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naira devaluation

APC Demands Adeleke Resignation Over N13.7 Billion Fraud

APC calls for Ademola Adeleke’s resignation over alleged N13.7 billion payroll fraud as Osun government rejects audit findings and denies wrongdoing.

El-Rufai to Face Court Feb 25 Over Alleged Phone-Hacking Offences

KEY POINTS El-Rufai will be arraigned Feb 25 over alleged unlawful interception of the...

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

APC Demands Adeleke Resignation Over N13.7 Billion Fraud

APC calls for Ademola Adeleke’s resignation over alleged N13.7 billion payroll fraud as Osun government rejects audit findings and denies wrongdoing.

El-Rufai to Face Court Feb 25 Over Alleged Phone-Hacking Offences

KEY POINTS El-Rufai will be arraigned Feb 25 over alleged unlawful interception of the...

Kaduna Reunites 204 Kidnap Survivors With Families After Rescue and Rehabilitation

KEY POINTS 204 kidnap victims abducted from churches in Kajuru were rescued in stages...

AMAC Election: ADC Candidate Tells Wike “You Can’t Rig Votes Here”

KEY POINTS ADC candidate Dr. Paul Moses warned FCT Minister Nyesom Wike that AMAC...