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Tag: Naira

Nigerian Breweries suffers N153bn forex loss over naira devaluation

Nigerian Breweries Plc has announced that it suffered a N153 billion foreign…

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Weak naira, high import tariffs drive up essential drug prices

Depreciating currency, hoarding, importation of drugs and raw valued currency, and high…

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EFCC orders task force to tackle illegal forex trading, naira abuse

The Economic and Financial Crimes Commission has established a task force to…

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Ogun monarch suspended for abusing naira notes

The Olu of Owode in Obafemi/Owode Local Government of Ogun State, Oba…

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Banks sell $3.3bn as CBN battles fresh naira slump

The naira suffered a fresh slide both at the official and parallel…

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Nigerian man complains over the size of the pounded yam he was served at a local restaurant for 200 naira

A video shared online and is currently trending has captured a Nigerian…

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Naira trades 1,498/$ at official market, CBN tackles racketeers

The naira appreciated slightly against the United States dollars at the Nigerian…

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Economists blame naira crash, fuel price as inflation hits 30%

Economists have linked the nation’s rising inflation to the continued depreciation of…

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Naira gains at official market, weakens to N1500/$ parallel market

The naira gained marginally against the United States dollar on Tuesday, appreciating…

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Naira reaches all-time low at official market

The naira fell to a new all-time-low of N1,534/$ on the official…

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