High inflation, interest rates affected manufacturing sector’s performance in 2024 – MAN President
President of the Manufacturers Association of Nigeria (MAN), Chief Francis Meshioye, has said that the manufacturing sector was severely impacted ...
Tag: High inflation
Companies pay less tax in the first quarter of 2024 as economy worsens
A review of the recently released Company Income Tax (CIT) report for the first quarter of 2024 reveals that income ...
High inflation causing hardship in Nigeria – IMF
The International Monetary Fund (IMF) said that high inflation in the country is a major source of hardship for Nigerians.
African governments spend 16.5% of revenues on servicing foreign loans – World Bank
The World Bank also stated that African countries need to restore macroeconomic stability and the protect poor.
World Bank says forex crisis, fuel subsidy, others are offsetting Nigeria’s gains from rising oil prices
FX crisis, high inflation, and fiscal pressures generated by fuel subsidies, according to the World Bank, distort the benefits of ...
