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naira devaluation

“He suffered because he was poor”: Lawyers say police broke the law by detaining Oyo student over N8,000

New details show the N8,000 debt Oyo police said was irrelevant appears on Al-Amin Mohammed's charge sheet, as lawyers say detaining a debtor is illegal.

Plateau women block Jos-Mangu highway after gunmen kill three vigilantes, including youth leader, on night patrol

Women and youths in Kassa community, Barkin Ladi, blocked the Jos-Mangu highway for hours on Friday after gunmen killed three vigilantes, including the youth leader.

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

“He suffered because he was poor”: Lawyers say police broke the law by detaining Oyo student over N8,000

New details show the N8,000 debt Oyo police said was irrelevant appears on Al-Amin Mohammed's charge sheet, as lawyers say detaining a debtor is illegal.

Plateau women block Jos-Mangu highway after gunmen kill three vigilantes, including youth leader, on night patrol

Women and youths in Kassa community, Barkin Ladi, blocked the Jos-Mangu highway for hours on Friday after gunmen killed three vigilantes, including the youth leader.

How Aliko Dangote’s refinery turned Nigeria into a petrol exporter worth nearly N1 trillion in six months

Aliko Dangote's refinery has turned Nigeria from a heavy petrol importer into an exporter earning N998.5 billion in the first half of 2026, NBS data show.

Obi insists he left Anambra debt-free, says World Bank loans were federal support drawn after he left office

Peter Obi says he never borrowed money or issued bonds as Anambra governor, rejecting the state government's claim that his tenure left N127.4 billion in external debt.