Category: Economy
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How ‘Load-shedding’ is Crippling A Nation’s Side Hustle Culture
A recent study conducted by online personal loan provider Wonga South Africa found that as many as 60% of the workforce currently on incomes of R10,000 a month or less have chosen to supplement their earnings by taking on a side hustle. However, one of the most significant challenges isn’t necessarily finding clients, juggling two…
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Food prices rise in March 2024 – NBS
The National Bureau of Statistics (NBS) says prices of beef, rice, beans, white garri, yam, and other food items increased in March 2024.
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Agric Minister blames rise in food prices on climate change
The Minister of Agriculture and Food Security, Sen. Abubakar Kyari, says climate change poses significant risks to food security by reducing crop yields and increasing food prices.
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Why price of bread is skyrocketing – Bakers
Premium Bread Makers Association of Nigeria (PBAN) has given reasons why the price of bread continues to rise in the country, despite appreciation of the Naira against the Dollar.
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FG moves to tackle astronomical rise in food prices
The Federal Competition and Consumer Protection Commission (FCCPC) has revealed plans to intensify monitoring and enforcement in formal and informal markets to ensure that business owners do not unfairly inflate prices.
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BREAKING: Despite Naira rebound against Dollar, inflation rate in Nigeria hits 33.20%
Despite the Naira rebound against the Dollar, the inflation rate in Nigeria, according to data released by the National Bureau of Statistics (NBS), has reached 33.20%.
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Inflation to further drop in 2024 – IMF
The International Monetary Fund (IMF) says inflation is easing faster than expected but has not been fully defeated.
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Palliatives not solution to hardship in Nigeria – Gov Diri
Governor of Bayelsa State, Senator Douye Diri has said offering palliatives was not the lasting solution to the economic hardship in the country.
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Why price of rice is skyrocketing – Farmers
Rice Farmers Association of Nigeria (RIFAN) has called on the government at all levels to prioritise ending farmer-herder conflicts as well as kidnapping in order to ensure reduction in the price of rice.
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Naira will continue to stabilise – VP Shettima assures
Vice President Kashim Shettima has assured that the Naira will continue to stabilise in the coming weeks and months.