Multiple taxes threaten gains of manufacturers in AfCFTA — MAN
The Manufacturers Association of Nigeria (MAN) has warned that the impact of multiplicity of taxes imposed on the manufacturing sector in the country may hinder the sector from maximizing the potential gains in the African Continental Free Trade Area (AfCFTA).
Inflation in Nigeria: Beyond the numbers
By Elvis Eromosele I was in Ikotun market weekend shopping for groceries with Madam. While it was coated in romantic garbs: ‘continuation of valentine’, the aim was surreptitiously to see where one’s money was entering in these times. A lady buying tomatoes just ahead of us, priced (haggled) up and down and finally exclaimed: “We […]
Inflation: Suffering becoming unbearable for Nigerians – CAN tells FG
“The suffering in the country is becoming unbearable for ordinary Nigerians. The high cost of foodstuffs, transportation, goods, and services has made life difficult for many Nigerians.”
Why govt must obey court order on fixing prices of goods – Lawyer
“The government must (fix prices of goods). The court has now ordered within seven days. A government that is interested in making sure that the lives of people are better will intervene in this particular process and obey the court judgement…”
Breaking: Fix price of goods within seven days — Court orders FG
“I have had the applicant Femi Falana in a suit no San,FHC/L/CS/869/2023 and I have also discovered that despite the service of the Originating motion on the respondents namely Attorney-General of the Federation and the Price Control Board…”
Inflation: We’ll open national reserves to address rising food costs — FG
“Of course, this meeting is not by itself exhaustive. It is going to continue tomorrow and the day after. Now, some of these will involve unlocking the food that is available in most of the storage facilities around the country.”
CBN will bring inflation down to 21.4% — Cardoso
“Inflationary pressures are expected to decline in 2024 due to the CBN’s inflation-targeting policy, which aims to rein in inflation to 21.4 percent”
Economy: Survival strategies Nigerians adopted in 2023
2023 came with various policies and economic difficulties. Prominent among numerous of them was the Naira redesign project. The deadline for deposits of old N200, N500 and N1,000 notes in readiness to transit to the new designed notes, came with some migraine. The rush to deposit the old naira notes to meet up with the […]
Experts list ways out of rising inflation rate
Some financial experts have urged the Federal Government to allocate more foreign exchange into the financial system to address illiquidity and tackle food insecurity challenges due to rising inflation.
Nigeria’s inflation rate hits 28.2% in November – NBS
Nigeria’s headline inflation rate increased to 28.2 per cent in November showing a 0.87 per cent points increase over the 27.33 per cent recorded in October, the National Bureau of Statistics (NBS) says.
Banks, customers lament low supply, as cash scarcity worsens
“At my branch, we have five ATMs and we use to load about N8 million in each machine. But now, we load N2 million and sometimes N1.5 million which customers withdraw in about one hour”
