Economy
UNHAS shutdown fligths operations in Nigeria’s Northeast over lack of funding
Funding Shortages Forced UN to Shut Down Air Services in Nigeria’s Northeast. The shutdown will severely compromise the humanitarian response in Nigeria’s northeast, where millions are already suffering from hunger, displacement, and insecurity.
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.
New cash withdrawal limits could be the death knell for small traders
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
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
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 […]
Devaluation of the naira and dodgy roads are crippling hides and skins trade
The devaluation of the naira and the appalling condition of major routes have taken their toll on hides and skins traders who are struggling to keep their businesses afloat – […]
Redesigning Nigeria’s currency now is not the right time – economist
Nigeria’s economy is critical at this stage and by redesigning the country’s currency it will just mean traders will be at risk of facing further losses. This was the view […]
Exorbitant cost of living drives market traders to shut up shop
The exorbitant cost of living, lack of purchasing power and poor patronage, as well as the hike in the prices of all commodities, have forced some traders at the Maiduguri […]
Incense no longer the sweet smell of success
For more than a thousand years incense, popularly called “Ka’aji” in Kanuri and also known as “Turaren Wuta”, has been used by the Kanuri and Shuwa Arab people – and […]
We are not thieves
Steel traders – popularly known as Ajaokuta – say people look down on them and think they are thieves. Umar Muhammed, a trader, told RNI that he was worried about […]
Cybercrime escalating in the time of COVID-19
Beware! The prevalence of cybercrime in the time of the COVID-19 pandemic is escalating – and it’s mostly affecting young people who think they are tech savvy. Some are targets […]
