Nigeria finds itself trapped in a fiscal paradox that defies basic economic logic. Despite removing fuel subsidies ...

Debate on whether or not to devalue the naira continued on Thursday with Edo State Governor, Adams Oshiomhole, joining the discussion. The governor, who did not hide his disdain for a weaker naira, ...

The continuous decline in foreign reserves and increased spending expected during 2015 elections are likely to force the incoming Central Bank of Nigeria (CBN) Governor to devalue the naira, Global ...

Airtel Africa's Q1 earnings report after the Nigerian Naira crash shows a better-than-expected performance, but adjustments reveal a 30% decline in Nigerian revenue. Q2 earnings do recognize this 30% ...

IHS Holding remains a buy due to its advantageous competitive advantages stemming from unique locations and wide economies of scale. Nigeria's high inflation, unemployment, and infrastructure gaps are ...

ABUJA, Feb 9 (Reuters) - Nigeria's naira dropped to a record low of 1,540 against the dollar on the official market, LSEG data showed on Friday, after the currency was devalued last week, its second ...

The Central Bank of Nigeria, has directed all authorized dealer banks to stop the payout of Personal Travel Allowance (PTA) and Business Travel Allowance (BTA) in cash amid the free fall of the Naira ...

ABUJA (Reuters) - President Muhammadu Buhari said on Friday he is yet to be convinced that Nigeria would benefit from a devaluation of the naira, despite its sharp fall against the dollar on the black ...

Hyprop Investments Limited has announced an anticipated decline in distributable income per share for the year ending June 30, 2024, as outlined in its trading statement released on March 12, 2024.

JOHANNESBURG, March 1 (Reuters) - Africa's biggest telecom operator MTN Group MTNJ.J flagged on Friday an up to 80% fall in full-year profit, hit by the sharp devaluation in the Nigerian naira, which ...

The Governor of Abia State, Alex Otti, has decried the free fall of naira to other foreign currencies. According to him, the President Bola Ahmed Tinubu’s led government, printed too much money in ...

Nigeria’s currency plunged, heading for its worst four-day losing streak since the naira was devalued in January as domestic dollar liquidity evaporated. The naira dropped 5.3% against the dollar on ...