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Tag: cash

News
Mob beats Lagos policeman to stupor after alleged push resulting in BRT crash

Mob beats Lagos policeman to stupor after alleged push resulting in BRT crash

August 7, 2023August 7, 2023 AGS

A yet-to-be-identified police officer was assaulted by a mob in a state of severe distress after a man named Yusuf was allegedly pushed onto a BRT bus lane by policemen in the Ketu area of Lagos State. According to eyewitnesses, … Continue reading Mob beats Lagos policeman to stupor after alleged push resulting in BRT crash

Business
Nigeria's GDP growth slows to 2.31% in Q1 2023 amid cash crunch

Nigeria’s GDP growth slows to 2.31% in Q1 2023 amid cash crunch

May 24, 2023November 20, 2024 AGS

Nigeria’s gross domestic product (GDP) experienced a year-on-year growth rate of 2.31% in the first quarter (Q1) of 2023, indicating a decline from the 3.11% recorded in the same period of 2022. The latest GDP report by the National Bureau … Continue reading Nigeria’s GDP growth slows to 2.31% in Q1 2023 amid cash crunch

BusinessLeave a comment
UN report reveals cash scarcity hobbled Nigeria’s economy

UNCTAD report reveals cash scarcity hobbled Nigeria’s economy

April 27, 2023November 20, 2024 AGS

According to the United Nations Conference on Trade and Development (UNCTAD), the Nigerian economy has been crippled by a shortage of cash, which has affected the informal sector the most. The UNCTAD also stated that the continued decline of oil … Continue reading UNCTAD report reveals cash scarcity hobbled Nigeria’s economy

BusinessLeave a comment
Dollar | Naira

Naira declines by 0.46% against the dollar

April 3, 2023 AGS

On Monday, the Naira experienced a decline in value against the dollar, trading at N463.50 at the investors’ and exporters’ window. This rate represents a 0.46% reduction compared to its previous value of N461.38 on March 31. The open indicative … Continue reading Naira declines by 0.46% against the dollar

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