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naira devaluation

NYSC tells corps members to save beyond allowance

NYSC chief Olakunle Nafiu has urged corps members to save and build extra income streams, warning that poor saving habits persist even on higher pay.

Tinubu says subsidy cabals want him dead

President Bola Tinubu says oil subsidy and exchange rate cabals want him dead, blaming the threat on the reforms he launched after taking office in 2023.

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

NYSC tells corps members to save beyond allowance

NYSC chief Olakunle Nafiu has urged corps members to save and build extra income streams, warning that poor saving habits persist even on higher pay.

Tinubu says subsidy cabals want him dead

President Bola Tinubu says oil subsidy and exchange rate cabals want him dead, blaming the threat on the reforms he launched after taking office in 2023.

Gowon: Ojukwu frustrated Aburi Accord peace moves

Yakubu Gowon's new memoir accuses late Biafran leader Ojukwu of frustrating the Aburi Accord and every peace effort before Nigeria slid into civil war.

African AI adoption too slow, PwC warns

PwC warns that African AI adoption is too slow to catch the global boom, with firms investing little and few scaling the technology beyond pilots.