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naira devaluation

Kwara kidnap victims beg for rescue in new video, say they’ve been held since February

A new video shows Kwara State kidnap victims, gaunt and exhausted, pleading directly to state governments for rescue more than two months after their abduction.

Catholic diocese says 24 killed in Easter Sunday attack on Kebbi village, contradicts police count

The Catholic Diocese of Kontagora says 24 people were killed in an Easter Sunday attack on a Kebbi village, six times the number police initially confirmed.

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

Kwara kidnap victims beg for rescue in new video, say they’ve been held since February

A new video shows Kwara State kidnap victims, gaunt and exhausted, pleading directly to state governments for rescue more than two months after their abduction.

Catholic diocese says 24 killed in Easter Sunday attack on Kebbi village, contradicts police count

The Catholic Diocese of Kontagora says 24 people were killed in an Easter Sunday attack on a Kebbi village, six times the number police initially confirmed.

Nigeria’s rent crisis: Families flee cities as landlords double, triple prices with no warning

Across Nigeria's major cities, families are being priced out of their homes by rent hikes that sometimes double overnight, with little legal protection.

Nigeria’s 63 percent poverty rate defies inflation easing

Nigeria's poverty rate climbed to 63 percent in 2025 even as inflation declined sharply, the World Bank said in its April 2026 Nigeria Development Update.