Naira depreciation – Page 2 of 2 – Prime Business Africa

Naira Depreciation Sparks Surge In Dollar Savings As BDC Seeks Central Bank Review

Bureau De Change operators sounded the alarm as Nigerians flock to keep their savings in US dollars amid concerns over the eroding value of the naira.

Emmanuel Ochayi

4 months ago

Business

Blame Naira Depreciation For Nigeria’s Highest Inflation In 21 Years – Experts

Nigeria grapples with a daunting economic challenge as inflation hits a 28.92% in December 2023, marking the highest in 21 years, according to data from the National Bureau of Statistics.

Emmanuel Ochayi

4 months ago

Forex: Naira Ends Week On Positives Note With N1,431/$ At Official Market

Naira Gains Marginally At N1,082/$1 In Official Market

Nigeria's local currency, the naira on Wednesday, 10 January 2024, recorded a marginal gain against the US dollar as trading closed at N1082.32/$ in the official exchange window.

Emmanuel Ochayi

4 months ago

Naira Gains More As Exchange Rate Drops To N1,300/$1 At Official Market

Business·Currency

Naira Depreciation Deepens, Exchanges N1,089.51/$1 At Official Market 

The value of the Nigerian naira dropped on Tuesday in the official Investor and Exporter window from N856.57/$ on Monday to N1089.51/$.

Victor Ezeja

4 months ago

Foreign Investors Capitalize On Nigeria’s Manufacturing Potential - Expert

Business

How Naira Redesign, Forex crisis, Fuel Subsidy Removal, Others Crippled Manufacturing Growth In Nigeria

The manufacturing sector in Nigeria faced an arduous 2023 due to a culmination of challenges stemming from government policies, as highlighted by the Director-General of the Manufacturers Association of Nigeria (MAN), Segun

Emmanuel Ochayi

4 months ago

Naira Depreciates To N1,533/$1 At Official Rate Amidst Market Turbulence

Business·Currency·Latest News·Markets

Cadbury, Guinness, Nestle Hit By Naira Depreciation As Report Reveals N472.3bn Loss

In a revelation by Meristem, some major consumer goods companies in Nigeria such as Cadbury, Guinness Nigeria, and Nestle, suffered a combined loss of N472.3 billion due to the depreciation of the

Emmanuel Ochayi

4 months ago

Naira Depreciates By 0.78% In Official Market, Rises To ₦1,570 In Black Market

Business·Currency

Nigerian Naira Depreciates To N988/$ Despite $2.25bn Injection In Forex Market

The Nigerian naira spiraled downwards by 8.97% against the dollar, closing at N988.46/$1 despite a $2.25 billion infusion from Afreximbank.

Emmanuel Ochayi

5 months ago

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Naira depreciation - Page 2

Naira Depreciation Sparks Surge In Dollar Savings As BDC Seeks Central Bank Review

Blame Naira Depreciation For Nigeria’s Highest Inflation In 21 Years – Experts

Naira Gains Marginally At N1,082/$1 In Official Market

Naira Depreciation Deepens, Exchanges N1,089.51/$1 At Official Market

How Naira Redesign, Forex crisis, Fuel Subsidy Removal, Others Crippled Manufacturing Growth In Nigeria

Cadbury, Guinness, Nestle Hit By Naira Depreciation As Report Reveals N472.3bn Loss

Nigerian Naira Depreciates To N988/$ Despite $2.25bn Injection In Forex Market

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