By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s inflation remained unchanged at 9.6 percent in the month of January 2016, the same figure posted in December 2015 weighed upon by slower increases in other major divisions such as housing, water, electricity, gas and other fuels; and furnishings and household equipment maintenance, according to the […]
Tag: Inflation
Nigeria’s Economy to Grow by 3.78% in 2016-NBS
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s economy is expected to grow by 3.78 percent in 2016 from 2.97 percent recorded in 2015, an increase of less than 100 basis points, according to a latest report from the National Bureau of Statistics (NBS). “Beyond 2016 however, growth is expected to jumpstart […]
South African reserve bank raises repo rate as inflation outlook worsens
Thu Jan 28, 2016/Reuters South Africa’s Reserve Bank raised its benchmark repo rate by half a percentage point as expected on Thursday, saying the outlook for inflation had deteriorated significantly even as economic growth slowed. Nineteen of 31 economists polled by Reuters said the central bank would hike interest rates […]
