Dear Subscriber,

Energy-saving mood activated!

Amidst rising electricity costs, prudent savings management becomes crucial to fulfilling other financial obligations. Doing so not only safeguards against the burden of high electricity bills devouring a significant portion of income but also opens avenues for financial stability and growth. There are various strategies available to effectively save energy, ensuring that funds are allocated wisely and efficiently. As the famous slogan says, “Saving energy today will make tomorrow bright.” Thinking of how to achieve this brighter future? Then, look at the lifestyle section of this Unity Bank digest, which highlights some steps to conserve energy in 2024.

Better days ahead?

Nigeria’s inflation rose sharply by 1.50% to 33.2% in March from 31.7% in February. However, the country’s month-on-month inflation slowed in March owing to a stronger naira and tapering money supply growth on aggressive liquidity management by the CBN. The naira maintained a steady appreciation trend in March, gaining 18.1% to close the month at N1,315/$ from N1,553/$ on February 29. More good news is that the exchange rate for calculating import duty has been revised downwards by 6.31% to N1,238.18/$ as of April 16 from N1,330.26/$ on April 1. A lower exchange rate will help ease cost pressures on commodity prices and improve consumers’ living standards.

This edition of the Unity Bank Digest provides a comprehensive analysis of these economic trends and engaging lifestyle and entertainment stories for your reading pleasure.

Enjoy your read!