Garri prices have dropped sharply nationwide as abundant cassava harvest boosts supply, easing consumer pressure while Nigeria’s inflation continues to fall.
Economy
Most viewed
Popular
-
Pay taxes in minutes: The new simple process every taxpayer must know
-
60 million Nigerians spend $5.5m daily on gambling, SEC raises alarm on fading investment culture
-
Tension as FIRS debunks Atiku’s allegations and warns against politicising tax collection
-
Rice prices drop sharply across markets as local supply and imports rise
-
Batch B: FG offers Nigerian youths N50,000 to N500,000 for business
Economy Latest News
CBN sells $50m to Access, Zenith, UBA, other authorised dealers as USD demand surges, naira falls
The Central Bank of Nigeria (CBN) has intervened in the forex market with $50 million sales to authorised dealer banks and FX operators to ease demand on the naira.
Serbia avoiding 'confiscation' of Russian shares in oil firm NIS
Serbia's president on Sunday said he wanted to avoid the "confiscation" of Russian shares in Serbian oil company NIS "at all costs", as his country seeks an exit from crippling US sanctions. "I want us to avoid at all costs confiscation, nationalisation or seizure of property...
Samsung plans $310 bn investment to power AI expansion
South Korean conglomerate Samsung unveiled on Sunday a plan to invest $310 billion over the next five years mostly in technology powering artificial intelligence, aiming to meet growing demand driven by a global boom. The investment package announced on Sunday comes after the South Korean government had pledged to triple spending on artificial intelligence next year.
Luxury houses eye India, but barriers remain
The globe's biggest luxury brands have dreamt of India's vast consumer base for decades, but navigating the market has proven to be a complex task. - 'Ticks all the boxes' – India's luxury market is still relatively small, but expanding rapidly.
Budget coffee start-up leaves bitter taste in Berlin
Instantly recognisable by their electric blue shop fronts, branches of LAP Coffee have become a common sight in Berlin's hippest neighbourhoods over the past two years. Inside its branches, seating is sparse -- the idea being to snap an Instagrammable selfie in front of the chic decor before taking your coffee away in one of LAP's signature electric blue cups.
Zelensky vows overhaul of Ukraine's scandal-hit energy firms
Ukrainian President Volodymyr Zelensky on Saturday announced an overhaul of state-owned energy companies, after a corruption scandal at the heart of a sector battered by Russian attacks sparked a public outrcy.
BBC caught in crossfire of polarised political and media landscape
Accused of being biased by some, defended as a champion of impartiality by others, the BBC is once again the subject of a thorny debate about the role of a publicly funded broadcaster in an increasingly polarised landscape. BBC chairman Samir Shah this week defended the organisation's "sacred job" of upholding impartiality and the truth.
Tinubu’s tax reforms tipped as lifeline for Nigeria’s economy, says FIRS boss
The Chairman of the Federal Inland Revenue Service (FIRS), Zaach Adedeji, has revealed that President Bola Tinubu's tax reforms are benefitting Nigeria's economy.
Over 41,000 Nigerians to benefit as NDE expands Renewed Hope employment scheme
The NDE has commenced the second phase of the Renewed Hope Employment Initiative (RHEI), training 41,307 Nigerians across 8,809 electoral wards...
Economy
Load more