Saturday, May 2, 2026
N818.3bn FMCG losses hint at economic freefall for Nigeria, says analyst
Business a.m. Nigeria’s fast moving consumer goods (FMCG) sector's weak performance in the first of 2024, resulting in massive losses,...
Read moreDetailsEconomic hardship forces 14,179 sacked Nigerian RSA holders to withdraw N23.4bn from retirement savings
Business a.m. As Nigeria’s economy continues to endure a period of instability, the country’s job market has taken a significant...
Read moreDetailsNLNG boosting local content in Nigeria with Train 7 — NCDMB
Ben Eguzozie The Nigerian LNG Train 7 project being built at the cost of $7 billion, is seen amplifying Nigeria’s...
Read moreDetailsPetrol holds Nigerian economy hostage as crisis disarms officials
Price hikes destabilise businesses, homes Scarcity drives managers, consumers nuts Economy disconfigured by petrol crisis Ricochet of President’s May 29,...
Read moreDetailsLimits of the sacrosanct sovereign national asset (2)
BUSINESS A.M EDITORIAL Last week, the ninth summit and 2024 edition of Forum on China–Africa Cooperation (FOCAC) was held in...
Read moreDetailsWorld food prices show minor decrease in August as sugar, meat, and cereal prices fall
Business a.m. The FAO Food Price Index, a key indicator of global food market trends, indicated a decrease in global...
Read moreDetailsFuel price hike spells doom for Nigerian businesses as inflation concerns mount
Business a.m. The Manufacturing Association of Nigeria (MAN) has issued a warning that the recent hike in the cost of...
Read moreDetailsCBN lending dives 76% to N4trn as banks opt for higher SDF rates
Business a.m. The Central Bank of Nigeria (CBN) has reported a significant decrease in the volume of bank borrowings from...
Read moreDetailsTinubu era sees Nigeria become third largest IDA debtor with $2.2bn loan
Business a.m. Nigeria has emerged as the third most indebted nation among the borrowers of the World Bank's International Development...
Read moreDetailsNigeria private sector expansion slows to a halt in August-PMI
Business a.m. Business conditions in Nigeria's private sector remained broadly stagnant in August, despite some signs of improvement, according to...
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