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naira devaluation

Bandits abduct 10 in Kwara palace attack

Suspected bandits have burned part of an Emir's palace and abducted 10 people, including his wives and children, in a midnight attack on a Kwara community.

Army warns of impersonation scam using generals’ names

The Nigerian Army has warned of an impersonation scam in which fraudsters pose as senior officers on Facebook to deceive and defraud unsuspecting members of the public.

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

Bandits abduct 10 in Kwara palace attack

Suspected bandits have burned part of an Emir's palace and abducted 10 people, including his wives and children, in a midnight attack on a Kwara community.

Army warns of impersonation scam using generals’ names

The Nigerian Army has warned of an impersonation scam in which fraudsters pose as senior officers on Facebook to deceive and defraud unsuspecting members of the public.

Military vows tight Sallah security in North-East

The Nigerian military has promised tight Sallah security across the North-East, vowing peaceful Eid el-Kabir celebrations despite threats from Boko Haram and ISWAP insurgent remnants.

Tinubu vows four more years of reform

President Tinubu has won the APC presidential primary in a landslide, pledging to set Nigeria on an "irreversible path of economic expansion" if granted a second term.