The galloping inflation and the forex volatility that have kept costs high has continued to drag the country’s economic activities down
The galloping inflation and the forex volatility that have kept costs high have continued to drag the country’s economic activities down as the July 2024 composite purchasing managers index stood at 49.7 points indicating contraction in economic activities for the thirteenth straight month.
An index above 50.0 points indicates an expansion in business activities while below 50.0 points indicates a contraction in business activities. Nine subsectors reported increased levels of New orders in July but cement and Forestry remained unchanged, the index shows. A coalition of civil society organisations under the aegis of Network of Abuja Left Groups, has called for the immediate sack of the National Security Adviser, Nuhu Ribadu over his handling of the #Endbadgovernance protests. They also called on President Bola Tinubu to dismiss the Inspector General of Police, Kayode Egbetokun and Director General Department…
Police have arrested a suspected poacher in South Africa found with tens of thousands of dollars' worth of dry abalone, a coveted delicacy smuggled mainly to Asia, the environment ministry said Wednesday. The motorist had 27 black plastic bags containing more than 13,000 of the mollusks weighing 640 kilos , the ministry…
Bauchi State Police Command has arrested a 62-year-old man, Tahir Ahmed, for allegedly mass-producing fake naira notes in Bauchi. Reports gathered that Ahmed was arrested in possession of the alleged counterfeit naira notes amounting to over N200,000. The suspect was arrested by the police after he reportedly used a ritual to turn plain paper into…
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