Business

Nigerian consumer inflation falls to 11.22% in June –NBS

Isaac UmunnaComment(0)

Annual inflation in Nigeria stood at 11.22% in June, compared with 11.40% in May, the National Bureau of Statistics said on Monday.

A separate food price index showed inflation at 13.56% in June, compared with 13.79% the previous month.  Reuters

Isaac Umunna

Related Articles
Business

*966# Easybanking solution, aimed at making banking easier: Zenith Bank

Isaac Umunna

Zenith Bank Plc has said its recently launched mobile banking solution is aimed at making banking simpler and interesting. The bank said it’s *966# Eazybanking solution, which was recently launched into the Nigerian market, will also complement the effort of the Central Bank of Nigeria (CBN) to build a cashless economy and enhance financial inclusion. […]
Business

Facebook shares fall, Zuckerberg loses $5b

Isaac Umunna

Facebook shares plunged Monday as the social media giant faced an onslaught of criticism at home and abroad over revelations that a firm working for Donald Trump’s presidential campaign harvested and misused data on 50 million members. On Wall Street, Facebook shares skidded 6.8 percent amid concerns about pressure for new regulations that could hurt […]
Business

Nigeria’s revenue in July boosted by oil and tax receipts

Isaac Umunna

Nigeria’s gross revenues rose to 676.41 billion naira in July from 653.35 billion naira in June due to higher crude oil sales and tax receipts, accountant general Ahmed Idris said. The price of oil, Nigeria’s main export, fell sharply early this year as the coronavirus outbreak hit demand, cutting government revenues, weakening the naira and […]