BREAKING: Inflation rises to 17.6%

The National Bureau of Statistics has said the Consumer Price Index which measures inflation increased year-on-year from 17.1 per cent in July to 17.6 per cent in the month of August. Data released by the […]

Recession: Unity Bank Sacks 215 Workers

Unity Bank Plc yesterday reduced its over 2,000  workforce by sacking 215 members of staff, it was reliably learnt. The exercise, it was further leant, was to enable the lender realign its operation and pursue […]

Customs rake in over N95b in August

The Nigeria Customs Service (NCS) has collected N95.7 billion in August, its highest collection in the last 10 months. Its Public Relations Unit on its website yesterday, said: “Last month, August 2016, the Service recorded […]

HP buys Samsung’s $1bn printer business

HP said the acquisition would help it to “disrupt and reinvent” the $55bn copier industry, a segment that “hasn’t innovated in decades”. It is buying a big printing presence in Asia, as well as Samsung’s […]

RECESSION | CBN says Nigeria is in trouble

The nation’s apex bank, Central Bank of Nigeria (CBN) yesterday announced that it was aware of the troubling economic outlay in country. It declared that as part of palliative measures, it has established special funds […]

‘Recession forcing artisans out of Nigeria’

Artisans from neighbouring countries are leaving Nigeria in droves as the economic recession has drastically cut jobs, the Nigerian Institute of Architects (NIA) has said. Arc. Usman Isyaku Bala, the newly re-elected chairman of the […]

Price of cement to increase | Manufacturers

Cement manufacturers have warned that if the Naira is further devalued, the price of cement will be increased further because they need a substantial amount of forex to pay expatriates, buy diesel, fuel, spare parts […]

Recession hits ram sales as Eid approaches

With the naira currency in free fall and inflation soaring, few Nigerians can escape the country’s economic troubles — and that includes Muslims preparing for Eid al-Adha. Livestock traders and buyers said the sale of […]

Lagos: Muslims lament high cost of rams

Barely 72 hours to this year’s Eid-el-Kabir, price of rams may force some Muslims to rethink the obligation of slaughtering rams. This was even as many civil servants in the state lamented the ‘tough’ situation. […]

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