Economy
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Cash crisis hits Lagos, Oyo, Osun, Ekiti, Ondo, Rivers, Kwara, Sokoto, Kaduna as anger spreads among banks’ customers
Nigerians have expressed anger over the return of cash crisis in some states of the federation as bank customers scavenged…
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P&G: More multinationals may likely leave, MAN DG warns
Against the backdrop of the recent departure of multinational consumer goods giant, Procter & Gamble (P&G), from Nigeria, the Manufacturers…
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Manufacturing sector on life support, bleeds as forex loss rises 400% to N466bn
The manufacturing sector suffered a 400 percent increase in net foreign exchange loss to N466 billion in nine months ending…
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Shutdown of multinational corporations worrisome, threat to Nigeria’s economy – MAN, NACCIMA, others raise alarm
The Organised Private Sector (OPS) is worried that the trend of increased mass exodus, plans to exit and a reduction…
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Nigeria’s total debt skyrockets to N87.37trn
Director General of Debt Management Office (DMO), Ms. Patience Oniha, Friday, disclosed that the country’s debt stock stands at N87.37…
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Cash crunch worsens as banks ration withdrawals
Strong indications emerged yesterday that the agonies and pains of recent Naira redesign are here again as Nigerians have continued…
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Foreign investors pull out $333million in FDI, as multinational companies exit Nigeria
Against the backdrop of more exits from ground operations in Nigeria by more multinational companies, Nigeria’s economy is expected to…
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2024 budget too small to meet Nigeria’s needs — Budget Office
The Director-General of the Budget Office of the Federation, Ben Akabueze, says the N27.5trn 2024 budget estimates awaiting approval at…
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Naira crashes by over 80 percent after Tinubu and CBN’s experiment
Following the unification of foreign exchange (FX), by the Central Bank of Nigeria (CBN), the value of naira against the…
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Senate Leader faults N9.9trn recurrent expenditure of 2024 Budget
Senate Leader, Bamidele Opeyemi, says the N9.9 trillion recurrent expenditure of the N27.5 trillion 2024 budget is too high, as…
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