Sunday, February 23, 2025

Economy

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...

CBN ends disruptive naira policy, begins release of notes

Nigeria's central bank has finally ended its policy of seizing higher bank notes months after introducing the expensive measure that badly affected lives and...

Fraud soars in Nigerian banks to highest level in five years

The number of fraud cases in Nigerian commercial banks rose in 2021 by nearly half to the highest level in five years. By December that...

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