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naira devaluation

UNILAG Rejects ASUU Strike, Says Exams Will Hold

UNILAG management rejected ASUU's strike action Wednesday and vowed semester exams would proceed despite lecturers walking out over unpaid salary components.

Dangote Refinery Puts Nigeria First as Oil Hits $100

Dangote Refinery pledged Monday to put Nigeria's domestic fuel market first as the Middle East war pushed crude oil above $100 a barrel.

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

UNILAG Rejects ASUU Strike, Says Exams Will Hold

UNILAG management rejected ASUU's strike action Wednesday and vowed semester exams would proceed despite lecturers walking out over unpaid salary components.

Dangote Refinery Puts Nigeria First as Oil Hits $100

Dangote Refinery pledged Monday to put Nigeria's domestic fuel market first as the Middle East war pushed crude oil above $100 a barrel.

Nigeria Suspends $300 Helicopter Fee for Oil Firms

Nigeria suspended its $300 helicopter landing fee on oil and gas operators for two months after industry stakeholders raised disruption concerns.

Dangote Refinery Slashes Petrol Price by ₦100 to ₦1,075 per Litre Amid Falling Global Oil Prices

KEY POINTS Dangote Refinery reduced petrol price by ₦100, bringing the ex-gantry rate down...