economic challenges

Nigerian banks are grappling with a 69% rise in impairment charges due to a spike in loan defaults, driven by inflation and economic challenges.

Nigeria’s business activity hits an eight-month low in July, driven by steep cost pressures, according to the latest PMI report.

Nigeria’s inflation reaches 34.19% in June 2024, fueled by surging food prices. The NBS report highlights economic challenges.

Governor Godwin Obaseki of Edo State revealed that his administration planned to implement a ₦70,000 minimum wage three years ago, highlighting the state’s commitment to improving workers’ welfare amid economic …

Nigeria’s labor unions push for a N615,000 minimum wage, as states and the private sector face rising economic pressures.

Amid escalating hunger in Nigeria, leaders call for President Tinubu’s urgent action to avert a deepening economic and social crisis.

Nigeria’s inflation rate escalated to nearly 30% in January, with food prices significantly impacting the economy despite attempts at stabilization.

Despite ending 2023 below 30%, Nigeria’s inflation rate raises concerns, with calls for urgent steps in forex and security.

NANS Southwest Zone protests against proposed fuel price hike, and advocates alternative strategies for the populace’s welfare.

Nigeria, Africa’s most populous nation and largest economy is experiencing a slowdown in its information and communication technology (ICT) sector, which has been a key driver of its economic growth …