EkoHotBlog reports that about 25 states in Nigeria suffered a shortage fall in internally generated revenue and struggle with cash crunch in the first quarter of 2023. Data obtained from the budget implementation by The Punch report of each state showed that 25 states earned N182.26bn in Q1 2023. This was a shortfall of 3.07 … Read more
Nigeria’s GDP growth has declined to 2.31% in Q1 2023 from 3.52% in Q4 2022. The decrease is attributed to the adverse effects of the cash crunch experienced during the quarter. This aligns with KPMG’s earlier projection of slower GDP growth for 2023 due to naira redesign and political transition challenges. EKO HOT BLOG reports … Read more
NLC has called off its scheduled strike over the scarcity of Naira in the country. EKO HOT BLOG reports that the proposed nationwide strike by the Nigeria Labour Congress (NLC) due to the scarcity of naira notes across the country has been suspended. It would be recalled that the NLC had planned to begin a … Read more