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naira depreciation

Peter Obi, Victor Umeh, Ben Obi register with ADC

KEY POINTS Peter Obi, Victor Umeh and Ben Obi have officially registered with the...

Ugo Ugochukwu Claims Maiden Formula 3 Victory in Melbourne

KEY POINTS Ugo Ugochukwu won his first FIA Formula 3 race in Melbourne after...

NNPC Raises Fuel Price to ₦955 per Litre

NNPC raises petrol price to ₦955 per litre amid rising global oil costs, FX pressure, and public backlash over inflation.

CBN: Business Confidence in Nigerian Economy Drops 3.2 Points

According to its CBN survey, business confidence was down 3.2 points, with businesses expecting naira depreciation.

Rising Naira Costs Push Starlink Out of Reach for Many Nigerians

The weakening naira has caused Starlink prices to surge by 115%, leaving many Nigerians struggling to afford the satellite internet service that was once accessible.

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...

Latest articles

Peter Obi, Victor Umeh, Ben Obi register with ADC

KEY POINTS Peter Obi, Victor Umeh and Ben Obi have officially registered with the...

Ugo Ugochukwu Claims Maiden Formula 3 Victory in Melbourne

KEY POINTS Ugo Ugochukwu won his first FIA Formula 3 race in Melbourne after...

IGP Appoints DCP Anthony Placid as New Police Spokesperson

KEY POINTS Inspector-General of Police Olatunji Disu has appointed Deputy Commissioner of Police Anthony...

Showunmi Criticises Al Jazeera Interview with Tinubu Aide Bwala

KEY POINTS PDP chieftain Segun Showunmi criticised an Al Jazeera interview between Mehdi Hassan...