Industry
The News Agency of Nigeria reported that the prices of several perishable commodities have dropped by more than 50% amid the ongoing statewide hunger strike.
Max Air has announced that it will be suspending its operations indefinitely as protests become violent in different states, especially in the Northern region.
Another electric vehicle manufacturing company, Spiro has announced plans to set up vehicle manufacturing plants in eight Nigerian cities this year.
The EU plans to hike the cost of visas starting on Tuesday, June 11, 2024, so Nigerians and other Africans wishing to obtain one would have to pay extra.
Concerns that the government's plans for change may be thwarted by widespread protests over growing living expenses caused Nigeria's sovereign-risk premium to spike.
The Federal Competition and Consumer Protection Commission (FCCPC) has slammed Coca-Cola and its marketing company NBC for misleading Nigerians with their products.
Bosun Tijani, minister of communications, innovation, and digital economy, telecom said providers were not ordered to stop network operations because of protest.
The current status of the economy highlights the need for careful monetary policy to avert the harmful effects of rising inflation and preserve economic stability.
With a current capital deficiency of N4 trillion, the Nigerian banking sector is under pressure to raise capital to meet the CBN's capitalization criteria.
Industry
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