September 20, 2024/United Capital Research Anglophone West Africa (WAEMU) Nigeria Inflation dropped to 32.15% in August 2024 Nigeria’s headline inflation rate dropped to 32.15% for the month of August 2024, This represents a 1.25% decrease from the 33.4% recorded in July 2024 and the second consecutive monthly slowdown in inflation […]
More News
Lower Oil Prices Pose a Risk to FAAC Allocations
September 20, 2024/CSL Research At the August FAAC meeting, a total of ₦1.2 trillion was distributed among the Federal Government (₦374.9bn), States (₦422.9bn), and Local Government Councils (₦306.5bn). Additionally, oil-producing states received ₦99.5bn as derivation fund (13% of mineral revenue). This total represents an 11.4% decrease from the previous month’s […]
CBN Issues Clarification on the Monetary Policy Guidelines: Refutes Reintroduction of Cybersecurity Levy
September 20, 2024/CBN The attention of the Central Bank of Nigeria (CBN) has been drawn to certain instances of misinterpretation or misrepresentation of its biennial publication on Monetary, Credit, Foreign Trade, and Exchange Policy Guidelines published on September 17, 2024. In response, the CBN has temporarily withdrawn the document to […]
