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Category: Economy

Business Economy headline

Hard times in Nigeria as Tinubu’s policies deepen cost of living crisis

Iheanyi Ejiofor March 11, 2024 No Comments #cost of living reforms#Hard times#Tinubu

Blessing Joseph has been weaving bags, sandals and jewellery earning enough money to feed her son and send him to school. But since November, she has fallen on hard times…

Read More Hard times in Nigeria as Tinubu’s policies deepen cost of living crisis
Business Economy headline

Northern senators alleges budget padded with N3trn

Iheanyi Ejiofor March 10, 2024 No Comments #Abdul Ningi#Budget padding#Nothern senators

Our reporter/ The senator representing Bauchi Central, Abdul Ningi has alleged that the 2024 budget was padded with N3 trillion in the national assembly. Ningi, who made the disclosure in…

Read More Northern senators alleges budget padded with N3trn
Business Economy

NASCON Allied Industries declares a dividend, and bonus as Profit grows by 151%   

Iheanyi Ejiofor March 8, 2024 No Comments #NASCON

Leading food seasoning manufacturer, NASCON Allied Industries has gained more market share even as its profit after tax (PAT) rose by 151 percent to N13. 73 billion for the financial…

Read More NASCON Allied Industries declares a dividend, and bonus as Profit grows by 151%   
Business Economy headline

CBN says forex inflow as remittances quadrupled to $1.3 billion in February

Iheanyi Ejiofor March 8, 2024 No Comments #CBN#Forex inflow

-CBN’s data indicates that overseas remittances rose to $1.3 billion in February, more than four times the $300 million received in January. The Central Bank of Nigeria has reported a…

Read More CBN says forex inflow as remittances quadrupled to $1.3 billion in February
Business Economy headline

Power minister threatens Discos with licence revocation over blackout

Iheanyi Ejiofor March 7, 2024 No Comments #Blackout#DisCos

Our reporter/ The Minister of Power, Adebayo Adelabu, has threatened non-performing distribution companies (discos) with licence revocation as Nigerians suffer power outage in the country. “It is disheartening to witness…

Read More Power minister threatens Discos with licence revocation over blackout

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