HomeTagsNaira depreciation

naira depreciation

News

NYSC gets civilian leadership and new uniform in sweeping reform

Nigeria has approved a sweeping NYSC reform, replacing military with civilian leadership and adding a new uniform, technology-driven operations and a stronger focus on skills.
News

Open defecation returns to Cross River five years after COVID setback

Open defecation has surged back across Cross River five years after COVID stalled the state's sanitation drive, leaving 90 percent of rural homes without toilets.
News

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.
Business

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.
News

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.
News

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
News

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
News

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.
Business

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/$.
News

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.
Business

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.
News

Nigeria Faces Economic Challenges as Naira Dives Following Currency Unification

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

Nigeria’s Economic Woes Deepen Amid Inflation, FX Shortages

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

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...
Load more

Latest articles

News

NYSC gets civilian leadership and new uniform in sweeping reform

Nigeria has approved a sweeping NYSC reform, replacing military with civilian leadership and adding a new uniform, technology-driven operations and a stronger focus on skills.
News

Open defecation returns to Cross River five years after COVID setback

Open defecation has surged back across Cross River five years after COVID stalled the state's sanitation drive, leaving 90 percent of rural homes without toilets.
News

Boko Haram disguised as soldiers to abduct Borno NECO candidates, source says

Suspected Boko Haram terrorists in soldier and Forest Guard uniforms abducted NECO candidates and a teacher in Lassa, Borno, minutes after troops left their post.
News

Army declares 104 soldiers missing after Boko Haram attack on Borno base

More than 104 Nigerian soldiers have been unaccounted for since a June 5 attack on their Borno base, and the Army now calls them deserters.