Tag: Currency Devaluation

The Nigerian government faces a challenging fiscal year in 2025, as the steep depreciation of the Naira threatens the viability ...

Despite global inflation and low productivity across much of the African continent, several African currencies are holding strong against the ...

Zimbabwe’s latest attempt at stabilizing its currency, the Zimbabwe Gold (ZiG), is facing widespread rejection just days after the Reserve ...

Jumia Technologies AG, a leading e-commerce platform in Africa, has reported a significant reduction in its operating loss, cutting it ...

Airtel Africa, Nigeria's second-largest telecommunications company, has reported a substantial loss of $1.7 billion attributed to currency devaluations in Nigeria ...

Nigerian Breweries Plc (NB) has unveiled plans to raise N600 billion capital through a rights issue, subject to shareholders' approval. ...

Egypt has initiated a significant devaluation of its currency, resulting in a depreciation of approximately 35%, subsequent to a massive ...

A combination of economic and political factors has contributed to the weakening of several African currencies, including the naira in ...

In a stark illustration of the economic challenges facing Nigeria, the Federal Government's budget has seen a significant surge in ...

In a twist of economic developments, the National Bureau of Statistics (NBS) reported an unexpected decline in Nigeria's transport inflation, ...