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naira devaluation

Makinde Signs Executive Order to Regulate Private Security Groups in Oyo State

KEY POINTS Governor Seyi Makinde signed an executive order regulating security-related associations and groups...

Police Confirm Abduction of Two CRIN Officials in Ibadan

KEY POINTS Oyo police dismissed viral reports of mass abductions in Ibadan, confirming only...

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

Makinde Signs Executive Order to Regulate Private Security Groups in Oyo State

KEY POINTS Governor Seyi Makinde signed an executive order regulating security-related associations and groups...

Police Confirm Abduction of Two CRIN Officials in Ibadan

KEY POINTS Oyo police dismissed viral reports of mass abductions in Ibadan, confirming only...

Power Surge Triggers Fire Outbreak at Ilorin Housing Estate

KEY POINTS A fire outbreak caused by a suspected power surge damaged parts of...

WAEC Candidates Relocated to Safer Communities After Terrorist Attacks on Oyo schools

KEY POINTS WAEC candidates were relocated to safer communities after terrorist attacks on schools...