An economic expert has projected that Nigeria's public debt will rise to N150 trillion by the end of the first quarter of ...

Brewers operating in Nigeria are anticipating a more profitable year devoid of volatility and a boost on their operational ...

Airtel Nigeria has reported a decline in revenue for the nine months ending December 31, 2024, with total revenue falling to $738m, a decrease of 40.3 per cent from $1.237bn reported for the same ...

In June 2023, the Nigerian government removed the rate cap in its official foreign exchange market, allowing market forces to determine the actual value of the naira. This led to the devaluation ...

It started to ease in July last year as the impact of the naira devaluation began to fade, before a series of petrol price increases again spurred inflationary pressures, exacerbating the worst ...

This devaluation prompted many Nigerians ... about the massive inflow of foreign exchange into the Nigerian economy. Once converted into naira, these funds were used for lifestyle and ...

Foreign investors and economists had called for naira devaluation for months as the ... With the naira expected to fall sharply, Nigerian products will become relatively cheap and imports more ...

Nigerian banks and the federal government ... tax on banks’ realised foreign exchange gains following the naira devaluation on June 14, 2023. Thereafter, both chambers of the National Assembly ...

The naira rose in value against the US dollar for the second day in the official window on Thursday, January 23, 2024, ...

Naira stability will halt the federation allocation windfall that has been enjoyed by federal and state governments in the ...