What is Cash CrunchA cash Crunch is synonymous with a lack of cash or an absence of liquidity.It is when individuals or organizations don't have enough cash at hand to meet their financial obligations...
Nigeria's inflation rate has reached an all-time high of 21.91% in February 2023, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS). This ne...
Since inflation harms the economy, the Federal Reserve targets an inflation rate of 2% annually. When inflation is excessively high, it causes financial hardship for both businesses and consumers....
As a result of rising inflation, the Monetary Policy Committee of the Central Bank of Nigeria unanimously agreed to raise the benchmark interest rate, also known as the monetary policy rate, fro...
Mortgage rate declined for a second consecutive week on Friday, marking the biggest drop since December 2008. According to Freddie Mac, for nearly 3 decades the fixed-rate mortgage averaged 5...
With oil and food prices reaching record highs, Nigeria's inflation rate surged to an 11-month high in May 2022, reaching 17.71 percent and marking its fourth consecutive monthly increase in th...
According to an executive at the world's largest airline organization, IATA claimed on Sunday that Nigeria is keeping $450 million in revenue generated by multinational carriers opera...
A creditor charges a borrower an interest rate, which is calculated as a percentage of the entire amount borrowed. The Federal Reserve increases the fed funds rate, which is the rate at...
Following the close of Thursday's North American session, US forecasts, as measured by the 10-year breakeven inflation rate, had fallen for the second day in a row, according to data fr...
The Nigerian Central bank reported in April that the interest rate is 16.82 percent, however, we believe that it is much higher than that since the buying power of the Naira has reduced drastically wh...