Nigeria’s motorcycle imports surge by 204% in Q1 2024 on weak naira, India overtakes China as top supplier
Data from the National Bureau of Statistics reveal Nigeria recorded N117.4 billion as import cost for motorcycles in the first ...
Tag: Naira Devaluation
News and stories about Naira Devaluation
Are Dangote Cement’s measures for cost optimization working?
In the realm of corporate strategy, the pursuit of cost optimization stands as a pivotal endeavor, particularly in industries susceptible ...
Inflation, naira devaluation and others to affect Nigeria Breweries’ short-term financial performance -MD Essaadi
The Managing Director of Nigeria Breweries Plc, Mr. Hans Essaadi has outlined certain macroeconomic issues that will affect the company’s ...
Naira Devaluation: Pension Fund’s net asset value decline by $18.9 billion in one year
The devaluation of the Naira has exerted a substantial influence on the net asset value of pension fund assets in ...
83% of our 2023 FX losses are unrealized, they potentially can be reversed – MTN CFO
Despite the substantial FX losses incurred by MTN Nigeria in FY 2023, approximately 83% of that amount remains unrealized.
Naira devaluation: Starlink increases hardware price by 112% in Nigeria
Elon Musk’s internet service company, Starlink, has increased the price of its hardware by 112% in Nigeria.
2024 Nigerian budget is insufficient to boost economy amid naira devaluation – Experts
Financial analysts at FSL Securities Limited have said that with the current naira devaluation, the 2024 budget size is insignificant ...
Eterna Plc posts unaudited loss of N7.9 billion in 2023 due to naira devaluation
Eterna Plc released its unaudited financial statements for FY 2023, posting a pre-tax loss of N7.9 billion, which reflects a ...
Nestle reports loss after tax of N43.068 billion, set to break 5-year consistent dividend payment record due to naira devaluation
The current year seems to be presenting Nestle Nigeria with considerable challenges, leading to a break in earnings trends and ...
Fuel subsidy removal and naira devaluation will fan inflationary flames through h2/2023 – FocusEconomics
Analysts at FocusEconomics have said that the fuel subsidy removal fallout and the devaluation of the naira will fan inflationary ...
