The Federal Competition and Consumer Protection Commission has released findings from a comprehensive investigation into the factors contributing to the relentless increase in consumer costs. The FCCPC Director, Surveillance and Investigation Mrs. B.A Adeyinka, shed light on the multifaceted issues at play while briefing journalists during a m...
The World Bank, yesterday, said that Nigeria’s inflation rate will remain high at 24.8 percent year-on-year, YoY, in 2024. The World Bank’s projection, however, is lower than February 2024 inflation, which stood at 31.7 percent. The World Bank also reaffirmed its projection of 3.3 percent economic growth for the country in 2024 and reduced its...
•Sanitary pad A public health worker Patricia Nkem-Innocent has launched a campaign to enlighten young girls on personal hygiene and sexual health initiatives. Patricia said the campaign becomes necessary following the prevailing economic hardship in the country,which has forced many young girls to resort to the use of rags and other unsanitar...
•Some doctors performing a surgery Doctors under the auspices of the National Association of Public Health Physicians of Nigeria have lamented the high cost of drugs in the country. The association said the high prices of drugs would compound the woes of Nigerians, particularly those suffering from one ailment or the other, as many of [&hellip...
Bitcoin today hit a new record high above $71,000, as the surge in the biggest cryptocurrency showed no signs of slowing down. Checks show that the cryptocurrency coin is now at $71,196.85. It hit a peak of $71,432.
As the economic downturn continues, all areas of Nigerian lives and plans are also striving to grapple with the situation, as areas like housing and rent are also being affected. Nigerians are used to building with cement, but now have to go for other alternatives, as the price of cement is now on the high […]
•Protest Protest broke out in Oyo State, South-West Nigeria, today, over high cost of living, food inflation and the current economic hardship in the country. Staged in the Mokola area of Ibadan, the state capital, placard-carrying youths in their droves chanted songs to drive home their points, reports Channels TV. Some of the placards have [...
The Nigeria Civil Aviation Authority, NCAA, today, set up a committee to look into the high cost of airfares. Acting Director General of NCAA, Captain Chris Najomo, said in a video press release posted on the Authority’s official X, formerly Twitter, handle. Najomo said the committee is tasked with reducing cost. He said: “It has […]...
•El Al Israel Airlines Airline Operators of Nigeria, AON, has lamented what it termed existential threats, saying scarcity of Forex, skyrocketing price of Jet-A1, now N1,300 per litre and difficulty in acquiring aircraft due to country risk, among others, are some of the challenges faced by members. The operators, who called for urgent interve...
The Labour Party (LP) has advised President Bola Tinubu to seek help to address the surging economic crisis and high cost of living before it becomes unmanageable. LP, in a statement issued by its spokesperson, Mr. Obiora Ifoh, yesterday, expressed deep concern about the increasing cost of living in Nigeria, and how millions of people [&hellip...