Water Transportation Fare Increases By 45%, According To NBS
The average fare paid for water transport in June 2023 rose to N1,366.22, a 44.84 per cent rise from N943.26 in June 2022, the National Bureau of Statistics (NBS) has disclosed in its latest report.
The NBS...
MAN Says N77trn Debt May Stall Tinubu’s Economic Plan
The Manufacturers Association of Nigeria (MAN) has indicated that Nigeria’s estimated N77 trillion debt burden would likely truncate the economic plans of President Tinubu-led regime.
The manufacturers also lamented that the sector has been at the receiving...
CBN Loan To Manufacturer, Power Firms Soars To N5.6trn
The Central Bank of Nigeria (CBN) intervention in the power, manufacturing and aviation sectors have risen to N5.6tn in three years.
The soft loans were advanced amid the continued and varied challenges facing the key sectors of...
CBN Releases N38bn Loans To Mortgage Banks
The Central Bank of Nigeria (CBN) disbursed loans and advances worth N37.6bn to mortgage banks in 2022; the audited financial statement of the apex bank has shown.
The mortgage banks that received the loans from the CBN include the...
Naira Redesign, Others Gulped N74bn In 2022, Says CBN
It cost the Central Bank of Nigeria (CBN) and its subsidiary about N74.84bn to produce and roll out currencies, including new naira notes, in 2022.
Despite the scarcity of naira that plagued the country in the latter...
Domestic Airfares Hit 40% High In 12 Months – NBS
Nigeria’s domestic air travel expenses have skyrocketed by 40 per cent from June 2022 to June 2023.
The National Bureau of Statistics (NBS) data disclosed this in its recent Transport Fare Watch report for June 2023.
The...
