DMO to auction N800bn bonds at N1,000 per unit
The Debt Management Office has announced a public offer of three Federal Government bonds worth N800 billion, priced at N1,000 per unit. The offer includes a N400 billion bond at 17.95% interest maturing in 2032, alongside two others valued at N300 billion and N100 billion with yields close to 20 percent. According to the agency, […]
UK unemployment rises to five-year high of 5.2%
The unemployment rate in the United Kingdom has risen to 5.2 percent, the highest level in five years, according to new figures. Data released by the Office for National Statistics showed a slight increase from 5.1 percent recorded in the previous three-month period. The latest figure is the highest since early 2021, when the economy […]
Despite rebase, Nigeria’s inflation rate rises to 24.23%
Nigeria’s inflation rate has gone up again, reaching 24.23% in March 2025. This comes after a few months of stability. The National Bureau of Statistics (NBS) shared this news in its Consumer Price Index (CPI) report released on Tuesday. In February 2025, the inflation rate was 23.18%, so the March number shows a clear rise. […]
US tariffs: Stop playing politics, cut interest rate – Trump to Fed Reserve Chairman
Former U.S. President Donald Trump is asking Federal Reserve Chairman Jerome Powell to cut interest rates. He believes now is the perfect time to make the move and says Powell should stop playing politics. Trump made the statement on his social media platform, Truth. He criticized Powell for usually being late in making decisions but […]
Higher Interest Rates Are Difficult for Borrowers But Essential for Controlling Inflation – Cardoso
The Central Bank of Nigeria (CBN) has recently taken a decisive step to combat rising inflation by raising the Monetary Policy Rate (MPR) to 27.25%. This bold move, announced by Governor Olayemi Cardoso, reflects the bank’s commitment to addressing the economic challenges facing the country. While this decision may be painful for borrowers, Cardoso insists […]