nigerias economy
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Nigeria Price Shock: Indomie, Groundnut Oil, and Irish Potatoes Experience Drastic Surge, Straining Household Budgets
A recent market survey by Peoples Gazette in Mararaba, a satellite town in Abuja, reveals a concerning trend of skyrocketing prices for essential food items in Nigeria. Indomie, a household noodle brand, has experienced an alarming surge from N8,500 to N18,000 for its Super pack, marking an... -
Nigeria Obasanjo Cites Zimbabwe as an Economic Model for Nigeria to Follow
Former Nigerian President Olusegun Obasanjo has proposed an unconventional solution to Nigeria's soaring inflation levels. Speaking at a youth leadership symposium on his 87th birthday, Obasanjo suggested that the Nigerian government should seek guidance from Zimbabwe, a country that recently... -
Africa Controversial Anti-LGBTQ+ Bill Threatens Ghana's $3.8 Billion World Bank Lifeline
Ghana's government is at risk of losing a substantial $3.8 billion in World Bank funding due to the recent passage of an Anti-LGBTQ+ bill by the country's parliament. The Finance Ministry has urgently appealed to President Nana Akufo-Addo to delay signing the bill into law until its... -
Nigeria Viral Video: Nigerian Man's Anguish - Paid N1.6 Million for 10 Doors, Faces N400k Price Hike Upon Pickup
In response to the viral video of a Nigerian man facing a sudden price increase for purchased doors, citizens expressed outrage and concern over the situation. Many criticized the pervasive culture of taking advantage of others in Nigeria and highlighted the need for accountability. Twitter... -
Nigeria Again, Minister of Works Backs Tinubu, Denies His Role in Nigeria's Economic Hardships
In a recent press conference, defended President Bola Tinubu's administration, urging the public not to blame it entirely for the current economic hardships. Umahi, who previously chaired a committee on resolving farmers' and herders conflicts, pointed to long-standing issues affecting food... -
Nigeria Desperation Deepens as Hoodlums Target Food Trucks in Zaria Loot Spaghetti
In a distressing incident, a BUA truck carrying cartons of spaghetti fell victim to a brazen attack by hoodlums at the Dogarawa axis of the Zaria-Kano expressway. This unsettling event occurred around 3:15 pm, just after the truck driver had parked on the roadside to observe prayers. The... -
Nigeria Economic Struggles Spur Nationwide Protest in Lagos Despite Police Warning
A human rights group, the Take It Back Movement, has initiated a nationwide protest in Lagos, denouncing the prevailing economic hardships gripping the country. This demonstration, although anticipated to precede the organized labor's scheduled protest on Tuesday, has defied warnings issued by... -
Nigeria Nigeria's Poverty Trap: Only About 5% Of Nigerians Have Over N500,000 In Their Bank Accounts — Wale Edun
Finance Minister and Coordinating Minister of the Economy, Wale Edun, disclosed in a recent interview with Channels TV that approximately only 5% of Nigerians have more than N500,000 in their bank accounts. Edun emphasized that the ongoing federal government reforms aim to address economic... -
Nigeria President Tinubu Committed to Bitter Pill Transformation Strategy Amid Continued Hardship for Nigerians
President Bola Tinubu, during a meeting with a Corporate Council on Africa delegation led by Florizelle Liser, reaffirmed his administration's commitment to vital economic reforms aimed at fostering business growth and creating investment opportunities. Tinubu, expressing unwavering dedication... -
Nigeria Nigerians Slam Bobrisky's Ignorant Comment Blaming Economic Woes on Lack of Savings
In a recent Instagram post, popular media personality and cross-dresser, Bobrisky, expressed strong opinions on Nigerians complaining about the economic challenges in the country. Bobrisky admonished citizens for placing blame on the government, particularly under President Bola Ahmed Tinubu's...- Wakanda
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Nigeria Nigerians Conflicted Over VP Shettima's New Charm Offensive to Promote 'Good-hearted' President Tinubu
Vice President Kashim Shettima recently made a compelling appeal to Nigerians, urging them to invest their trust in President Bola Ahmed Tinubu. Speaking at a function in Abuja on Tuesday, February 20, Shettima expressed confidence in Tinubu's intentions for the nation, emphasizing that the... -
Nigeria Nigerians Ridicule Akpabio's Protest Sponsorship Claims, Accuse Him of Disconnect from Reality
In a recent session of the House, Senate President Godswill Akpabio asserted that the ongoing protests addressing the country's economic hardship are externally funded. During the plenary on February 20, Akpabio expressed concern over sponsored protests, emphasizing that many protesters may not... -
Nigeria Nigerians Demand CBN Governor Cardoso's Resignation for Claiming His Job is the 2nd Most Difficult in the World
Central Bank of Nigeria (CBN) Governor Olayemi Cardoso asserted that his role is the second most challenging on the planet. Addressing the 2024 First Plenary Assembly of the Catholic Bishops Conference of Nigeria, Cardoso highlighted the positive outcomes of the Federal Government's reform... -
Nigeria Sultan of Sokoto Warns of Impending Revolt Due to Hunger and Insecurity in Nigeria
In a stern message, Sultan Muhammad Sa’ad Abubakar III, leading the Northern Traditional Council, has raised alarm over the escalating poverty, hunger, and insecurity in Nigeria, cautioning that the populace may soon revolt against President Bola Tinubu’s administration. The warning, delivered... -
Nigeria Soaring Living Costs Drive Nigerians to Embrace Resilient 'Battle Rice,' Formerly Used for Fish Feed, for Sustenance
In the face of the unprecedented rise in living costs in northern Nigeria, a peculiar trend is emerging as many turn to rice grains known as 'afafata' - a term in the widely spoken Hausa language, meaning "battling." These grains, typically rejected by millers or sold to farmers for fish feed... -
Nigeria APC Challenges Obi and Atiku: Utilize Wealth for National Progress
The Confederation of All Progressives Congress (APC) Support Groups has issued a direct call to opposition leaders, Peter Obi and Atiku Abubakar, urging them to leverage their substantial wealth to alleviate poverty and unemployment in Nigeria. Prof. Mohammed Kailani, the group's... -
Nigeria Social Media Ignites as Atiku and Presidency Trade Blows Over Tinubu's Economic Plans
In a war of words, former Vice President Atiku Abubakar and the Presidency engaged in a fiery exchange on Sunday, trading barbs over the economic policies of President Bola Tinubu. Atiku, the 2023 presidential candidate of the Peoples Democratic Party (PDP), took to X (formerly Twitter) to decry... -
Nigeria Nigeria's Inflation Hits 28.20%! What You Need to Know
In a startling revelation, the National Bureau of Statistics (NBS) discloses a surge in Nigeria's headline inflation rate, reaching 28.20% in November compared to the previous month's 27.33%. This data, published in the Consumer Price Index for November 2023, signals a significant 0.87% point... -
Nigeria KPMG Nigeria forecasts a 30% surge in inflation by December 2023
KPMG Nigeria's latest economic forecast signals a concerning trend as it predicts the persisting inflationary pressure in the country, with expectations that the headline inflation will soar to approximately 30% by December 2023. This projection follows the ninth consecutive rise in Nigeria's...
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