Tag: Currency Devaluation

The Economist Intelligence Unit (EIU) has forecasted a weakening of Nigeria's official exchange rate to N1,068.3/$ by 2025, citing ongoing ...

The Bola Ahmed Tinubu-led federal government is exploring a novel approach to bolster the value of the naira, leveraging dividends ...

The relentless devaluation of the Nigerian Naira, reaching an alarming peak at N2,010 per CFA1000, has sent shockwaves through the ...

Nigeria aims to implement new foreign exchange regulations to close the naira's significant gap with the unofficial rate and achieve ...

In a concerning turn of events, the Nigerian Naira fell to a historic low of N1,235 per US dollar on ...

In a recent update to its World Economic Outlook, the International Monetary Fund (IMF) has projected a brief economic ascent ...

The Nigerian currency, the naira, experienced a substantial depreciation in the third quarter of 2023, marking a concerning trend for ...

Nigeria is witnessing a dramatic surge in sugar prices as a confluence of factors, including increased demand, unfavorable weather conditions, ...

Guinness Nigeria Plc, a subsidiary of Diageo Plc, is facing challenges in obtaining dollars to repay its foreign-currency loans despite ...

Official figures released on Monday revealed that Egypt's annual inflation reached 36.8% in June, marking an all-time high for the ...