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naira devaluation

NUJ Condemns DSS Attack on Journalists at Edo Election Tribunal

The NUJ condemns DSS operatives attack of journalists covering Edo Election Tribunal as assault on press freedom and democracy.

World Bank Debars Nigerian Companies, CEO Over Fraudulent Practices

The World Bank has banned a 30-month ban on Viva Atlantic Limited, Technology House Limited and their CEO for fraudulent practices related to the Nigeria’s Social Safety Nets Project.

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

NUJ Condemns DSS Attack on Journalists at Edo Election Tribunal

The NUJ condemns DSS operatives attack of journalists covering Edo Election Tribunal as assault on press freedom and democracy.

World Bank Debars Nigerian Companies, CEO Over Fraudulent Practices

The World Bank has banned a 30-month ban on Viva Atlantic Limited, Technology House Limited and their CEO for fraudulent practices related to the Nigeria’s Social Safety Nets Project.

Trump’s Energy Policies May Affect Nigerian Exports, Revenue

Trump U.S. energy policy shifts could reduce Nigerian crude oil exports, cash flow. They are calling for domestic refining investments.

The Gig Economy in Nigeria: Opportunities and Challenges for Freelancers

Nigeria's gig economy empowers freelancers with income opportunities, skill development, and independence, while challenges like earnings volatility and digital gaps persist.