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37% of Nigerian businesses cut jobs, reduced working hours due to cash scarcity – Report
A new report by SB Morgen Intelligence has said about 36.96 percent of Nigerian businesses had to lay off staff ...Inflation not peculiar to Nigeria, stop blaming Buhari, presidency tells critics
Presidential spokesperson, Garba Shehu, has said the inflation spike is a global problem and not peculiar to Nigeria. Recall that ...FG spends N13 trillion on subsidy, sets removal guidelines
The Federal Government has said it was developing a comprehensive guide for the incoming administration of Bola Tinubu, on how ...JUST IN: Higher food prices push Nigeria’s inflation to 22.22%
JUST IN: Higher food prices push Nigeria’s inflation to 22.22% The consumer price index, which measures the rate of change ...Households, restaurants resorting to tomato pastes as basket of tomato costs N70,000 in South
Many households and restaurants across the country are now resorting to tomato pastes and other available alternatives for their cooking ...No major fraud committed without connivance of bank officials, says EFCC
The Economic and Financial Crimes Commission has said there is no major fraud committed in the banking sector without the ...Debt servicing hits $112m monthly, says CBN
The Federal Government spent $112.35m servicing external debt in January 2023. Data from the Central Bank of Nigeria’s Weekly International ...BVN has no expiry date, CBN clarifies
The Central Bank of Nigeria has said the bank verification number it issues in collaboration with Nigeria Inter-Bank Settlement System ...Trouble looms over rising debt, Budget Office warns
The Budget Office of the Federation has said Nigeria now has a “limited borrowing space” due to its poor debt-to-revenue ...Osinbajo inaugurates Transcorp’s Afam 240MW capacity turbines
The Vice President of the Federal Republic of Nigeria, Prof. Yemi Osinbajo has inaugurated Transafam Power – a subsidiary of ...
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