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naira depreciation

Nigeria’s North-East recorded nearly 2,000 IED explosions in seven years, new report reveals

Nearly 2,000 explosive device incidents hit Nigeria's North-East over seven years, with road-planted IEDs accounting for the largest share of attacks throughout the period.

Dino Melaye says INEC has become a department of APC, demands chairman’s exit

Dino Melaye accused Nigeria's electoral commission of operating as an arm of the ruling APC, calling for the chairman's removal over alleged bias.

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

Nigeria’s North-East recorded nearly 2,000 IED explosions in seven years, new report reveals

Nearly 2,000 explosive device incidents hit Nigeria's North-East over seven years, with road-planted IEDs accounting for the largest share of attacks throughout the period.

Dino Melaye says INEC has become a department of APC, demands chairman’s exit

Dino Melaye accused Nigeria's electoral commission of operating as an arm of the ruling APC, calling for the chairman's removal over alleged bias.

David Mark leads mass protest at INEC as ADC demands chairman’s resignation over democracy fears

David Mark led opposition figures to INEC's Abuja headquarters Wednesday, demanding the electoral commission chairman's resignation over alleged interference in party affairs

Gunmen kill at least 20 in Niger State, attack miners in Plateau as Kebbi communities burn

Gunmen riding motorbikes swept into Bagna and Erena villages before dawn Tuesday, killing at least 20 people and sending residents fleeing to nearby towns.