Economy

ISWAP Kills Five Farmers in Borno State, Northeastern Nigeria
Saturday, August 30, suspected ISWAP insurgents killed at least five farmers. The tragedy occurred in Ngoshe, a community in the Gwoza Local Government Area of Borno State. “Such horrors visit us almost daily” said Junaid Jibrin, a legislative aide.

It’s power to the people of the Kaga, Gubio and Magumeri districts after 10-year blackout
Light at the end of a very long and dark tunnel as businesses are picking up, cold drinking water and soft drinks are on hand and people can recharge their […]

New-look Maiduguri Monday Market up and running again
Governor waivers rent for two years for 8,000 traders and gives ₦800 million to 2,825 who did not get a shop, promising them a place in a new market expected […]

No such thing as a free ride for many of Borno State farmers
Maiduguri farmers say the free bus rollout plan is not working properly and many have to pay tricycle riders to take them to and from their lands. Farmers have criticised […]

Trade between Nigeria and Niger at a standstill because of coup
Sanctions imposed on Niger are having a negative effect on business activities and are taking a heavy toll on traders in the northern parts of Nigeria

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