Nigeria’s month-on-month food inflation declined in April for the second consecutive time following five months of consistent increase dating back to October 2023.
The Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) has increased the benchmark interest rate by 150 basis points to 26.25% from 24.75%.
UPDC Real Estate Investment Trust (UPDC REIT) has declared a final dividend of N0.22 per unit of share for the period ending December 31, 2023. This translates to a final dividend payout of N579.34 million for the trust’s fully issued 2,668,270,000 units.
In April 2024, the headline inflation rate rose to 33.69%, up from 33.20% in March 2024, marking an increase of 0.49% points according to the Nigeria Bureau of Statistics (NBS).
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