Category: Economy
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Average price of 5kg cooking gas stands at N4,610.48 in March
The National Bureau of Statistics (NBS) says the average price of 5kg of cooking gas increased from N4,600.57 recorded in February to N4,610.48 in March.
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Petrol price increases by 42.63% a litre in one year – NBS
The National Bureau of Statistics (NBS), says the average retail price of a litre of petrol has increased from N185.30 in March 2022 to N264.29 in March 2023.
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Why subsidy removal is good for Nigeria – LCCI
The Lagos Chamber of Commerce and Industry (LCCI) says the Federal Government’s planned petrol subsidy removal remains one of the best economic decisions that will reduce Nigeria’s debts and tackle widespread corruption in the oil sector.
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FG cautioned to tread cautiously in raising tax rates
The Lagos Chamber of Commerce and Industry (LCCI) on Tuesday urged the Federal Government to tread cautiously in raising tax rates in an attempt to shore up its revenue in 2023.
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Inflation rate in Nigeria hits 22.04% – NBS
The National Bureau of Statistics (NBS), says Nigeria’s headline inflation rate increased to 22.04 per cent on a year-on-year basis in March 2023.
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Africa will face annual GDP shortfall of $127.2bn by 2030 – AfDB
African Development Bank (AfDB) says the African continent faces an annual GDP shortfall that could exceed 127.2 billion dollars by 2030.
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Relief for Nigerians as banks confirm receiving enough cash, load ATMs
The Central Bank of Nigeria has released more old notes to Deposit Money Banks as the apex bank steps up efforts to flood the economy with more cash after a prolonged cash crunch that has made life difficult for millions of Nigerians and residents. TheNewsGuru.com, (TNG) recalls the apex bank had last Thursday begun the…
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Hardship in Nigeria gets worse as food prices continue to rise
The hardship in Nigeria is getting worse as the National Bureau of Statistics (NBS) has disclosed the prices of food items such as yam, rice and beef witnessed increases in February.
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Petrol price increased by 54.76%
The National Bureau of Statistics (NBS), says the average retail price of a litre of Petrol increased from N170.42 in February 2022 to N263.76 in February 2023.
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Cash crunch: Buhari to address Nigerians today
President Muhammadu Buhari will make a national broadcast on Thursday on the cash crunch bedeviling Nigerians today. This was contained in a statement issued by his Special Adviser on Media and Publicity, Femi Adesina late Wednesday night. Recall that on Wednesday Nigerians in some parts of the country mostly in the western part protested the…