HomeTagsNaira depreciation

naira depreciation

Ghana to Take in West Africans Deported From U.S., Mahama Confirms

Ghana accepts Nigerians and other West Africans deported from the U.S., with Mahama citing regional visa-free policy in the fight against deportations

Zamfara Nurses Strike as Union Presses Governor

Zamfara nurses strike after 24-hour ultimatum to Governor Lawal, demanding unpaid entitlements and better welfare conditions.

Naira Slumps Against Dollar, Erasing Gains Celebrated by Presidency

Naira falls by 91 points against the dollar 24 hours after a brief recovery was celebrated by the presidency

More Naira, Less Value: Inflation Erodes ₦7.6 Trillion in Consumer Spending

Inflation in Nigeria has wiped out ₦7.6 trillion in consumer spending, highlighting severe economic challenges and declining purchasing power for households

Naira Falls as External Reserves Dip Despite FX Reforms

The naira continues to fall amid declining external reserves, despite FX reforms by the Central Bank of Nigeria, raising concerns about the country's economic stability.

CBN’s Naira Stabilization Efforts is Ineffective, Says Peterside

Atedo Peterside criticizes CBN’s approach to stabilizing the naira, calling for a more sustainable and market-aligned strategy as the currency hits N1500/$.

Breaking News: Naira Hits Record Low of N1,600; Tinubu’s Policies Questioned

Nigeria's naira hits a new low of N1,600/$1, facing a steep decline as President Tinubu's economic measures struggle to stabilize the economy amidst rising inflation and policy challenges.

CBN Implements Strict FX Regulations on Banks Amid Naira Depreciation

In a bold move, CBN tightens FX regulations for banks, aiming to curb naira's free fall and stabilize the Nigerian economy.

Nigeria Faces Economic Challenges as Naira Dives Following Currency Unification

Nigeria's economic crisis deepens with naira's sharp fall after unification.

Nigeria’s Economic Woes Deepen Amid Inflation, FX Shortages

Amid soaring inflation rates and a dwindling foreign exchange (FX) reservoir, Nigeria's economic health...

Naira Plummets as World Bank Ranks It Among Africa’s Worst Currencies

The Nigerian naira has been ranked among the worst-performing currencies in Africa by the...

Nigeria’s Industrialisation Dream Fades as Naira Hits Record Low 

Nigeria, Africa’s largest economy, is facing a crisis of industrialization as its currency, the...

How Nigeria’s Naira Lost 99.92% of Its Value in 50 Years 

Nigeria’s naira currency has depreciated significantly in the past five decades, losing 99.92% of...

Latest articles

Ghana to Take in West Africans Deported From U.S., Mahama Confirms

Ghana accepts Nigerians and other West Africans deported from the U.S., with Mahama citing regional visa-free policy in the fight against deportations

Zamfara Nurses Strike as Union Presses Governor

Zamfara nurses strike after 24-hour ultimatum to Governor Lawal, demanding unpaid entitlements and better welfare conditions.

PDP Micro-Zoning Dispute Deepens Ahead of 2027

Key points PDP micro-zoning crisis 2027 divides party leaders. ADC gains strength after INEC...

FG Declares Carter Bridge ‘Irredeemable,’ Plans New Alignment

The Federal Government says Carter Bridge in Lagos is in a critical state and may be beyond repair, with plans for a new alignment underway.