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naira devaluation

Atiku says Tinubu ‘cannot govern’ as killings, abductions surge nationwide

Atiku Abubakar condemned President Tinubu over the Ogbomoso school abductions and Katsina killings, declaring that the administration "cannot govern" Nigeria.

Obi emerges sole NDC presidential aspirant for 2027 race

Peter Obi emerged as the sole NDC presidential aspirant after the party closed the sale of its 2027 nomination forms with no other buyer.

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

Atiku says Tinubu ‘cannot govern’ as killings, abductions surge nationwide

Atiku Abubakar condemned President Tinubu over the Ogbomoso school abductions and Katsina killings, declaring that the administration "cannot govern" Nigeria.

Obi emerges sole NDC presidential aspirant for 2027 race

Peter Obi emerged as the sole NDC presidential aspirant after the party closed the sale of its 2027 nomination forms with no other buyer.

Police arrest 6 over phone tip-offs in Oyo school abduction

Oyo police arrested six suspects who allegedly informed bandits via phone calls during the Ahoro-Esiele school abduction that killed three people.

AfDB approves $200m BoI facility to boost Nigeria’s industrial sector

AfDB approved a $200 million facility for Nigeria's Bank of Industry to boost SMEs, manufacturing and green industrialization, with women-led and youth businesses prioritized.