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naira depreciation

Tinubu Seeks Senate Backing for Troop Deployment to Benin

Tinubu asks the Senate to approve a Benin troop deployment after a failed coup sparked an urgent request for military support

Dangote Pledges $700 Million For Nigerian Education

Aliko Dangote sets a $700 million plan to expand education access in Nigeria, targeting out-of-school children and long-term skills development.

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

Tinubu Seeks Senate Backing for Troop Deployment to Benin

Tinubu asks the Senate to approve a Benin troop deployment after a failed coup sparked an urgent request for military support

Dangote Pledges $700 Million For Nigerian Education

Aliko Dangote sets a $700 million plan to expand education access in Nigeria, targeting out-of-school children and long-term skills development.

Army Rejects Claims of Shooting Women Protesters in Adamawa

Army rejects reports that troops shot women during Lamurde protest and links the deaths to gunfire from a rival community.

Gunmen Kill Motorist, Abduct Several Residents in Imo Community

Gunmen opened fire on vehicles in Amala, killing a motorist and abducting several people as police begin a search operation.