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naira devaluation

Food, Transport Costs Rocket in Nigeria Before Christmas

Rising food and transport costs are threatening Christmas celebrations for many Nigerians.

Competition Is Rising, Petrol Price Drops Below N900

Fuel dips below N900 as relief to end consumers comes from competition and reforms.

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

Food, Transport Costs Rocket in Nigeria Before Christmas

Rising food and transport costs are threatening Christmas celebrations for many Nigerians.

Competition Is Rising, Petrol Price Drops Below N900

Fuel dips below N900 as relief to end consumers comes from competition and reforms.

Nigeria Needs $20 Billion Annually to Hit 2027 Growth Goals

Nigeria needs $20 billion yearly for 6.3% economic growth by 2027, says Wale Edun. Increased tax revenue is essential.

Yahaya Bello Released After Meeting Bail Conditions

Former Kogi State Governor Yahaya Bello was released from custody after meeting N500 million bail conditions set by FCT court.