Looming trouble for the billionaire as "Top Companies Would Stop Running Twitter Ads. If Elon Musk Restores Former President Donald Trump’s Twitter Account". Remember that Musk clarified that he did not purchase Twitter “to increase my wealth.” I did it to support humanity, which I adore.

Let see if he'll keep his words... read further https://ksbcjournal.com/2022/10/29/top-companies-would-stop-running-twitter-ads-if-elon-musk-restores-former-president-donald-trumps-twitter-account/

Nigerian banks are dealing with rising costs threatening their bottom lines, such as higher taxes and more regulatory fees in H1’2022.

The prior occurrence shows how significant economic factors such as the COVID-19 recovery, the crisis between Russia and Ukraine, rising inflation and interest rates, and local regulatory policies have impacted the banking sector’s profitability in the first half of 2022.


Read further: https://ksbcjournal.com/2022/10/21/what-effect-will-cost-increases-have-on-bank-profitability-in-h2-2022/

Rising interest rates causes inflation and this is basically an economic phenomenon. But what does it mean for the economy? Inflationary pressures are likely to increase as the "hawks" in the Federal Reserve (Fed) continue to raise their interest rate forecasts, according to the latest minutes of their recent meeting. It's unclear whether this will be enough to fuel another round of inflation. The Fed raised its benchmark overnight loan rate by a quarter of a percentage point last month and many economists expect that it will raise rates again at its next meeting on Wednesday.

Every time banks raise interest rate it has huge impact on borrowing cost.

Find out how you can escape this menace https://ksbcjournal.com/2022/10/18/the-hikes-impact-on-borrowing-costs-in-the-present-economy/?_thumbnail_id=3342

Analysts have attributed a rise in the money supply to the federal government’s borrowing to fund the budget, an increase in inflation, and multiple interventions by the CBN.

Professor of Capital Markets at Nasarawa State University Keffi and financial economist Uche Uwaleke said that the rising money supply is contributing to an increase in inflation and pressuring the central bank to raise its monetary policy rate (MPR).

“The CBN has recognised that the money supply is increasing, and that is the basis for the raise in MPR to 15.5 percent from 14 percent to restrain a further rise in inflation,” he said.

The CBN’s bailouts of the federal and state governments via its ways and means totaled trillions of naira, increased the money supply, and fueled a significant inflationary environment.

The data indicates that in August 2021, the Ways and Means balance was N16.1 trillion, but it increased to N22.068 trillion in August 2022. It is a yearly increase of 36%.

Read further on our blog