Nigeria's Inflation Rate Climbs To 34.6% In November 2024, the …
Dec 17, 2024 · This figure reflects a 0.72 percentage point rise from 33.88% in October 2024.On a year-on-year basis, the headline inflation rate increased by 6.4 percentage points, up from 28.2% in November 2023.. However, the month-on-month headline inflation rate slightly eased to 2.638% in November 2024, a marginal decline of 0.002 percentage points from the 2.640% recorded in October 2024.
Nigeria To Reconstruct Consolidated Salary Structure
Sep 25, 2024 · The Federal Government has approved a modification to the Consolidated Public Service Salary Structure (CONPSS), effective July 24. Ekpo Nta, Chairman of the National Salaries, Incomes, and Wages Commission (NSIWC), made the statement during a press briefing in Abuja on Tuesday. Nta stated that President Bola Tinubu signed the Act after it …
IMF Projects Nigeria’s Economy To Grow By 3.2% In 2025, Inflation …
Oct 23, 2024 · The International Monetary Fund (IMF) has forecasted that Nigeria’s economy will grow by 3.2% in 2025, while inflation is expected to decrease to 25% that same year. This was revealed in the IMF’s latest World Economic Outlook (WEO) report, which also projects global economic growth to remain steady at 3.2% in 2025, unchanged from 2024. […]
FG Approves 2025-2027 MTEF, Sets 2025 Budget at N47.9tn
Nov 15, 2024 · The Federal Executive Council (FEC) has approved the Medium-Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) for 2025–2027, proposing a budget of N47.9 trillion for 2025.
Next-Level Transactions: How Interswitch And NIBSS Are …
Sep 26, 2024 · Interswitch, one of Africa’s leading integrated payments and digital commerce companies, has announced a game-changing partnership with the Nigeria Interbank Settlement System (NIBSS) that will make your payment transactions smoother and faster than ever before. Buckle up, because your payment exper
Billboxx Secures $1.6 Million Pre-Seed Funding To Empower …
Dec 12, 2024 · Billboxx, a Nigerian fintech company providing integrated billing-to-payment solutions, raises $1.6 million in pre-seed funding to tackle cash flow challenges for small and medium-sized enterprises (SMEs) across Africa.
FEC Approves N47.96 Trillion 2025 Budget For NA Presentation
Dec 17, 2024 · The Federal Executive Council (FEC) has given its nod to the 2025 budget, amounting to N47.96 trillion, ahead of its scheduled presentation to the National Assembly on Wednesday.
Tinubu Aims To Reduce Inflation To 15% In 2025 Budget
Dec 18, 2024 · President Bola Ahmed Tinubu sets an ambitious target to reduce Nigeria's inflation rate from the current 34.6% to 15% by the end of 2025. While presenting the 2025 Appropriation Bill to the National Assembly, he outlines key fiscal reforms aimed at stabilizing the economy and fostering sustainable growth.
Africa Accounts for 22.76% Of Nigeria’s Foreign Capital Inflow In …
Dec 17, 2024 · The National Bureau of Statistics (NBS) reports that African investors contribute 22.76% of Nigeria’s foreign capital inflow in the third quarter of 2024. This amounts to $285.11 million, underscoring Africa’s significant role in Nigeria’s capital importation.
Nigeria’s Fiscal Deficit Reaches N7 Trillion By Q3 2024
Dec 18, 2024 · Nigeria’s fiscal deficit stands at N7.05 trillion as of the third quarter of 2024, according to President Bola Ahmed Tinubu during his presentation of the 2025 Budget of Restoration to the National Assembly on December 18, 2024.