Tag: Naira Devaluation

Advocates of weaker currencies, love to sing the praises of a floundering local currency.

The value of Nigeria’s crude oil export earnings increased by 50.2% in the first quarter of 2024 to N15.4 trillion, ...

Data from the National Bureau of Statistics reveal Nigeria recorded N117.4 billion as import cost for motorcycles in the first ...

In the realm of corporate strategy, the pursuit of cost optimization stands as a pivotal endeavor, particularly in industries susceptible ...

The Managing Director of Nigeria Breweries Plc, Mr. Hans Essaadi has outlined certain macroeconomic issues that will affect the company’s ...

The devaluation of the Naira has exerted a substantial influence on the net asset value of pension fund assets in ...

Despite the substantial FX losses incurred by MTN Nigeria in FY 2023, approximately 83% of that amount remains unrealized.  

Elon Musk’s internet service company, Starlink, has increased the price of its hardware by 112% in Nigeria.

Financial analysts at FSL Securities Limited have said that with the current naira devaluation, the 2024 budget size is insignificant ...

Eterna Plc released its unaudited financial statements for FY 2023, posting a pre-tax loss of N7.9 billion, which reflects a ...