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naira depreciation

Nigerian troops rescue 363 victims, kill 69 terrorists in one week, DHQ says

Nigerian troops rescued 363 kidnapped victims, killed 69 terrorists and arrested 49 suspects during a week of land, air and sea operations, DHQ says.

Two Nigerian women held in India over N380m cocaine seizure

Railway police in Delhi have detained two Nigerian women after seizing 2.28 kilograms of cocaine worth about N380 million, allegedly tied to interstate trafficking.

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

Nigerian troops rescue 363 victims, kill 69 terrorists in one week, DHQ says

Nigerian troops rescued 363 kidnapped victims, killed 69 terrorists and arrested 49 suspects during a week of land, air and sea operations, DHQ says.

Two Nigerian women held in India over N380m cocaine seizure

Railway police in Delhi have detained two Nigerian women after seizing 2.28 kilograms of cocaine worth about N380 million, allegedly tied to interstate trafficking.

Nigeria, Benin Strengthen Defence Ties, Plan Joint Action Against Cross-Border Threats

KEY POINTS Nigeria, Benin deepen defence cooperation against cross-border threats. Both countries strengthen intelligence...

DSS Arrests Three More Suspects Linked to Kidnap of Nasarawa University Professor

KEY POINTS DSS arrests three more suspects linked to the kidnapping of Nasarawa varsity...