Bank of Nigeria’s (CBN) first Monetary Policy Committee (MPC) meeting of 2025 signaled a strategic shift in the nation’s economic trajectory. For the first time since May 2022, the committee decided to pause its aggressive rate hikes, showing confidence in a more stable economic outlook. The decision came on the […] The post MPC’s rate pause: Gauging impact of naira gains amid cooling inflation appeared first on The Sun Nigeria.

Politics

3 w. ago Inflation figure not reflection of real reduction in price levels – LCCI

By Merit Ibe   The Lagos Chamber of Commerce and Industry (LCCI) has said the sharp drop in the inflation rate from 34.8% to 24.48% in January 2025 is primarily due to the rebasing of the Consumer Price Index (CPI) rather than a real reduction in price levels. According to the chamber, despite the lower […] The post Inflation figure not reflection of real reduction in price levels – LCCI appeared first on The Sun Nigeria.

Economics

3 w. ago Rebased inflation rate does not resolve rising cost of living – LCCI

The Lagos Chamber of Commerce and Industry (LCCI) has said that the rebased inflation rate that dropped from 34.8 to read more Rebased inflation rate does not resolve rising cost of living – LCCI

Economics

3 w. ago Why Nigeria’s inflation rate falls to 24.48% after rebasing — NBS

Tribune Online Why Nigeria’s inflation rate falls to 24.48% after rebasing — NBS The National Bureau of Statistics (NBS) has explained why Nigeria’s headline inflation rate dropped to 24.48 percent in January 2025 after rebasing. The Statistician-General of the Federation and Chief Executive Officer of the NBS, Prince Adeyemi Adeniran, provided the explanation on Tuesday at the launch of the rebased Consumer Price Index (CPI) report. He noted […] Why Nigeria’s inflation rate falls to 24.48% after rebasing — NBS Tribune Online

Politics

3 w. ago Nigeria’s Inflation Drops To 24.48% After CPI Rebasing – NBS

The National Bureau of Statistics (NBS) has reported that Nigeria’s inflation rate decreased from 34.8 per cent in December 2024 to 24.48 per cent in January 2025 following the rebasing of the consumer price index (CPI). The NBS revealed in its CPI report for January published on Tuesday that the rate represented an increase of […]

Politics

3 w. ago Crisis hits Bayelsa PDP as state, ward executives bicker over suspension of acting zonal secretary

From Femi Folaranmi, Yenagoa The internal crisis rocking the Peoples Democratic Party (PDP) deepened over the weekend as the State Working Committee (SWC) in Bayelsa State and the Ogbia ward nine executives of the party are at loggerheads over the suspension of the acting zonal secretary, Mr George Turnah. Turnah, until Saturday, February 15, was […] The post Crisis hits Bayelsa PDP as state, ward executives bicker over suspension of acting zonal secretary appeared first on The Sun Nigeria.

Events