It is no longer news that the world economy has in the past months been brought to a standstill. As COVID-19 continues to ravage, different countries across the world have been seen embarking on a nationwide lockdown, a move that hasn’t just disrupted human activities but crippled the business...
Economic experts have lamented the losses of looting and arson of properties in Lagos State.
Recall that between Tuesday, October 20, 2020, and Friday, October 23, some stores (both private and public), were looted, while properties were also destroyed by miscreants who hijacked the nationwide peaceful protest against police brutality...
President Muhammadu Buhari has told manufacturers in the country that his administration will address their main challenge, which is insufficient forex.
Unmaskng.com understands that the manufacturers need accessibility to forex for the procurement of raw materials and agro-allied equipment that are not available locally.
Addressing Mansur Ahmed-led executives of the Manufacturer Association of Nigeria (MAN),...
Stakeholders in the manufacturing sector have faulted the Federal Government over the country's poor economic performance.
This development came amid the recession Nigeria just plunged into.
With the economic downturn, stakeholders in the manufacturing sector, including those under the auspices of Manufacturers’ Association of Nigeria’s Export Group, Abuja Chamber of Commerce...
Dollar to naira lingering issue has attracted the attention of the World Bank, such that it counselled the Central Bank of Nigeria (CBN) on how to stabilise the foreign exchange (forex) market.
In an interview with Punch, Shubham Chaudhuri, the Country Director for Nigeria, World Bank, said even though the...
In the past few months, many Nigerians have been faced with the harsh reality of paying more to buy food commodities, especially farm produce harvested within the country. Amongst them was one Akinola Abdulkareem, who wrote on Twitter: “Food is now overtly expensive, no one is talking. As middle...
The only solution to the instability of Naira is the funding of Bureaux De Change (BDC).
Muhammadu Sanusi II, the dethroned Emir of Kano, and former Governor of the Central Bank of Nigeria (CBN), made the above statement.
While lecturing on the United States of Naira: What plan for unification, during...
The Chief Executive Officer of the Nigerian Stock Exchange (NSE), Oscar Onyema has revealed how several policies of the Central Bank of Nigeria (CBN) saved the country's economy from a total meltdown as COVID-19 rages.
During a forum over the weekend, Onyema stated that the economy faced different challenges as...
Rice farmers under the auspices of the Rice Farmers Association of Nigeria (RIFAN) have moved to address the high prices of rice in the country.
RIFAN disclosed that the unveiling of the one million bags of rice paddy piled up as pyramids in Abuja would see to the crash of...
The Central Bank of Nigeria (CBN) has advanced steps to tackle the increasing exchange rate challenge the country has since been battling, as it announced its decision to attract about $2 billion monthly as remittances from citizens in diaspora.
According to the Governor of CBN, Godwin Emefiele, since Pakistan receives...