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Economy
Businesses adapt to survive as cost surges
More businesses in Nigeria, especially in the fast-moving consumer goods (FMCG) industry, are embracing ‘sachetisation’ as part of their strategies in a bid to prevent rising inflation from…
Scarce new naira notes threaten POS operators
Most Point of Sale (POS) operators around Federal Capital Territory have been off business as they decry the dearth of new naira notes.
"Customers are rejecting the old notes, and that is…
Customers’ frustrations grow on no-dollars via money transfer
There is growing frustration among customers who have tried to withdraw the dollars sent to them via money transfers, but could not due to the scarcity of foreign exchange (FX) in the…
Public-private collaboration needed to grow Nigeria’s startup ecosystem
Stakeholders at the one-day strategic conference on the Nigerian startup ecosystem have stated that the country must deepen collaboration between the private and public sector players for…
More pain for SMEs as CBN hikes rate to 17.5%
Small and Medium Enterprises battling higher borrowing costs now face a bigger headache as the Central Bank of Nigeria (CBN) raised its benchmark interest rate on Tuesday for the fifth…