The naira began the week on a positive trajectory, appreciating against the dollar in the official market. According to FMDQ data, the currency strengthened to N1545.10…
Browsing: inflation
Nigeria, a resource-rich country beset by economic difficulties, is battling a steady increase in inflation. The Naira’s purchasing power has been diminished by this economic affliction,…
According to President Bola Tinubu’s 2025 budget, inflation will fall from 34.6% this year to 15% the following year. He made this statement during his presentation…
Ghana’s central bank decided to maintain its main interest rate at 27.00% on Friday, citing concerns over food price increases that have driven consumer inflation higher…
The National Bureau of Statistics (NBS) has reported that food shortages, insecurity, and rising prices have compelled Nigerian households to reduce their consumption. According to their…
South Africa’s Rand weakened against the US Dollar on Monday as investors focus on local inflation data due later this week. The Rand traded at R17.6425…
Egyptian President Abdel Fattah al-Sisi cautioned on Sunday that the country may need to reconsider its IMF-backed economic reforms if mounting regional challenges continue to exert…
The Naira has depreciated significantly against the dollar in the foreign exchange market due to the inflation spike. According to FMDQ data, the Nigerian currency fell…
According to reports, Nigeria’s headline inflation rate eased to 32.15% in August 2024, down from 33.40% in July, marking a decrease of 1.25 percentage points. The…
According to the Ugandan Bureau of Statistics (UBS), Uganda’s inflation for August stood at 3.5%, down from 4% recorded in the previous month.UBS reports that the…