Nigerians languish in poverty as inflation rises unfettered under Tinubu
Nigeria is currently facing severe economic challenges characterized by persistently high inflation rates, causing immense hardship for the citizens during President Bola Ahmed Tinubu’s reign over the last…
Cost of feeding worsens as food inflation hits 32.84%
The situation regarding food affordability in Nigeria has become increasingly challenging, as the country faces a significant rise in food inflation. According to the latest data from the…
KPMG projects Nigeria’s unemployment rate to hit 40.6% in 2023
According to BUSINESS HALLMARK, KPMG has projected Nigeria’s unemployment rate to rise further to 40.6 percent in 2023.Information Guide Nigeria In a report titled ‘Global Economic Outlook’, KPMG…
Cooking gas price increases by 61%
The price of 12.5kg of cooking gas increased by 61% between September 2021 and September 2022, from N6,165 to N9,906.Informaion Guide Nigeria The National Bureau of Statistics published…
Airfares rose by 96.87% in one year – NBS
The National Bureau of Statistics reports that air travel increased by 96.87 percent during the course of one year. In its report titled “transportation fare watch” (September 2022),…
Inflation hits 20.77%, food supply, FX crises worsen
According to the National Bureau of Statistics, Nigeria’s inflation rate reached a new high of 20.77 percent in September as food supplies, the foreign exchange crisis, and rises…
3 tiers of govt receive N1.93 trillion in 1st quarter
In the first quarter of 2019, all the three tiers of government in the country have received about N1.92 trillion from the Federation Account Allocation Committee FAAC, as…