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A report by Chapel Hill Denham has estimated that about 15.64 million litres of petrol are smuggled out of Nigerian daily.
Financial ratios help track the changes in the values of companies over time and in turn, helps spot trends that may be developing in a company.
High inflation basically erodes the purchasing power of the citizens and affects all areas of one’s spending.
This is the top Brewers in Nigeria by market share
Now that the company has returned to the path of profit after 4 years of losses, sustaining it is what should be its focus.
As any astute investor is aware, you can minimize these turbulent moments even when things appear hopeless.
Fuel scarcity has worsened across Lagos, Ogun States, as filling stations now sell petrol at N185 per litre or more.
The NGX closed on a positive note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) appreciated by 66 basis points.
Nigeria could be headed for hard economic crisis that is riddled by the high cost of goods and services and a contracting economic growth rate if it does not take urgent steps to fix things.
A trader said “we do not know where we are heading to" with these price increases.
With interest rates high, there is palpable fear that we could be headed for another global recession and one that could last for some time.
The apps are designed to make banking easier and more comfortable for the users, however, the experience for each users differs based on several factors.