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naira devaluation

Calls grow for EFCC chairman’s sack over Osun account freeze ahead of August 15 election

Calls for the sacking or resignation of EFCC chairman Ola Olukoyede have grown louder after President Tinubu ordered the agency to unfreeze Osun State's accounts just 10 days before the governorship election.

Kwara nurse delivered 10 babies with bare hands while held captive by Boko Haram

A rescued Kwara nurse says she delivered 10 babies with her bare hands while held captive by Boko Haram for nearly six months after the February attack on Woro community.

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

Calls grow for EFCC chairman’s sack over Osun account freeze ahead of August 15 election

Calls for the sacking or resignation of EFCC chairman Ola Olukoyede have grown louder after President Tinubu ordered the agency to unfreeze Osun State's accounts just 10 days before the governorship election.

Kwara nurse delivered 10 babies with bare hands while held captive by Boko Haram

A rescued Kwara nurse says she delivered 10 babies with her bare hands while held captive by Boko Haram for nearly six months after the February attack on Woro community.

Lagos police bust warehouse repackaging fake Viagra, Omeprazole and other drugs for sale across Nigeria

Lagos police have raided a warehouse used for more than two years to repackage fake medicines including Viagra, Omeprazole and antibiotics for distribution across Nigeria and West Africa.

Nigeria has fewer than 300 psychiatrists for over 200 million people, expert warns

Nigeria has fewer than 300 psychiatrists serving a population of over 200 million people, a professor of psychiatry has warned, calling for urgent action on mental healthcare funding.