Estimated Reading Time: 1The Onion Producers and Marketers Association of Nigeria has threatened to stop the supply of onions down to the South from June 7, 2021. The group said it would carry out the threat if the government fails to compensate its members who have suffered losses in recent[Read More…]
Tag: Economy
Northern onion sellers suspend shipments to the southeast
Estimated Reading Time: 2Onions sellers in the northern region have withhold selling onions to the south-east until further notice, the BBC reports. The development happened after suspected members of the Indigenous People of Biafra (IPOB) hijacked two onion trucks and sold them to locals for N9,000 per bag instead of[Read More…]
Kano State Hisbah confiscates 8,400 bottles of beer worth millions
Estimated Reading Time: 1The Kano State Hisbah Board says it has confiscated 8,400 bottles of beer in Dawakin Kudu and Kura Local Government Areas. The Commander-General of the board, Dr. Harun Ibn-Sina, disclosed this in a statement issued to newsmen on Tuesday in Kano. According to the statement “the vehicle[Read More…]
The Economist: Nigeria’s economy is stuck in a rut
Estimated Reading Time: 4 Rising oil prices will bring short-term relief, butmay delay essential reforms. TALK THAT everything is expensive fills the air at a market in Lagos, Nigeria’s commercial capital. Since February the minibus fare from home to the market has doubled, says Emmanuel Mokwe, who sells kitchen utensils.[Read More…]
Like Twitter, automobile giants Hyundia, KIA to establish plants in Ghana
Estimated Reading Time: 1South Korean multinational automotive manufacturers, Hyundai and KIA are set to establish assembly plants in Ghana by the end of 2022. Ghana’s minister for trade and industry, Alan Kyerematen, announced the development via his official Twitter handle on Thursday. According to him, the local assembly of vehicles[Read More…]
Nigeria emerges world’s highest Unemployment nation, Atiku says the Buhari’s government needs help
Estimated Reading Time: 3Nigeria’s former Vice President and Presidential Candidate of the Peoples Democratic Party, PDP, during the 2019 general elections, Atiku Abubakar has reacted to Nigeria’s ranking as World’s Highest in Unemployment ranking. In a series of tweets Sunday, he wrote, “How did Nigeria get here? We got here[Read More…]
“Too much unemployment” – Bola Tinubu laments, says Nigeria’s economy remains weak
Estimated Reading Time: 1All Progressives Congress chieftain, Bola Tinubu, says though Nigeria has exited recession, the country’s economy remains weak. Tinubu stated this in Kaduna on Saturday while delivering a speech as the chairman of the 2021 Sardauna Memorial Lecture held in honour of one of Nigeria’s founding fathers, the[Read More…]
Why Government must realize that digital currency is the future
Estimated Reading Time: 3By Hammed J. Sulaiman On the 5th of February, 2021, the Central Bank of Nigeria (CBN) issued a circular to all banks and financial institutions. In the circular, the apex bank stated that trading with cryptocurrencies and facilitating payment for cryptocurrency exchanges is now prohibited. The apex[Read More…]
Nigeria to sell refineries, ICC, 34 other government properties to fund the 2021 budget
Estimated Reading Time: 2The Nigerian government is planning to sell over 36 Nigerian properties to fund the N13.58 trillion 2021 budget. Online news platform, Premium Times reported this planned sales of assets in an exclusive report on Thursday. The report continued that the properties which cut across energy, industries, communication[Read More…]
Rice farmers beg Buhari to punish anyone in possession of foreign rice
Estimated Reading Time: 2The Rice Processors Association of Nigeria (RPAN) has called on President Muhammadu Buhari to criminalise the sales of foreign rice in the country. Recall the Buhari administration shut down all land borders in the county in August 2019 citing that the country needed to stop the struggling[Read More…]
