The depreciation of the naira has led to a decline in the number of Nigerians migrating abroad, according to Tope Fasua, Special Adviser to the...
The importation of manufactured goods into Nigeria has seen an unprecedented rise of 139% year-on-year, reaching N5.74 trillion in the first quarter of 2024 (Q1’24), up...
Amid escalating concerns over insecurity and a turbulent economy, Senator Ned Nwoko has issued a stern warning to the Federal Government and the Central Bank of...
Financing Assessment and Staff Report, the International Monetary Fund (IMF) has sounded a cautionary note, projecting a potential 35% depreciation in the exchange rate of the...
The International Air Transport Association (IATA) has raised concerns about the potential financial impact on foreign airlines operating in Nigeria due to the significant depreciation of...
Currency markets are experiencing heightened uncertainty this week as investment analysts predict further depreciation of the Naira, adversely affecting Nigerians and the economy. The 61% depreciation...
In a ripple effect of the Naira’s 55% depreciation against the United States dollar on the official foreign exchange market, international airfares on Nigerian routes have...
The 10th consecutive month of rising inflation, hitting 27.33% in October 2023, prompts a 34% YoY increase in consumer loans. The depreciation of the naira, coupled...
Olayemi Cardoso, the newly appointed Governor of the Central Bank of Nigeria (CBN), has revealed his comprehensive plans to address the ongoing challenges in the country’s...