Market anticipates MPC to retain policy rate at 28%

The country’s inflation rate could potentially drop below the current 5.3 percent recorded in June this year, Databank analysts have suggested.

Forty-five years after its creation, the ECOWAS Trade Liberalisation Scheme has registered 50,000 products for duty-free access, yet intra-regional trade barely clears 12 per cent. A hard look at the levies, legal obligations and political will standing between aspiration and market reality.

Growth momentum cooled in April as a sharp deceleration in the services sector tempered the pace of economic expansion, although stronger performances in mining and agriculture kept the economy on a broad-based growth path.

Insurance remains a critical pillar of business resilience, helping companies manage risks, recover from unexpected shocks and sustain economic activity in an increasingly uncertain operating environment.