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naira devaluation

EU warns of rising violence, hate speech ahead of Nigeria’s 2027 elections

The European Union has expressed concern over election-related violence, hate speech and political intimidation in Nigeria as preparations continue for the 2027 general elections.

Nigerian-born Emehelu makes history as New Jersey Lieutant governor

Nigerian-born lawyer Shirley Emehelu has assumed office as New Jersey's lieutenant governor, becoming part of a historic female-led state administration.

How Currency Devaluation Impacts Nigerians’ Everyday Lives

Currency devaluation impacts Nigerians through rising prices, reduced purchasing power, and economic challenges for businesses across Nigeria

Nigerian Students Face Expulsion Over Naira Devaluation at UK University

A group of Nigerian students at a UK university face expulsion due to financial difficulties caused by the devaluation of the naira. The university cites visa regulations, while students plead for support and a chance to finish their studies. The incident raises concerns about the vulnerability of international students to currency fluctuations.

Nigerian Tycoons Shine on Forbes’ Billionaire List Despite Economic Hurdles

Despite naira devaluation, Nigerian business magnates Dangote, Otedola, Adenuga, and Rabiu make Forbes’ billionaire list, highlighting their enduring wealth and the country's economic resilience.

Nigerian Breweries Plunges into Loss as Naira Crashes

Nigerian Breweries Plc, the country’s leading beer maker, posted a net loss of N106.3...

How Nigeria’s Economic Woes Force Manufacturers to Sell on Credit

Nigeria’s manufacturers are struggling to cope with the effects of the government’s economic reforms,...

Nigerians Deposit More Money in Banks as CBN Boosts Lending and Devaluation Increases Dollar Value

Nigerian banks have witnessed a surge in customer deposits this year, as the Central...

Nestle Nigeria Faces Financial Crisis Due to Naira Devaluation

Nestle Nigeria, the country’s leading food and beverage company, has reported a massive loss...

Latest articles

EU warns of rising violence, hate speech ahead of Nigeria’s 2027 elections

The European Union has expressed concern over election-related violence, hate speech and political intimidation in Nigeria as preparations continue for the 2027 general elections.

Nigerian-born Emehelu makes history as New Jersey Lieutant governor

Nigerian-born lawyer Shirley Emehelu has assumed office as New Jersey's lieutenant governor, becoming part of a historic female-led state administration.

Nigeria unveils 70 billion naira plan to eliminate noma, expand dental care

Nigeria has launched a 70 billion naira plan to eliminate noma and expand dental care through primary health centers by 2030.

Bank of Industry urges Lagos to invest in industrial clusters to lift productivity

Bank of Industry chief Olasupo Olusi says Lagos should invest in industrial clusters, power and faster freight to cut business costs and attract private capital.