No food, no fuel, no power, no forex, no hope
By Dele Sobowale “An army marches on its stomach.” — Napoleon Bonaparte, 1769-1821; Vanguard Book of Quotations, p. 14, available online Right now several millions of Nigerians’ stomachs are empty; and movement has virtually stopped. Unfortunately, it is not only the scarcity of food and high prices which are slowing us down, scarcity of all the things […]
Insurers’ assets hit N3.3trn as premium income rises by 51%
insurance companies were able to grow their total assets by 36.9 per cent year-on-year, YoY, to N3.3 trillion in Q1’24 from N2.4 trillion in the corresponding period of Q1’23
Headline inflation rate rises 34.19% in June
Headline inflation rate increased by 0.24 percentage points to 34.19 percent in June from 33.95 percent in May.
Poor economy: More Nigerians ditch paid jobs, open petty businesses
“Resign and start your own business” is now a buzzword and many Nigerians are keying into the trend. Massive resignations are the order of the day
Pharmaceutical multinationals left Nigeria because of forex scarcity, says PMG-MAN
They attributed fluctuations in forex as major reason for the exit of some pharmaceutical multinationals from Nigeria.
Consumer spending down as Nigerians remain gloomy on economy
increasing weight of unfavourable economic condition owing to weakening purchasing power has moved Nigerians into a state o…
Naira depreciates to N1, 520/$ in parallel market
The Naira yesterday depreciated in the parallel market to N1,520 per dollar from N1,515 per dollar on Tuesday.
Eurozone inflation dips to 2.5% in June
Yearly inflation in the Eurozone dropped to 2.5 per cent in June, down from 2.6 per cent in May, according to preliminary data published by Eurostat on Tuesday.
Mr & Mrs: Nigerian men drowned by renewed hope
Mr & Mrs: Nigerian men drowned by renewed hope
Naira depreciates to N1,510/$ in parallel market
The Naira yesterday depreciated in the parallel market to N1,510 per dollar from N1,500 per dollar on Tuesday.
Explore innovative solutions to battle inflation, Okafor advises FG
A cryptocurrency expert, JC Okafor has sent crucial advice to the Tinubu-led administration to tackle growing inflation with crypto technology.
Naira down to N1,505/$ in parallel market
The Naira yesterday depreciated in the parallel market to N1,505 per dollar from N1,495 per dollar last weekend. Similarly, the Naira depreciated to N1,490.2 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM.
Rising cost of tomato: Households adopt weird alternatives to make stew
For Mrs. Gladys Maxwell, a tailor, she made use of N1,000 cucumber to complement her yam and rice sauce, after watching a presentation of such online.
Hardship: We can no longer plan our meals, FCT residents cry out
A cross-section of residents of the Federal Capital Territory (FCT), says they can no longer fend for their families due to the rising cost of foodstuff.
Fuel price rises 223.21% to N769.62 per litre — NBS
The national average retail price paid by consumers for Premium Motor Spirit, PMS, otherwise known as petrol increased year-on-year, YoY, by 223.21 per cent to N769.62 per litre in May 2024 from N238.11 per litre recorded in the corresponding period of 2023.
Cost of Living: Households reduce consumption expenditure
At the backdrop of the escalating cost of living crises, the National Bureau of Statistics, NBS, has released the long awaited ‘Gross Domestic Product (GDP) Report by Expenditure and Income Approach’, the first since second half of 2023, H2’23, showing negative shift in household consumption expenditure.
