Nigerian Ports Authority Defends Dollar Payments, Citing International Nature of Shipping
The Nigerian Ports Authority (NPA) has offered clarification on its practice of charging operators in dollars, ...
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Tag: naira devaluation
Six Manufacturing Companies Report Combined Loss of N166.3 Billion for Nine Months
Six prominent manufacturing companies listed on the Nigerian Exchange Limited, including Nestle Nigeria, Cadbury Nigeria, Dangote ...
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Lekki Deep Seaport Struggles Amid Naira Devaluation and Low Import Volume
The $1.5 billion Lekki Deep Seaport in Nigeria, which commenced commercial operations in April 2023, is ...
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Peter Obi Decries ‘Dollarisation’ of Nigerian Economy, Calls for Naira Devaluation
In a candid interview with Arise TV on Monday, Peter Obi, the presidential candidate of the ...
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Nigerian Banks Record Significant FX Revaluation Gains in H1 2023, Prompting Regulatory Response
Nigerian leading commercial banks have reported substantial foreign exchange (FX) revaluation gains estimated at around N1.7 ...
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Nigeria’s Public Debt Soars to N87.38tn in Q2 2023, Exceeding Projection by N10tn
Nigeria's total public debt has surged to N87.38tn at the end of the second quarter of ...
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Gas Prices Expected to Rise in Nigeria Due to International Factors
Gas consumers in Nigeria are bracing for price hikes as gas prices are expected to increase ...
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Nigerians Protest Against Fuel Price Hike and Anti-Poor Policies in Kano State
In response to the recent hike in petrol price from N195 to N617, devaluation of the ...
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Nigerian Breweries Records N277 Billion Revenue in H1 2023 Despite Challenges
Nigerian Breweries Plc, the leading brewing company in Nigeria, has announced a revenue of N277 billion ...
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