Tag: Inflation
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Bitcoin Faces Sharp Pullback from Record Highs: What Comes Next?
Bitcoin, the world’s largest cryptocurrency, experienced a significant pullback from its record highs, plummeting to $66,885 in the early hours of Friday, marking a 9% decline ... -
Economic Strain: Over 700 Manufacturers Cease Operations in 2023, MAN Reports
The Nigerian manufacturing sector grapples with significant challenges as over 700 industries shuttered their operations in 2023, with an additional 335 becoming distressed, according to the ... -
Economic Hardship Looms: Anxiety Mounts as Tinubu Government Considers Electricity Subsidy Removal
Renowned journalist Ogaga Ariemu delves into the palpable anxiety gripping Nigeria as the Bola Ahmed Tinubu-led federal government contemplates removing electricity subsidies, a move feared to ... -
CBN Raises Price Verification System Limit to 15% to Combat Global Inflation
In a bid to address the challenges posed by global inflation, the Central Bank of Nigeria (CBN) has announced a significant adjustment to the Price Verification ... -
Nigerians Grapple with Soaring Food Prices, Staple Commodities Surge by 50%
In a troubling development for households across Nigeria, the prices of essential food items have skyrocketed by an alarming 50% in recent months, exacerbating the already ... -
Cement Prices Double in Three Years, Hits ₦7,000 per Bag
The price of cement in Nigeria has surged by 100% over the past three years, reaching an astonishing ₦7,000 per bag. This dramatic increase has left ... -
Senator Ndume Challenges CBN’s Relocation Plans, Advocates for Monetary Stability
Chief Whip of the Senate, Mohammed Ndume, has reiterated his opposition to the Central Bank of Nigeria’s (CBN) plans to relocate some departments to Lagos, emphasizing ... -
Subsidy: FG owes NNPCL N2.8trn – Kyari
The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari has disclosed that the Federal Government owes the company to the tune ... -
Passengers groan as NRC insists on cash transactions
Despite the adoption of cashless payment systems across different segments of the country, the Nigerian Railway Corporation has insisted on cash payment for its transactions, especially ... -
Katsina youths protest hardship, stone officials during Buhari’s visit
The President, Major General Muhammadu Buhari (retd.), on Thursday, commenced a two-day official visit to his home state of Katsina where he inaugurated some projects executed ...