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naira devaluation

Court Adjourns El-Rufai Fraud Case to March 31 as Ex-Kaduna Governor Files Bail Application

KEY POINTS A Federal High Court in Kaduna adjourned Nasir El-Rufai’s alleged fraud case...

Labour Party Signals 2027 Presidential Ticket Will Emerge from Southern Nigeria

KEY POINTS Labour Party initially indicated its 2027 presidential ticket would be zoned to...

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

Court Adjourns El-Rufai Fraud Case to March 31 as Ex-Kaduna Governor Files Bail Application

KEY POINTS A Federal High Court in Kaduna adjourned Nasir El-Rufai’s alleged fraud case...

Labour Party Signals 2027 Presidential Ticket Will Emerge from Southern Nigeria

KEY POINTS Labour Party initially indicated its 2027 presidential ticket would be zoned to...

Power Minister Adebayo Adelabu Apologises to Nigerians Over Persistent Outages

KEY POINTS Power Minister Adebayo Adelabu apologises for widespread electricity outages affecting homes, businesses,...

Nigeria, Finland Sign MoU to Boost Digitalisation

KEY POINTS Nigeria and Finland sign a MoU to enhance digitalisation, innovation, cybersecurity, and...