Business

Nigerian annual inflation rises to 11.98% in December

Isaac UmunnaComment(0)

Nigerian annual inflation was 11.98% in December, up from 11.85% in November, the National Bureau of Statistics said on Friday.

A separate food price index showed annual inflation at 14.67% in December, compared with 14.48% a month earlier.  Reuters

Pix: Nigeria Finance Minister, Zainab Ahmed

Isaac Umunna

Related Articles
Business

CBN injects $210m into forex market

Isaac Umunna

The Central Bank of Nigeria has injected the sum of 210 million dollars into the inter-bank Foreign Exchange Market after the transactions on Tuesday, July 30. The bank’s Director, Corporate Communications Department, Mr Isaac Okorafor made this known in a statement in Abuja. Okorafor explained that authorized dealers in the wholesale sector of the market […]
Business

CBN opposes MTN’s planned charges for USSD transactions

Isaac Umunna

The Central Bank of Nigeria has opposed plans by MTN to charge their subscribers for Unstructured Supplementary Service Data access to banking services from Oct. 21. The Governor of CBN, Mr. Godwin Emefiele, gave the bank’s position at a news briefing by the Nigerian delegation to the just-concluded World Bank/IMF Annual Meetings, in Washington on […]
Business

Equatorial Guinea warns of African asset grab by oil majors

Isaac Umunna

The return of oil majors to African exploration projects as upstream spending recovers threatens to slow down, rather than accelerate, the pace of new finds in the region, Equatorial Guinea’s energy minister has warned. With oil prices recovering to $70/b this year, interest in Africa’s oil and gas potential has been reignited, with profit-making oil […]