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Nigeria economic hardship

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Dangote dismisses ‘false’ Elumelu rift claims and refinery financing rumors

Aliko Dangote's group has dismissed as false claims of a rift between him and Tony Elumelu, plus reports that personal borrowing financed the refinery.
Business

Cardoso warns bank directors to strengthen governance or face regulatory action

CBN Governor Olayemi Cardoso has warned Nigerian bank directors to strengthen corporate governance or face decisive regulatory action following the recent recapitalization exercise.
News

NLC Rejects Proposed Petrol Price Hike Amid Economic Hardship

The Nigeria Labour Congress (NLC) has rejected the proposed petrol price hike, arguing it will worsen economic hardship in Nigeria and urging the government to seek alternative solutions.
News

Amid Economic Hardship, President Tinubu Spends N2.3 Billion on Foreign Trips in Six Months

Amid economic hardship, President Tinubu's foreign trips cost N2.3 billion, drawing criticism as Nigerians face inflation and hardship.
News

NLC Announces Nationwide Protest Against Economic Hardship

The Nigeria Labour Congress plans a two-day protest over soaring inflation and declining wages, demanding government action to alleviate the economic strain faced by millions of Nigerian workers.

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News

Dangote dismisses ‘false’ Elumelu rift claims and refinery financing rumors

Aliko Dangote's group has dismissed as false claims of a rift between him and Tony Elumelu, plus reports that personal borrowing financed the refinery.
Business

Cardoso warns bank directors to strengthen governance or face regulatory action

CBN Governor Olayemi Cardoso has warned Nigerian bank directors to strengthen corporate governance or face decisive regulatory action following the recent recapitalization exercise.
Business

Investors gain N26.5trn on Nigerian Exchange in April

Nigerian stock investors pocketed 26.5 trillion naira in April as the All-Share Index surged 20.13 percent and market cap climbed to a record 155.7 trillion.
News

Analysts urge Nigeria to plug N31trn deficit by listing state assets

Analysts say Nigeria can fix its 31 trillion naira budget deficit by listing state-owned assets on the stock market instead of piling on more debt.