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CONTENTS NAIRA MARKET UPDATE PETROLEUM AGRICULTURE MASTERING YOUR FINANCES CENTRUM NIP LIVE Naira Market Update Naira Market Update: Inflation Rate and Food Prices The latest inflation rate in Nigeria has been a topic of discussion, especially with regard to its impact on food prices. As you mentioned, understanding the new inflation rate and its effects […]
Monthly Digest – April 2025 Read More »
CONTENTS 2025 BUDGET OIL PRICES FOOD INFLATION FINANCIAL LITERACY 2025 BUDGET FEC Proposes N47.9 Trillion Budget for 2025 Fiscal Year The Federal Executive Council (FEC) has unveiled a proposed budget of N47.9 trillion for the 2025 fiscal year. Atiku Bagudu, the Minister of Budget and Economic Planning, made this announcement following the FEC meeting chaired
November 2024 Digest. Read More »
CONTENTS NNPCL DEBT/PETROL PRICE HIKE DANGOTE REFINERY DOLLAR BONDS MARKET TRENDS POS INNOVATION NNPCL DEBT Nigeria’s N4.56 Trillion Debt to NNPCL for Subsidized Petrol Sales The Nigerian National Petroleum Company Limited (NNPCL) has brought to light a significant financial burden on the nation, revealing that Nigeria owes N4.56 trillion. This debt is the result of
Monthly Digest – August 2024 Read More »
CONTENTS MINIMUM WAGE HIKE MARKET DECLINE PETROLEUM BANK RECAPITALIZATION FINANCIAL INSIGHT MINIMUM WAHE HIKE. Economic Implications of Minimum Wage Increase in Nigeria As Nigerian workers face escalating economic challenges, the recent agreement on a 70,000 minimum wage reflects their growing demands for improved financial stability. However, experts and government officials are raising concerns about the
Monthly Digest – July 2024 Read More »
CONTENTS. CURRENCY. NIGERIA’S ECONOMIC SHIFT. FINANCES. CURRENCY The Nigerian Naira’s Rollercoaster Ride in H1 2024. The Nigerian Naira’s Rollercoaster Ride in H1 2024 Steep Climb and Bumpy Descent The first half of 2024 was a period of significant volatility for the Nigerian naira. January saw a sharp rise from N907.11/$1 in December 2023 to over
Monthly Digest June 2024 Read More »
CONTENTS. MONETARY POLICY RATE. FISCAL POLICY. GROSS DOMESTIC PRODUCT FINANCIAL LITERACY. MONETARY POLICY RATE. MPR Hiked for the 3rd Consecutive Time by the CBN. Following a two-day meeting, on the 20th and 21st of May 2024, the Central Bank of Nigeria’s Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has decided to
Monthly Digest – May 2024 Read More »
CONTENTS. ECONOMY. CAPITAL MARKET. FINTECH. ECONOMY. Recapitalisation. The Central Bank of Nigeria (CBN) announced an upward review of Nigeria’s minimum capital requirement for commercial, merchant, and non-interest banks. On March 28, 2024, the Central Bank of Nigeria (CBN) announced some exciting news for the banking industry in Nigeria. The CBN has decided to increase Nigeria’s
Monthly Digest – April 2024 Read More »
CONTENT 01: MACROECONOMY 02: FINANCIAL PLANNING MACROECONOMY. Photo Credit – istock images The Central Bank of Nigeria (CBN) made a significant move in March 2024 by raising the Monetary Policy Rate (MPR) by 200 basis points, bringing it to 24.75%. Let us explore the effects of this decision: Tackling Inflation: The MPR hike reflects
Monthly Digest – March 2024 Read More »
CONTENT 01: MACROECONOMY 02: INFLATION 03: CURRENCY GROSS DOMESTIC PRODUCT. Nigeria GDP Annual Growth Rate. Image source – istock photo Nigeria’s economy grew at a faster pace than expected in the fourth quarter of 2023, with an annual growth of 3.46% compared to 2.54% in the previous period. This marks the 13th consecutive quarter of
Monthly Digest – February 2024 Read More »
CONTENT 01: SAVINGS 02: FINANCIAL ADVISORY 03: CURRENCY 04: STOCK EXCHANGE SAVINGS The Power of Savings: Saving money is a fundamental financial habit that plays a crucial role in securing our financial future. By consistently setting aside a portion of our income, we build a safety net that can help us weather unexpected expenses, achieve
Monthly Digest – January 2024 Read More »
