Cost of living – InfoStride News

Minister of Works Summons Cement Manufacturers Over Price Hike

Ifeanyi Nwagboso — Sat, 17 Feb 2024 10:00:30 +0000

David Umahi, the Minister of Works, has called for an urgent meeting with key cement manufacturers in Nigeria to address the concerning increase in the price of cement. Umahi expressed his concern over the steep rise in the cost of cement, despite substantial patronage from road and housing contractors. The meeting is scheduled to take [...]

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Labour Party Urges President Tinubu to Address Rising Cost of Living and Hardships in Nigeria

Ifeanyi Nwagboso — Sun, 04 Feb 2024 21:00:06 +0000

The Labour Party (LP) has called on President Bola Tinubu to seek help over the increasing cost of living and hardships in the country before they become unmanageable. The party expressed deep concern about the crisis of food shortages affecting millions of Nigerians since the beginning of the year. In a statement issued on Monday [...]

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Skyrocketing Living Expenses Drive Nigerians to Secure N740 Billion in Bank Loans Over Nine Months

Temitope Nlewemchi — Fri, 29 Dec 2023 19:04:12 +0000

The escalating cost of living has propelled Nigerians to seek financial relief, resulting in a substantial borrowing trend that saw approximately N740 billion being borrowed from banks between January and September of the current year. This revelation emerges from a meticulous examination of the quarterly economic reports provided by the Central Bank of Nigeria (CBN). [...]

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