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Economy

Frustrated truck drivers forced to hit the brakes

15 March 2024

Truck drivers say the ban on the exportation of food is causing shortages and hiking prices in parts of Nigeria – and preventing them from providing for their families. Frustrated […]

Borno State tailors head for greener pastures

16 February 2024

Exorbitant commodity prices, escalating inflation and the ever-plunging naira make other countries a safer and more lucrative bet for Maiduguri tailors Tailors in Maiduguri, Borno State, are spreading their wings […]

Governor lays foundation stone for remodelled international cattle market in Banki

16 February 2024

Largest livestock market in the Lake Chad Basin district will accommodate traders, stimulate economic activities by bolstering transborder commerce, and create employment opportunities The remodelled international cattle market in Banki, […]

Governor promises to provide subsidised petrol to Damasak farmers

9 February 2024

Borno State governor distributes cash, food, temporary shelters, mats and blankets to returnees from conflict-ridden Niger Republic. Borno State governor Babagana Umara Zulum has promised to provide petrol at subsidised […]

Special report: Furious Nigerians protest against hunger and the exorbitant cost of living

8 February 2024

Angry and aggrieved Nigerians take to the streets in response to government’s claim that citizens enjoyed the lowest cost of living in Africa R As the naira continues to plummet, […]

At least 30 shops razed and goods worth ₦150 million destroyed in Damaturu market fire

26 January 2024

Governor donates ₦100 million to dealers to help them to rebuild their shops so that they can start trading again soon At least 30 shops were burnt to ashes and […]

Locusts a tasty and profitable delicacy

24 January 2024

Apart from creating jobs and bringing in much-needed cash, the United Nations Food and Agriculture Organisation says edible insects, such as locusts, can help to address food insecurity. Most people […]

Skyrocketing raw meat prices a bone of contention for citizens of Borno State

23 January 2024

Prices of livestock and raw meat soar as the naira continues to depreciate and the inflation rate hits record-high levels The seemingly ever-depreciating naira and soaring inflation rate have had […]

Inflation rate in December hits nearly 30-year high of 28.9%

19 January 2024

National Bureau of Statistics says ever-increasing inflation rate is caused primarily by the substantial depreciation of the naira Nigeria’s annual inflation rate continued to accelerate in December, hitting a nearly […]