Inflation

Following government reforms that exacerbated inflation, Wema Bank, Zenith Bank, Guaranty Trust Bank (GTB), United Bank for Africa (UBA), and Union Bank have increased the salaries and allowances of the employees to help them cope with…

Due to high inflation in the operating environment across the continent, Telecoms group, MTN, has announced that it is planning to increase prices in Nigeria, South Africa, and other selected African markets. This was disclosed in…

Consumers will pay more for goods and services as the National Bureau of Statistics, NBS, has said that inflation rate rose to 19.64 per cent in July 2022 from 18.60 per cent in June 2022. The NBS in a report titled ‘CPI July 2022’…