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naira devaluation

Peter Obi, Kwankwaso backers form joint movement ahead of ADC primaries

Backers of Peter Obi and Rabiu Kwankwaso have launched the Obi-Kwankwaso Movement in Abuja, establishing structures across all 36 states ahead of ADC primaries.

Boko Haram issues 72-hour ultimatum, demands N5bn for 416 abducted women and children in Borno

Boko Haram has set a 72-hour deadline for the government to pay N5bn for 416 women and children abducted from Ngoshe in Borno State.

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

Peter Obi, Kwankwaso backers form joint movement ahead of ADC primaries

Backers of Peter Obi and Rabiu Kwankwaso have launched the Obi-Kwankwaso Movement in Abuja, establishing structures across all 36 states ahead of ADC primaries.

Boko Haram issues 72-hour ultimatum, demands N5bn for 416 abducted women and children in Borno

Boko Haram has set a 72-hour deadline for the government to pay N5bn for 416 women and children abducted from Ngoshe in Borno State.

SEREC warns Nigeria could lose cargo to Benin, Togo ports

SEREC has warned that persistent port inefficiencies could push as much as 25 percent of Nigeria-bound cargo to Benin and Togo within two years.

BOI, RMRDC sign MoU to boost Nigeria agric value chain

Bank of Industry and RMRDC have signed a memorandum of understanding to add value to Nigerian raw materials and keep more wealth inside the economy.