BUSINESS

Former lawmaker, Shehu Sani says the country’s numerous problems are man-made. Sani laments that despite the huge amount of money from the Paris refund shared by state governors, 133 million people now live below the poverty line. The social critic stated in a post via his verified Twitter handle on Monday. He noted that about 4.3 million people in the North East face severe hunger and malnutrition, a figure, according […]

The United Nations Food and Agriculture Organisation says Low crop yields, post-harvest losses, food safety concerns, and weak implementation of relevant policies, among others, are the reasons for agricultural product stagnation in Nigeria, It said this was part of findings contained in the latest Nigeria Food System Assessment Profile that was conducted in 2022, which was a joint initiative launched by the European Union, FAO, French Research Centre for Agricultural […]

The Nigerian National Petroleum Company Limited says a total of 339 million litres of petrol was distributed to 63 depots across the country in seven days. Data obtained from the NNPCL and the Nigerian Midstream and Downstream Petroleum Regulatory Authority by Journalists on Monday revealed that the products were sent out between February 25 and March 3rd. According to the Weekly National PMS Evacuation & Dispatch report, 339 million litres […]

Nigeria Employers’ Consultative Association has revealed that the Central Bank of Nigeria does not understand the naira crisis challenges, pointing out that the apex bank appears not to have a solution to the economic problems caused by the naira redesign policy. In a statement on Sunday, Director-General of NECA, Wale Oyerinde, stated that the situation had allowed speculators and economic saboteurs to have a field day at the expense of […]

The Food and Agriculture Organisation has warned that about 25 million Nigerians risk severe hunger between June and August this year. A report by the United Nations agency, in October 22 confirmed an existing 17 million famished Nigerians, and cautioned that the figure would hit the 25 million mark in the predicted period if urgent efforts are not taken to stem the surge. The organisation identified drivers of the unsavoury […]

The Socio-Economic Rights and Accountability Project, SERAP wants a reverse of what it called the unlawful and unreasonable increase in electricity tariff last month. The group pointed out that millions of Nigerians continue to live in darkness despite the spending by successive governments of trillions of naira as investments and bailouts to electricity companies. SERAP therefore urged the President to investigate the spending of public funds by successive governments to […]