The equities as well as the bonds market will likely come under intense sell pressure in the remaining part of the year giving room to sustained reign of the bears, investment experts in the capital market have said

NIGERIA’S inflation rate has been projected to rise for the third consecutive month in October, driven by continued increase in food prices, occasioned by herdsmen attack on farmers and recent episodes of flooding which undermine food supply across the country.

The National Bureau of Statistics (NBS) says the Consumer Price Index, (CPI) which measured inflation for September increased to 11.28 per cent (year-on-year) from 11.23 per cent recorded in August.

AS the nation’s external reserves continued its downward trend for the tenth consecutive week last week,  with month-to-date decline of $948 million, the ten man Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) will meet for the 263rd  time today to brainstorm on policy measures to address the economic headwinds of declining external reserves, rising inflation and slowdown in economic growth

The rate of inflation in Nigeria has risen for the first time since it commenced decline in January 2017.