MPC holds interest rate at 27.5% amid easing inflation
Post AMUGE
May 20, 2025
Onome Amuge The Central Bank of Nigeria (CBN) has opted to maintain its benchmark Monetary Policy Rate (MPR) at 27.5 per cent, a decision that aligns with a broad consensus among analysts and market observers. The announcement followed the latest meeting of the Monetary Policy Committee (MPC), concluding its 300th session today, May 20, 2025. […]
All eyes on MPC as analysts bet on interest rates hold at 27.50%
Post AMUGEMay 20, 2025
Onome Amuge Nigeria’s Monetary Policy Committee (MPC) is widely anticipated to maintain its benchmark interest rate at 27.50 per cent for the second consecutive meeting when it concludes its 300th assembly on Tuesday. This decision comes amid a cooling inflation rate, which has eased to 23.71 per cent in April, according to the National Bureau […]
CBN’s pressure point shifts to lending rate as inflation eases
Post AMUGEMay 19, 2025
Onome Amuge Nigeria’s latest inflation figures arrive on the cusp of the Central Bank of Nigeria’s (CBN) 300th Monetary Policy Committee (MPC) meeting, scheduled for May 19-20, placing the apex bank’s hawkish stance under renewed scrutiny. While a marginal dip in inflation might offer a semblance of relief, it is widely anticipated to be insufficient […]
LCCI demands reform dividend for inflation-hit businesses,consumers
Post AMUGEMay 16, 2025
Onome Amuge The Lagos Chamber of Commerce and Industry (LCCI) has urged Nigerian policymakers to ensure that recent macroeconomic stabilisation translates into tangible economic relief for businesses and consumers, who continue to battle high inflation and a volatile currency. While commending the government’s bold economic reforms including the removal of fuel subsidies and the unification […]
Nigeria’s inflation rate cools to 23.71% in April
Post AMUGEMay 15, 2025
Onome Amuge Nigeria’s relentless inflationary pressures showed signs of easing in April 2025, as the headline inflation rate retreated to 23.71 percent. This marks a 0.52 percentage point decline from the 24.23 percent recorded in March, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS). The NBS […]
IMF urges Nigeria’s govt to plowback fuel subsidy savings to fund budget
Post AMUGEApril 21, 2025
Bamidele Famoofo The International Monetary Fund ( IMF) has tasked fiscal authorities to throw back savings from removal of fuel subsidy into funding the 2025 annual budget, if it must safeguard key spending priorities. The IMF during its routine consultative mission to the most populous black nation in April, noted that the economic outlook is […]
Nigeria’s trade surplus jumps 107% to $2.2bn- CBN
Post AMUGEApril 18, 2025
Onome Amuge Nigeria recorded an increase in its trade surplus in January 2025, reaching $2.2 billion, representing a 107.5 per cent month-on-month (MoM) increase from the $1.06 billion surplus recorded in December 2024, according to the Central Bank of Nigeria (CBN) Monthly Economic Report for January 2025. The CBN attributed the rise in the trade […]
Financial burdens pound on Nigerians amid inflation drop
Post AMUGEMarch 24, 2025
Purchasing power, corporate sales remain at rock bottom-FDI FG faces an uphill battle in controlling inflation- CPPE Onome Amuge Nigeria’s inflation rate cooled in February 2025, posting its second consecutive monthly decline to a still-high but gradually improving figure of 23.18 percent, from January’s 24.48 percent reading. The latest data from the National Bureau of […]
FAAC allocation rises 43% to record N15.26trn in 2024
Post AMUGEMarch 19, 2025
Onome Amuge The Federation Accounts Allocation Committee (FAAC) set a new benchmark for revenue distribution in 2024, disbursing a total of N15.26 trillion to the federal, state, and local governments. The figure stands as the highest revenue allocation figure in the history of Nigeria, representing a 43 percent increase compared to previous years, as highlighted […]
Nigeria’s February PMI shows strongest productivity growth in 14 months
Post AMUGEMarch 10, 2025
Onome Amuge The Nigerian economy experienced its fastest growth in productivity since January 2024 in February 2025, according to the recent Purchasing Manager’s Index (PMI) report from Stanbic IBTC Bank. This is as the headline figure jumped from 52.0 in January 2025 to 53.7 in February 2025. February 2025’s upturn in the PMI score not […]