Business & Economy

Companies

Nigeria’s ailing economy ends iconic brands Omo, Lux. And it’s big deal

Eric Ojo -
Nigerians will no longer have the iconic products Omo and Lux in the market....
Business & Economy

Nigeria’s new debt figure suggests how much each citizen owes

Plu Team -
Nigeria’s total debt rose to N46.3 trillion or $103.11 billion at the end of...
Food

Unable to sell, Nigerian egg farmers cut prices, lose big

Plu Team -
Poultry farmers in Lagos are losing big after Nigeria’s cash crunch left huge of...
Food

Prices of top three Nigerian foods at highest levels in years

Jane Kalu -
The prices of three major foods in Nigeria surged to the highest levels in...
Business & Economy

CBN ends disruptive naira policy, begins release of notes

Plu Team -
Nigeria's central bank has finally ended its policy of seizing higher bank notes months...
Business & Economy

Fraud soars in Nigerian banks to highest level in five years

Eric Ojo -
The number of fraud cases in Nigerian commercial banks rose in 2021 by nearly...
Nation

Nigerian workers declare strike as naira scarcity worsens

Plu Team -
The Nigeria Labour Congress (NLC) has directed workers to remain at home from next...
Business & Economy

CBN made critical mistakes that doomed naira redesign

Stephen Onyeiwu -
Nigeria has successfully introduced new banknotes on about 10 occasions since independence in 1960. So why...
Business & Economy

Naira scarcity: No big relief for Nigerians after CBN meeting

Eric Ojo -
The Central Bank of Nigeria signalled Tuesday its decision to take cash out of...
Business & Economy

Nigeria’s central bank raises interest rate on price pressure

Plu Team -
The Central Bank of Nigeria raised its benchmark lending rate by 50 basis points...
Markets & Investing

Banks BTA cut reveals Nigeria’s forex trouble as reserves hit 17-month low

Eric Ojo -
Major Nigerian banks have announced cuts in personal travel allowance and business travel allowance...
Business & Economy

Trapped foreign airlines funds in Nigeria highest in the world

Plu Team -
Nigeria has the highest amount of trapped airlines funds within the past year, according...
Small Business

‘Pure water’ price goes up and producers are shutting factories

Plu Team -
Producers of table water in Abuja have closed their factories for over a week,...
Business & Economy

Naira shortage: Former statistician-general predicts N15 trillion cost on economy

Plu Team -
Ongoing currency shortage, which has imposed devastating impact on Nigeria’s economy will likely cut...
Markets & Investing

Nigerian banks cut forex payments to foreign travellers

Plu Team -
Major Nigerian banks announced new amounts they will be paying as personal travel allowance...
Business & Economy

After long delay, CBN finally confirms old naira notes still in use

Jane Kalu -
The Central Bank of Nigeria has finally confirmed that Nigerians can continue to spend...
Consumer

No cash, no garri: Naira crisis punishes Nigerians more, CBN silent

Jane Kalu -
Nigerians are paying dearly for the government’s mishandling of its currency replacement policy, with...
Companies

Naira shortage forces Heineken’s February sales to 15-year low

Plu Team -
Heineken NV, world’s second largest brewer, says it had its worst February in 15...
Politics & Power

Policy Impact: How governorship poll shift will affect Nigerians

Plu Team -
Nigeria’s electoral commission on Wednesday announced a surprise postponement of governorship and state assembly...
Development

For peace, Nigeria won’t mention religion in 2023 census

Jane Kalu -
Nigeria’s national census this year will again not survey religion and ethnicity of citizens...
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