economic turmoil
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Nigeria Distress at CBN: Employees Express Fear and Anxiety Over Job Security as CBN Sacks 50 More Staff
The Central Bank of Nigeria (CBN) continues its wave of dismissals as 50 more staff members are terminated from their positions under the leadership of CBN governor Mr. Olayemi Cardoso. The recent round of layoffs spans across 29 departments, bringing the total number of casualties to 117 in the... -
Nigeria Nigerian Army Dismisses Sahara Reporters Claim of Presidential Guards Brigade on High Alert for Coup Plot as Fake News
The Nigerian Army has refuted claims from Sahara Reporters alleging that the Presidential Guards Brigade was placed on high alert due to suspicions of a coup plot. Last week, Chief of Defence Staff General Christopher Musa warned against advocating for a coup amid Nigeria's economic challenges... -
Nigeria Naira Plummets to Record Low of N1,534/$1 Despite CBN Intervention Efforts
In a dramatic turn of events, the official exchange rate between the naira and the dollar plummeted to an unprecedented low of N1,534 on the NAFEM market, marking the weakest point in the currency's history. The day's forex turnover, a mere $89 million, revealed a sharp 64.69% drop in comparison... -
Nigeria Nationwide Uproar: Nigerian Families Struggle as Rice Prices Skyrocket to N77,000 per Bag
In the face of an unprecedented surge in the cost of living, Nigerian families are grappling with the harsh realities of a struggling economy. The price of rice, a staple in the country, has skyrocketed to N77,000 per bag, reflecting a broader trend of escalating costs for goods and services...
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