Fitch: Inflation Has Peaked in Nigeria, Will Moderate Below 25% By Year-end Food prices to stay elevated on weak domestic production Fixed investment set to grow by 7.0% in 2024 Economy to expand by muted 3%, 3.5% in 2025 Emmanuel Addeh in Abuja Fitch Solutions has said Nigeria’s
rising inflation, which hit 34.19 per cent in June, has already peaked and would moderate to less than 25 per
cent by the end of 2024. In its latest Country Risk report on Nigeria, the global firm, which
offers financial information services, market data, analytical tools and risk services, however, said food prices
will stay high due to weak domestic weather conditions. production, caused by insecurity in agricultural regions and adverse Continued on page 5
BUA Cement to Increase Production Capacity to 20 Million Tonnes Per Annum...
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Presidency: Tinubu’s Govt’ll Put Nigeria on Sound Economic Footing Despite Problems Says president in full support of peaceful protests
Deji Elumoye in Abuja The presidency, yesterday, assured
Nigerians of President Bola Tinubu's commitment to putting the country on a sound economic footing, despite
the myriad challenges inherited by his administration. Media Adviser to the President,
Ajuri Ngelale, who spoke during a live television interview programme, Politics on Sunday with Femi Akande
on TVC, also declared that Tinubu, was not opposed to peaceful protests in the country.
Ngelale stated that although Continued on page 5
Three Days to Nationwide Protests, Nigerians Still Divided on Action IGP: Why protesters must register with police Kwara, Ogun govs, Barau seek understanding Peter Obi endorses countrywide action CAN, NANS ask members to shun protest ȱ ¢ȱ ȱ ȱť CSOs accuse FG of blackmail, intimidation PTD: NUPENG chasing political relevance
CELEBRATING ERELU DOSUMU 50 YEARS AFTER INSTALLATION... L-R: Wife of Kwara Governor, Prof. (Mrs) Olufolake Abdulrasaq; former President Olusegun Obasanjo; celebrant, Erelu of Lagos, HRH Abiola Dosumu; Governor of Lagos State, Mr. Babajide Sanwo-Olu; his wife, Dr Ibijoke; and Olowo of Owo, Oba Ajibade Gbadegesin, at the 50th anniversary of installation of Dosumu as Erelu of Lagos...yesterday
LH Telecoms Takes Majority Stake in 9Mobile as Etuh, Danjuma, Edun, Others Join Board...
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