Found 65 results for “cost”
The Central Bank of Nigeria reveals that the existence of multiple foreign exchange windows has cost the nation a significant 3% of its GDP, prompting calls for a policy reset. The bank emphasizes the need for reforms to enhance monetary policy effectiveness while maintaining a keen focus on inflation control.
The Central Bank of Nigeria (CBN) has announced a reduction of the benchmark interest rate to 23%, aimed at enhancing monetary policy effectiveness. This recalibration is part of a broader strategy to support the country's transition to an inflation targeting framework.
A recent analysis reveals that 22 firms listed on the Nigerian Exchange Limited are grappling with a staggering N21.3 trillion in debt, raising concerns over their financial sustainability. With many exhibiting high debt-to-equity ratios, the implications for investor confidence and shareholder returns could be significant.
FirstBank's new FirstEase initiative offers customers an innovative way to manage big-ticket purchases and everyday bills through digital lending. The program provides flexible payment options for e-commerce and bill payments, enhancing financial accessibility for users.
Nigeria's Falconets endure a heartbreaking defeat against Colombia at the FIFA U-20 Women's World Cup, reflecting on missed opportunities and resilience despite playing a man down. The match showcased the team's fighting spirit as they battled through challenging moments but ultimately succumbed to Colombian pressure.
The All Progressives Congress (APC) has demanded that Atiku Abubakar detail the legal and financial framework behind his proposed petrol subsidy. Key points of inquiry include the subsidy rate, funding sources, and measures to prevent fraud and smuggling.
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) acknowledges the financial strain on citizens due to rising petrol prices, yet asserts that it does not control pump prices in Nigeria's deregulated market. This statement comes amid growing public discontent over soaring fuel costs and their impact on daily living.
The All Progressives Congress (APC) has expressed serious concerns regarding the Lekan Salami Stadium's failure to meet CAF standards, attributing the setback to perceived engineering shortcomings under Governor Seyi Makinde's administration. The party highlights the implications of this failure for the Shooting Stars Sports Club's participation in continental competitions.
As Nigeria grapples with soaring petrol prices exceeding N1,400 per litre in Abuja, JPMorgan faces challenges in predicting oil price trends due to the escalating conflict in Iran. This situation raises concerns over the stability of Nigeria's energy sector and its impact on consumers.
Retirees in Cross River State are calling for urgent adjustments to their pensions, citing inadequate monthly payments that fail to meet basic living expenses. The Association of Retirees highlights the dire financial situation faced by many, with some receiving as little as N4,000 monthly.
Former Vice President Atiku Abubakar has extended an offer to President Bola Tinubu, suggesting collaboration on policy ideas aimed at easing the economic challenges faced by Nigerians. He emphasized the urgency of implementing effective solutions without waiting for the next administration.
The Naira has fallen to N1,375 per dollar in the parallel market, reflecting a decline from N1,370 just a day earlier. This depreciation highlights the growing disparity between the parallel and official exchange rates amidst ongoing economic challenges.
Recent weeks have seen a dramatic surge in fuel and cooking gas prices in Nigeria, exacerbating the daily struggles of citizens grappling with dwindling resources. The rising costs, driven by international tensions and high crude oil prices, are set to further strain household budgets and the national economy.
A postmortem examination has definitively established that journalist Pelumi Onifade succumbed to a gunshot wound, highlighting the tragic consequences of the #EndSARS protests. The findings indicate a penetrating firearm injury, raising serious concerns about the safety of journalists and protesters in Nigeria.
The World Health Organization emphasizes the urgent need for improved healthcare practices for individuals suffering from noncommunicable diseases (NCDs), which include diabetes, cancer, and heart diseases. This call to action highlights the importance of safer care protocols to better manage these chronic conditions.
