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Everything you need to know about finance and investing in Nigeria.

GeneralApr 22, 2024

Weekly Economic Update (April 15th - 19th)

Nigeria's GDP growth projection for 2024 has been revised upward by 0.3% to 3.3% from the previous projection of 3.0%. This new forecast is 0.4% higher than the estimated growth rate of 2.9% in 2023.

0 min

GeneralApr 16, 2024

Nigeria's Inflation Soars as Commodity Prices Remains Resistant to Decline

Nigeria's inflation surged to a 28-year peak of 33.2% in March, driven by persistent factors despite aggressive monetary policy measures. Food inflation hit 40%, placing Nigeria among the top 5 countries with the highest food inflation rates. Core inflation rose to 25.9%, fueled by increases in transport, rental, medical, and pharmaceutical costs. The MPC is expected to maintain current monetary policy as inflationary pressures persist but may slow as commodity prices respond to currency appreciation. The cost of a healthy diet surged by 9.32%, impacting households' purchasing power and well-being.

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GeneralApr 12, 2024

Nigeria’s inflation to increase but at a slower pace in March as exchange rate stabilizes

The National Bureau of Statistics (NBS) will release its CPI and inflation report for the month of March next week. Expectations are that Nigeria’s headline inflation will increase further to 32.13% from 31.7% in February. However, the rate of increase is expected to reduce to 0.43% from 1.8% the previous month. This suggests that inflation could reach its peak soon and begin to decline.

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GeneralMay 08, 2023

You, Your Financial Goals & GDL

By this point, the hype of the new year and the motivation to see resolutions through might have begun to fade away. New year resolutions start off quite determinedly and then dwindle as the year gets older and old habits offer comfortability. It is easy to fall back into old patterns rather than push ourselves to try out different, potentially better paths.

4 min

InvestmentMay 03, 2023

The Money Talks. - Tips for Managing Finances & Investments As A Couple

Within a relationship, there are so many topics to cover – family background, moral, political or religious standings and on a lighter note, color preferences. The reason for these conversations, among others, is to establish compatibility, shared interests and a bedrock for the decision to share one’s life with a person.

4 min

GeneralMay 03, 2023

7 Tips to Financially Secure Your SME in 2023

You have successfully taken the bold step to establish that business idea you’ve always had and managed to grow it into a viable source of income. In 2023, the next step is to secure your business with the right financial and investment strategies to take your business to the next level.

4 min

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