The average cost of preparing a pot of jollof rice in Nigeria has risen to N21,579, consuming roughly 31% of the country’s minimum wage (N70,000) in September.
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Nigerians have expressed diverse opinions regarding a recent World Bank policy recommendation to President Bola Tinubu about reducing governance costs and providing urgent relief for ordinary Nigerians.
The economic hardship in Nigeria has taken a serious toll on every sector including the food industry. In this article, Nigerian food vendors expressed the pains they have been made to go through.
The number of companies approved to provide loans to Nigerians through digital platforms popularly known as loan apps has jumped to 320 this September from 284 in May.
The Human Rights Writers Association of Nigeria (HURIWA) has criticized President Bola Tinubu's recent remarks on the high cost of living, citing cost-cutting measures the federal government should urgently adopt.
Tony Elumelu, Chairman of UBA Group, has said that high regulatory and compliance costs are placing undue pressure on banks
The Lagos State Government has reintroduced a 25% fare discount on all regulated transportation modes, including buses, ferries, and train services, as part of its efforts to alleviate economic hardship.
The Members of the House of Representatives have unanimously decided to reduce their salaries by half for a period of six months as a demonstration of solidarity and shared sacrifice with the Nigerian people who are currently experiencing economic challenges and food insecurity.
Governor Mai Mala Buni has approved the disbursement of N695.9 million as Eid-el-Kabir bonuses.
Amidst the upcoming Eid-El-Kabir festival, ram sellers in Badagry, Lagos State, are grappling with sluggish sales as costs increase to as much as N750,000 for a large ram.
For working-class Nigerians, surviving the monthly onslaught of inflation is tough.
