Dear Subscriber,
Nothing good is free? Think again!
Are minor frustrations dragging you down? You’re not alone. Sometimes, it takes a small shift to elevate your mood and rekindle your motivation. From spreading kindness to others and giving yourself a warm hug to indulging in laughter, these delightful strategies will help you shine even on the cloudiest of days.
As the famous writer Charles Dickens said, “There is nothing in this world so irresistibly contagious as laughter and good humor.” The best part? You don’t have to spend a cent to create a happier day! In the lifestyle section of this Unity Bank digest, explore seven simple yet powerful ways to uplift your spirits without reaching for your wallet. Why not give one a try and see how it transforms your mood?
This is not the time to throw in the towel
Consumers remain under pressure with the soaring cost of living biting deeper into their pockets. Rising prices have significantly eroded the real value of the newly implemented minimum wage and caused the headline inflation to resume its upward trend in September. According to FDC’s forecast, Nigeria’s inflation rate is expected to climb once again to 33.29% in October 2024 from 32.70% in September 2024 following the consistent increase in fuel prices to about ₦1,100/lite in October. Inflationary pressures have also been stoked by the constant power grid failures, which have significantly dampened productivity levels.
Despite these issues, Nigeria’s month-on-month inflation is forecast to decline to 2.17%, suggesting a slight easing in the cost of living crisis. This relief is supported by a drop in the prices of some staple commodities, along with the potential impact of a Trump re-election, which could drive down global oil prices and, in turn, reduce domestic fuel costs. In November 2024, the price of a 50kg bag of rice dropped by 15.38% to ₦110,000/bag from ₦130,000/bag.
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!
