From Our correspondent The National Bureau of Statistics (NBS) says Nigeria’s inflation rate rose to 34. 6 per cent in November, up by 0.8 per cent in October. TheNewsZenith reports that NBS published its latest consumer price index (CPI) data for November, on Monday. It stated that the rate represents an increase of 0.72 per […]
By Abdulfatah Babatunde The Democratic Front (TDF) has welcomed the implementation of the duty-free window for essential food imports into the country as a commendable short-term measure to address the high cost of food items. TDF’s Chairman, Mallam Danjuma Muhammad and Secretary, Chief Wale Adedayo, gave the commendation in a statement emailed to TheNewsZenith at […]
From Our Correspondent Two public sector reform experts, Dr Paul Alaje and Prof. Remi Aiyede have cautioned President Bola Tinubu to urgently reverse economic policies that are making life harder for Nigerians. The experts observed that the Federal Government already took the left foot forward when it hurriedly pronounced removal of petroleum subsidy. They said […]
Tanzania’s Central Bank, on Friday, set its main interest rate at 5.5 per cent in a bid to contain inflation within its target and boost economic growth. The Bank of Tanzania had said earlier this month it would start using a benchmark interest rate to signal its monetary policy direction. “The CBR (Central Bank Rate) […]
From Our Correspondent A university lecturer, Dr Suleiman Lawal, has urged the Federal Government to provide farm inputs to farmers at subsidised rate. Lawal, a lecturer at Economics Department, Umaru Musa Yar’adua University, Katsina, gave the advice on Sunday in Kastina. He said such subsidy would help to stem rising cost of food in the […]
British businesses fear a gloomy Christmas ahead, as almost half of the households plan to cut festive spending due to the soaring cost of living and sales are already falling sharply in inflation-adjusted terms. Payments processor, Barclaycard, said 48 per cent of people it surveyed over Oct. 21-24 plan to spend less this Christmas, with […]