FMCG Companies Cut Workforce by 8.7% in 2023 Amid Economic Challenges
The Fast-Moving Consumer Goods (FMCG) sector in Nigeria witnessed a notable downsizing of its workforce in 2023, reflecting the ongoing ...
Tag: #Nigeria
Nigerians Experience Relief as Major Filling Stations Slash Fuel Prices by Over N200
Nigerians have begun to see some relief at the fuel pump as several filling stations across the country have significantly ...
FG and States Secure N100bn for Prepaid Electricity Meter Procurement
In a significant move to address Nigeria's long-standing electricity metering gap, the Federal Government, in collaboration with state governments, has ...
Nigeria’s GDP Could Rise to 5% with Structural Reforms, Says IMF
The International Monetary Fund (IMF) has indicated that Nigeria’s economy has the potential to grow at a robust rate of ...
Domestic Air Fares Surge by 25% in July 2024 Amid Rising Tax Charges
Domestic air travel in Nigeria saw a significant rise in costs in July 2024, with airfares jumping by 25% year-on-year, ...
Nigeria’s Capital Outflows Surge to $1 Billion in April 2024, Driven by Capital Reversals
In April 2024, Nigeria experienced a notable surge in capital outflows, reaching a total of $1 billion, marking a significant ...
FG Threatens to Shut Down Fuel Stations as Petrol Prices Skyrocket to N1,000/Litre
In a dramatic surge, petrol prices at many independent filling stations across Nigeria have skyrocketed to between N900 and N1,000 ...
Nigeria’s FX Turnover Hits $7.4 Billion in July, Reflecting Increased Trading Activity
Nigeria's foreign exchange (FX) market experienced a significant boost in trading activity in July 2024, with a turnover of N11.48 ...
Capital Reversals Drive Nigeria’s $1 Billion Foreign Outflow in April 2024
Nigeria saw a significant rise in capital outflows in April 2024, with total outflows reaching $1 billion, marking a 35.14% ...
Nigeria’s World Bank Loan Disbursement Under Tinubu’s Administration Stands at Only 16%
Nigeria has so far received just 16% of the World Bank loans approved during the administration of President Bola Tinubu, ...
