Economic crisis: Nigeria records huge foreign direct investment fall
Foreign direct investment into Nigeria decreased by a third in 2022 and fell massively from its peak in 2008.
- Key points to note
The National...
Nigeria’s ailing economy ends iconic brands Omo, Lux. And it’s big deal
Nigerians will no longer have the iconic products Omo and Lux in the market. Unilever Nigeria, the century-old consumer goods manufacturer, announced last week...
Nigeria’s new debt figure suggests how much each citizen owes
Nigeria’s total debt rose to N46.3 trillion or $103.11 billion at the end of December 2022, a 14.5% rise over the tally for the...
Unable to sell, Nigerian egg farmers cut prices, lose big
Poultry farmers in Lagos are losing big after Nigeria’s cash crunch left huge of quantities of eggs unsold.
Traders have slashed prices but are still...
Prices of top three Nigerian foods at highest levels in years
The prices of three major foods in Nigeria surged to the highest levels in years in February, according to new government figures.
The price of...