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Per cent

Food inflation rises to 16.6% in September

Sanya Adejokun- Abuja Oct 15, 2020

Food inflation continued on the upward trajectory in September 2020 rising to 16.6% from 16% in August.According to the September CPI/Inflation report released this morning by the National Bureau of Statistics (NBS), the Headline index…

Business News

CBN reduces deposit rate to 11.5%

Sanya Adejokun-Abuja Sep 22, 2020

Central Bank of Nigeria (CBN) Tuesday reduced the Monetary Policy Rate (MPR), which is the rate at which it lends money to banks to 11.5 per cent.Before the 275th Monetary Policy Committee (MPC) meeting on Monday and Tuesday this week,…

Unions close down operations over 90% staff layoff, other

Tribune Online Sep 14, 2020

Operations of Arik Air were on Monday shut down by the aviation unions over alleged non-payment of staff salaries since April after placing 90 per cent of the workforce on compulsory leave and other anti-labour practices.The News Agency…