Nigerian Economy in Crisis: Naira Falls to Historic Low of N1,555/$

The Nigerian economy is facing a significant crisis as the naira plummets to a historic low of N1,555 per dollar in the parallel market. This alarming depreciation has far-reaching implications for the country’s economic stability, inflation rates, and the daily lives of its citizens. The Causes Behind the Decline Several factors have contributed to... Read More

Investigation Uncovers Job Threat for 40,000 Due to Port Operation Slump Amid Economic Crisis

The maritime sector in Nigeria is facing a severe crisis due to a significant drop in vessel calls at the nation’s ports. This downturn has had a domino effect on various businesses, exacerbating the ongoing forex crisis and inflation that are plaguing the economy. Impact on Maritime Sector Stakeholders The drastic reduction in vessel... Read More