Food Prices Soar, Leaving Families Struggling to Eat
CEM REPORT, MARKET| Nigeria is facing a growing food crisis, with the prices of staple foods like rice, beans, and garri becoming increasingly unaffordable for the average Nigerian. This surge…
CEM REPORT, MARKET| Nigeria is facing a growing food crisis, with the prices of staple foods like rice, beans, and garri becoming increasingly unaffordable for the average Nigerian. This surge…
CEM REPORT, ECONOMY| Nigeria’s foreign exchange (FX) market has experienced a remarkable turnaround in the first quarter (Q1) of 2024, with inflows surging to a staggering 136% compared to the…
Nigeria’s fight against inflation intensified today as the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) raised the benchmark interest rate, the Monetary Policy Rate (MPR), by 150 basis…
CEM REPORT, ECONOMY| In a move aimed at taming soaring inflation, the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) has increased the benchmark interest rate, known as the…
The Nigerian economy has faced headwinds in recent months, with concerns surrounding inflation and currency weakness. However, a glimmer of hope emerged in April 2024. According to the latest Purchasing…
CEM, REPORT FINANCE | In a move that has sent shockwaves through the Nigerian import community, the Central Bank of Nigeria (CBN) has raised the exchange rate used to calculate…
CEM REPORT, INFLATION | Nigeria’s inflation rate is expected to reach a staggering 34.98% in April, according to a recent forecast by analysts at Cordros Capital. This alarming projection paints…
CEM REPORT, FINANCE| Central bank independence has long been a cornerstone of a healthy global economy. Now, the International Monetary Fund (IMF) is equipping central banks with a powerful tool…
CEM ANALYSIS, ECONOMY | Experts have continued to react to the decision by the Monetary Policy Committee to increase interest rate as an effort to tame the roaring inflation in…
CEM REPORT, FINANCE | The Central Bank of Nigeria (CBN) has taken a strong stance on curbing inflation and ensuring price stability, vowing to recover over ₦10 trillion in intervention…