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naira devaluation

Police Council Backs Tunji Disu as Acting IGP

KEY POINTS The Police Council, chaired by President Bola Tinubu, unanimously ratified Tunji Disu’s...

Shi’ite Protests Rock Lagos, Kano, Others Over Death of Iran’s Khamenei

KEY POINTS Members of the Islamic Movement of Nigeria protested in several states over...

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

Police Council Backs Tunji Disu as Acting IGP

KEY POINTS The Police Council, chaired by President Bola Tinubu, unanimously ratified Tunji Disu’s...

Shi’ite Protests Rock Lagos, Kano, Others Over Death of Iran’s Khamenei

KEY POINTS Members of the Islamic Movement of Nigeria protested in several states over...

New HIV Prevention Injection to Arrive in Nigeria This March

KEY POINTS Nigeria will receive its first consignments of Lenacapavir, a twice-yearly HIV prevention...

Atiku’s Son Steps Down as Adamawa Commissioner

KEY POINTS Adamu Abubakar, son of former Vice-President Atiku Abubakar, has resigned as Adamawa...