Sunday, 28th April 2024
To guardian.ng
Search

How Nigerian consumers can manage cost-of-living crisis

By Reuters
13 November 2023   |   3:25 am
A survey by SBM Intelligence shows that Nigerian consumers spend about 97.4 per cent of their average income on food. The report highlights how high inflation, sluggish economic growth and high unemployment rates fuel Nigerian consumers' cost-of-living crisis. Seyi Awojulugbe, Senior Analyst, SBM Intelligence joins CNBC Africa for more.

0 Comments

Your email address will not be published. Required fields are marked *

Related

3 days ago
Boeing said Wednesday that it lost $355 million on falling revenue in the first quarter, another sign of the crisis gripping the aircraft manufacturer as it faces increasing scrutiny over the safety of its planes and accusations of shoddy work from a growing number of whistleblowers.
1 day ago
Nigeria has revoked 924 dormant mining licences while calling on investors to apply for the licences offered on a first-come, first-served basis. Meanwhile, the Lagos Chamber of Commerce and Industry is urging the government to review the mining industry strategy to attract mineral exploration investments, reignite mining project development, and accelerate new mineral discoveries.
1 day ago
Engineers at Columbia University's Creative Machines Lab have developed Emo – a robot capable of mimicking human facial expressions – to “enhance the interactions between humans and robots.” Emma Jehle has more.
1 day ago
The first fitness summit and Awards event in Nigeria, Wemove, took place at Lekki Phase I, Lagos a few weeks back. Powered by the Institute Of Registered Exercise Professionals And Purefitness Africa, the event brought together all fitness lovers and professionals, from across the country, in a bid to celebrate fitness and wellness in Nigeria. GuardianTV was at the event to report all the conversations on core issues faced by the fitness industry in Nigeria.
13 hours ago
Buckingham Palace confirmed that the UK monarch will restart his public-facing duties, nearly three months after being diagnosed with cancer.
13 hours ago
The government of the Democratic Republic of Congo is accusing Apple of using "illegally exploited" minerals extracted from the country's embattled east in its products, lawyers representing the African country said Thursday.