Economy

FCCPC enforces prices in Nasarawa markets The Federal Competition and Consumer Protection Commission is persisting with its price monitoring initiative across local markets with a visit on Friday to Masaka market in Nasarawa State. This action is part of the commission’s broader campaign to enforce compliance with pricing, quantity, and …

“Don’t ask for more than one sachet of pure water in someone’s house or shop, A sachet of pure water now is N50” – Daniel Regha advice Nigerians following increase in price of sachet water. Popular Nigerian social media commentator, Daniel Regha has shared a piece of advice to Nigerians via his …

Organised labour, comprising the Nigerian Labour Congress and Trade Union Congress, has demanded N615,000 as the new minimum wage for workers in the country.   Organised labour, comprising the Nigerian Labour Congress and Trade Union Congress, has demanded N615,000 as the new minimum wage for workers in the country. An …

The Economic and Financial Crimes Commission (EFCC) says it has recovered N30 billion from the investigation of Betta Edu, suspended minister of humanitarian affairs. On January 8, President Bola Tinubu suspended Edu and directed the EFCC “to conduct a thorough investigation into all aspects of the financial transaction” involving her ministry. The …

Nigeria is set to receive a $1.05bn syndicated loan backed by oil from the African Export-Import Bank next month. The loan is part of a larger $3.3bn prepayment facility arranged by Afreximbank, with repayment terms tied to crude cargoes from the Nigerian National Petroleum Company Ltd. According to Bloomberg, Afreximbank’s …

Hilarious reactions have trailed a clip that was shared on Instagram, which captured a lady showing off the content of the peanut she bought for 100 naira. The lady who noticed that the pack felt full but the contents in it were little, out of curiosity counted the content in the …

A Nigerian man has drawn the attention of netizens after showing his unique approach to saving fuel in the midst of the country’s economic challenges. In a video that has since gone viral, the man can be seen wearing nothing but a towel as he attempts to turn on his …

130 farmers killed in four Benue LGs, 28 in Sokoto, sorghum production falls by 90% in Borno Benue farmers lose N1.1bn to attacks, Sokoto growers pay N3bn ransoms, N5m paid in Delta No fewer than 165 farmers have lost their lives to attacks by bandits, who have hindered access to …

The Oyo State Government on Monday banned the use of Styrofoam for food services, storage, and other related purposes. Gistfox News reports that the state House of Assembly had, on Thursday, February 8, 2024, urged the state government to ban the use of Styrofoam for food purposes in the state. …

Different reactions have trailed the piece of food a man shared online with claims that he purchased it for 98k in a restaurant in Lagos. Sharing pictures of the food and receipt, the man noted via the caption that this is daylight robbery, but nothing can be done about it. The images …