Business
Nigeria’s Inflation Rate Drops To 15.60% In January
The consumer price index, which measures inflation increased to 15.60 percent year-on-year in January 2022.
This is 0.87 percent points lower than the rate recorded in January 2021 (16.47) percent.
The figure shows that the headline inflation rate slowed down in January when compared to the same month in the previous year.
The National Bureau of Statistics disclosed this in its Consumer Price Index report for January 2022 which was released on Tuesday.
According to the report, increases were recorded in all COICOP divisions that yielded the Headline index.
On month-on-month basis, the Headline index increased to 1.47 percent in January 2022, this is 0.34 percent points lower than 1.82 percent recorded in December 2021.
The percentage change in the average composite CPI for the twelve-month period ending January 2022 over the average of the CPI for the previous twelve-month period was 16.87 percent, showing 0.08 percent point from 16.95 percent recorded in December 2021.
The urban inflation rate increased to 16.17 percent year-on-year in January 2022 from 17.03 percent recorded in January 2021, while rural inflation rate increased to 15.06 percent in January 2022 from 15.92 percent in January 2021.
On a month-on-month basis, the urban index rose to 1.53 percent in January 2022, down by 0.34 percent points from 1.87 percent the rate recorded in December 2021.
READ ALSO: Buhari Sends 2022 Supplementary Budget To National Assembly
The rural index also rose to 1.42 percent in January 2022, down by 0.35 percent points from 1.77 percent the rate recorded in December 2021.
The report added that the corresponding twelve-month year-on-year average percentage change for the urban index is 17.44 percent in January 2022.
This is lower than 17.52 percent reported in December 2021, while the corresponding rural inflation rate in January 2022 is 16.31 percent compared to 16.40 percent recorded in December 2021.
PUNCH
Business
CBN Retains Interest Rate At 27%
The Monetary Policy Committee of the Central Bank of Nigeria has voted to retain the benchmark interest rate at 27 per cent.
CBN Governor, Olayemi Cardoso, announced the decision on Tuesday following the apex bank’s 303rd MPC meeting in Abuja.
Cardoso stated that the committee also resolved to keep all other monetary policy indicators unchanged.
READ ALSO:CBN Issues Directive Clarifying Holding Companies’ Minimum Capital
He noted that the Cash Reserve Ratio (CRR) remains at 45 per cent for commercial banks and 16 per cent for merchant banks, while the 75 per cent CRR on non-TSA public sector deposits was equally maintained.
Cardoso added that the Liquidity Ratio was retained at 30 per cent, and the Standing Facilities Corridor was adjusted to +50/-450 basis points around the Monetary Policy Rate.
The decision comes as Nigeria records its seventh consecutive month of declining inflation, which eased to 16.05 per cent in September 2025.
Business
CBN Issues Directive Clarifying Holding Companies’ Minimum Capital
The Central Bank of Nigeria, CBN, has issued a definitive directive detailing how financial holding companies should calculate their minimum paid-up capital, following weeks of confusion that delayed the release of some banks’ half-year and nine-month financial statements.
In a circular dated November 14, 2025, the apex bank acknowledged “divergent interpretations” of the term minimum paid-up capital as stated in Section 7.1 of the 2014 Guidelines for Licensing and Regulation of Financial Holding Companies.
To eliminate ambiguity, the CBN ruled that minimum paid-up capital must be computed strictly as the par value of issued shares plus any share premium arising from their issuance.
READ ALSO:CBN Sets POS Maximum Transactions In Fresh Guidelines
“All Financial Holding Companies are required to apply this definition in computing their minimum capital requirement—without exception for subsidiaries,” the circular stated.
The regulator added that the directive takes immediate effect, noting that any previous interpretation that does not align with the new clarification “should be discontinued forthwith.”
The move is expected to calm market anxiety and provide clarity for lenders navigating ongoing regulatory capital requirements.
Business
Naira Records Massive Week-on-week Depreciation Against US Dollar
The Nigerian Naira recorded massive week-on-week losses against the United States dollar at the official foreign exchange market.
The Central Bank of Nigeria’s exchange rate showed that the Naira dipped significantly to end the week at N1,456.73 on Friday, November 21, 2025, down from N1,442.43 traded on November 14.
This means that on a weekly basis, the Naira shed N14.06 against the dollar at the official market.
READ ALSO:
However, at the black market, currently battling with low patronage, it remained stable at N1,465, the same rate traded last week.
The development comes despite Nigeria’s foreign reserves rising by 1.25 per cent to $43.64 billion in the last week.
Entertainment5 days agoVIDEO: Tiwa Savage, Yemi Alade Finally Reconcile After 7-year Feud
- News5 days ago
Terrorism Conviction: Nnamdi Kanu’s Wife Reacts To Husband Sentencing
- News5 days ago
Vanguard Correspondent Bags Edo Icon Award 2025
- News3 days ago
Police Arrest, Charge Content Creator To Court In Edo
- News3 days ago
Edo Seeks FG’s Intervention On Land Dispute With Delta
- News5 days ago
OPINION: Fayose-Obasanjo: Two Eboras Dragging Same Pair Of Trousers (1)
- News2 days ago
JUST IN: Tinubu Orders Withdrawal Of Police Guards From VIPs
- Metro3 days ago
Delta Police Arrest Suspected Serial Killer
- News4 days ago
Why Niger Delta Suffers Most — Jonathan
Metro3 days agoZamfara Police Repel Bandits’ Attack, Rescue 25 Kidnapped Victims
