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Borno State traders suspicious about four fires that broke out during election time and gutted their shops and stalls

20 March 2023

Having stocked up on goods for the holy month of Ramadan, traders were left with nothing as four fires ripped through markets in Borno State.

Traders lose everything in massive inferno that engulfed Maiduguri’s Monday Market

27 February 2023

Devastated traders try desperately to retrieve valuable wares worth hundreds of millions but end up getting severely burnt and not being able to retrieve anything because of the furious flames. […]

Prices of all commodities – particularly food – are being slashed because of the scarcity of new naira notes in northeast rural areas

13 February 2023

Traders in the rural parts of northeastern Nigeria are begging the government to do something urgently to stop the scarcity of the newly redesigned ₦1,000, ₦500 and ₦200 notes because they are being forced to sell their wares for next to nothing

Central Bank of Nigeria extends deadline for people to swap their old naira notes for the new ones

30 January 2023

The Central Bank of Nigeria (CBN) announced on Sunday, January 29, that it was extending the deadline for citizens to swap their old ₦200, ₦500 and ₦1,000 notes for the newly redesigned notes from January 31 to February 10.

Doom and gloom as severe economic crisis threatens

16 January 2023

Doom and gloom as severe economic crisis threatens

Global growth is slowing sharply, with the worldwide economic output projected to be just 1.7% this year, according to the latest analysis from the World Bank Group.

Business is booming at the popular Baga Fish Market in Maiduguri

29 December 2022

Business is once again booming at the popular Baga Fish Market in Maiduguri, which was closed during the insurgency because of frequent attacks by extremists, and was allowed to reopen only seven months ago.

New cash withdrawal limits could be the death knell for small traders

16 December 2022

Traders in Maiduguri in Borno State have expressed dismay about the cash withdrawal policy put in place by the Central Bank of Nigeria (CBN), which allows individuals to withdraw a maximum of ₦100,000 and corporates ₦500,000 a week.

Currency redesign is causing panic buying and hoarding among traders and residents in Damboa

22 November 2022

As the time draws closer to the distribution of the redesigned Nigerian currency, people – most of whom do not even have bank accounts and deal only in cash – […]

Traders in Gamboru Ngala are ready to take the cattle by the horns and start buying and selling again

21 November 2022

The gates to the Gamboru International Cattle Market have been reopened after having been securely shut for about seven years because of the 13-year insurgency in Borno State. Residents, traders […]