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naira devaluation

Nigeria’s North-East recorded nearly 2,000 IED explosions in seven years, new report reveals

Nearly 2,000 explosive device incidents hit Nigeria's North-East over seven years, with road-planted IEDs accounting for the largest share of attacks throughout the period.

Dino Melaye says INEC has become a department of APC, demands chairman’s exit

Dino Melaye accused Nigeria's electoral commission of operating as an arm of the ruling APC, calling for the chairman's removal over alleged bias.

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

Nigeria’s North-East recorded nearly 2,000 IED explosions in seven years, new report reveals

Nearly 2,000 explosive device incidents hit Nigeria's North-East over seven years, with road-planted IEDs accounting for the largest share of attacks throughout the period.

Dino Melaye says INEC has become a department of APC, demands chairman’s exit

Dino Melaye accused Nigeria's electoral commission of operating as an arm of the ruling APC, calling for the chairman's removal over alleged bias.

David Mark leads mass protest at INEC as ADC demands chairman’s resignation over democracy fears

David Mark led opposition figures to INEC's Abuja headquarters Wednesday, demanding the electoral commission chairman's resignation over alleged interference in party affairs

Gunmen kill at least 20 in Niger State, attack miners in Plateau as Kebbi communities burn

Gunmen riding motorbikes swept into Bagna and Erena villages before dawn Tuesday, killing at least 20 people and sending residents fleeing to nearby towns.