Business

Job losses rise as 4m small businesses shut in two months

Job losses

Job losses in Nigeria, Africa’s biggest economy, are on the rise as a result of the surge in petrol prices occasioned by the removal of subsidy and the devaluation of the naira. Rising inflationary pressures in recent months have weakened the purchasing power of cash-strapped consumers, even as businesses grapple with higher operating costs. This […]

read more Job losses rise as 4m small businesses shut in two months