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The average cost of a healthy diet in Nigeria rose to an all-time high at N1,265 in July 2024 according to data from the National Bureau of Statistics ((NBS). The cost of a healthy diet (CoHD) in July was 1.9% higher when compared to the previous month of June which stood at N1,241. According to
Video streaming platform, Netflix, has once again increased its subscription prices in Nigeria with its Premium Plan going up by 40% to 7,000 from N5,000 per month. The latest price increment makes it the second price adjustment by the platform within the space of 3 months, having implemented a price increment earlier in April this year. According to
It is a tale of woes as an acute scarcity of one of Nigerians’ most popular staple foods, bread, has hit Kaduna, Katsina and Kano. Checks revealed that the most-favoured staple was now as scarce as petrol. Whereas the commodity is hard to come by, its prices have hit the roof. Many of the residents
The horrible economic situation in Nigeria is becoming worrisome to say the least. Due to high “cost push” inflation in Nigeria, most citizens cannot afford to buy a full tuber of yam which has made some smart traders resort to cutting the yams into parts to be able to Make sales. This is not exclusive
List of companies that left Nigeria or closed down between 2023 and 2024: 1. Procter & Gamble (P&G) 2. GlaxoSmithKline (GSK) 3. Sanofi 4. Jumia Foods 5. Bolt Food 6. Equinor 7. 54gene 8. Mabisco Biscuits 9. Unilever (stopped producing anything in Nigeria) 10. Lazerpay 11. Microsoft 12. Binance 13. Truworths 14. Etisalat 15. ExxonMobil
Nigeria’s inflation rate for January 2024 rose to 29.90% from 28.92% recorded in the previous month according to the latest National Bureau of Statistics (NBS) inflation report. The increase shows that the inflation rate in the country is yet to slow down. The NBS report notes: “In January 2024, the headline inflation rate increased to
Peter Obi, the presidential candidate of the Labour Party has reeled out some of his views on how to tackle inflation in Nigeria. Below are his words “These are my views on the economy. Flutterwave, on its own, was recently valued at US$3 billion. We will create an enabling environment for our startups to thrive.
On Monday, Venezuelan President Nicolas Maduro issued a new currency to manage the country’s runaway inflation, which the IMF predicts will hit 1,000,000% this year. The Venezuelan bolivar has become near-worthless, following a severe economic downturn. To show the extent to which hyperinflation has gripped the country, Reuters photographer Carlos Garcia Rawlins created images of